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  • Lazard Leadership Changes

    Lazard names Evan L. Russo Chief Executive Officer of Asset Management, Succeeding Ashish Bhutani, who will retire after nearly two decades leading the Business.

    Alexander F.

    Stern, President of Lazard, to retire from the Firm at Year End After Nearly 30 Years


    NEW YORK, April 6, 2022 – Lazard Ltd (NYSE: LAZ) announced today that Evan L. Russo, Chief Financial Officer (CFO) of Lazard, will succeed Ashish Bhutani as Chief Executive Officer (CEO) of Lazard’s Asset Management business.

    Mr. Bhutani has decided to retire as CEO of Lazard’s Asset Management business and from the Board of Directors of both Lazard Ltd and Lazard Group as of June 1, 2022, to pursue philanthropic and personal interests. Mr. Bhutani will continue serving as Chairman of Asset Management and as a Vice Chairman of Lazard through the end of the year.

    Mr. Russo will continue serving as Lazard’s CFO and work with Kenneth M. Jacobs, Chairman and CEO of Lazard, to expeditiously identify h