Winter 2027
Mergers and Acquisitions Internship
Generalist team
Lazard
Advises on mergers and acquisitions
No salary listed
Paris, France
In Person
Based in Paris, France.
Master's
 Finance & Banking (1) |
|---|
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- Final-year student or in the second part of a gap year at a top Business School or Engineering School, or enrolled in a Master’s degree (Master 2) with a focus on Corporate Finance/Financial Engineering
- First internship experience in the financial sector (investment banking, private equity, audit, corporate finance department, banking, etc.)
- An excellent command of office tools (Excel, PowerPoint, Word)
- You are bilingual in French and English
- Origination: preparing pitch materials, monitoring investors and market dynamics
- Execution: preparing process documents, managing the process, building analyses and financial models
- Coverage: conducting in-depth research and preparing papers on the various sectors covered and their companies
Lazard provides financial advisory services for mergers and acquisitions and other corporate finance matters. Its work centers on helping clients plan and execute deals, offering valuation, strategic advice, deal structuring, and negotiating support. A team of experienced bankers and industry specialists draws on a global network to access opportunities and coordinate cross-border transactions. Lazard differentiates itself through deep senior-level involvement, a long track record handling large, complex deals, and a global platform that supports clients across industries. The goal is to help clients maximize value from strategic transactions and complete successful, well-structured deals.
Company Size
N/A
Company Stage
IPO
Headquarters
New York City, New York
Founded
1848
Get referred to Lazard
See people who can refer or advise you
Simplify's Take
What believers are saying
- Ashland’s August 2026 sale process keeps Lazard embedded in a live strategic auction.
- Asset Management posted record $285 billion AUM and best first-half inflows in nearly 20 years.
- July 2026 hires Chris Bricker, TP Enders, Brian McCabe, and Kathy Elsesser deepen execution.
What critics are saying
- Reuters on July 23, 2026 reported Lazard replaced over 80 managing directors.
- Q2 2026 financial advisory revenue fell 9%, exposing dependence on volatile transaction markets.
- If Ashland fails and IPO advisory stalls, Lazard’s advisor brand loses momentum by 2027.
What makes Lazard unique
- Lazard combines top-tier M&A advice with asset management, unlike pure-play boutiques.
- Its restructuring and private capital franchise remains active through 2026, including Ashland and Ripple Fiber.
- Lazard 2030 pairs AI-led asset management with sector-focused bankers and conflict-free IPO advisory.
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Benefits
Professional Development Budget
Flexible Work Hours
Mental Health Support
Family Planning Benefits
401(k) Company Match
Remote Work Options
Company News
Specialty chemicals giant Ashland initiates sale evaluation. 2026-08-14 09:07:56 Source:ChemNet 中文 Recent reports indicate that U.S. specialty chemicals company Ashland is evaluating the possibility of a full sale, officially initiating the sale process and attracting interest from multiple industrial capital firms and private equity institutions. According to sources familiar with the matter, Ashland has hired Citigroup and Lazard as financial advisors to assist in evaluating potential transactions and advancing the sale, while conducting preliminary discussions with strategic buyers and financial investors. Multiple parties have already proactively approached Ashland to inquire about acquisition opportunities, including Standard Industries, one of Ashland's major shareholders, as well as prominent private equity firms such as Advent International, Apollo Global Management, and The Carlyle Group. However, relevant discussions are still in the early stages, and there remains uncertainty regarding whether a transaction will materialize. This initiation of a sale evaluation stems from sustained pressure from activist investors. In June 2026, activist investment firm Ancora Holdings publicly called on Ashland to seek a full sale. Ancora believes that the company's stock price is significantly discounted, and coupled with challenges in corporate growth and operational execution, a sale is the optimal path to unlock Ashland's intrinsic value. According to market estimates, if an acquisition deal is reached, the corresponding purchase price would be approximately $76 per share, valuing Ashland's total enterprise value at around $4.5 billion. Facing the demands of activist investors, Ashland reached a settlement agreement with Ancora Holdings in July 2026. According to the agreement, Ashland's Board of Directors added two new directors, Peter Thomas and Allen Spizzo. Simultaneously, a Capital Configuration Advisory Committee was established, with a term extending through the 2028 Annual Meeting of Shareholders. This committee will continue to provide professional advice to the Board, conducting discussions around capital allocation strategies and medium-to-long-term strategic planning to help enhance shareholder returns. On the financial reporting front, Ashland's latest quarterly operational performance showed marked improvement. The company disclosed its quarterly performance for the period ending June 30 on July 28, reporting net income of $16 million for the period; in the same period last year, the company recorded a loss of $742 million due to one-time charges such as non-cash goodwill impairment. Quarterly sales reached $497 million, a 7% year-over-year increase; product sales volume rose by 6% year-over-year, with all four business segments achieving growth. Public information shows that Ashland's business is divided into four core segments. The Life Sciences segment serves pharmaceuticals, nutrition, agricultural chemicals, and diagnostic films; the Personal Care segment provides skincare, haircare, oral care, and home care ingredients, as well as bioactives and preservatives; the Specialty Additives segment supplies rheology modifiers and functional enhancement additives for industrial markets such as architectural coatings, construction engineering, energy, and automotive; the Intermediates business focuses on 1,4-butanediol (BDO) and its derivatives, including key chemicals like N-methylpyrrolidone (NMP). As a key global supplier of specialty ingredients and additives, Ashland spans multiple industrial chains including pharmaceuticals, cosmetics, new materials, and fine chemicals. Industry analysis points out that if this sale proceeds smoothly, it may reshape the competitive landscape in the global personal care ingredients, pharmaceutical excipients, and fine intermediates sectors such as BDO and NMP. [Copyright Notice] In the spirit of openness and inclusiveness of the Internet, ChemNet welcomes all media and institutions to reprint and quote its original content. If reprinted, please mark the source ChemNet. If you find any copyright issues with articles on this website, please contact Chemnet at [email protected]. Important information. Commodity price chart. | Product name | Price (yuan/ton) | Price Limit | | Trifluoroacetic acid | 38075.00 | +15.47% | | Isobutyraldehyde | 7933.33 | +14.98% | | Crude oil | 88.98 | +11.99% | | Crude oil | 83.27 | +10.70% | | 1,3-butadiene | 10900.00 | +8.10% | | Bromine | 39000.00 | +7.73% | | Lithium carbonate | 147000.00 | +7.30% | | Propylene | 8591.00 | +7.15% | | Antimony | 95250.00 | +6.72% | | Lithium carbonate | 149000.00 | +6.43% | | Dichloromethane | 1945.00 | -6.15% | | Phenol | 8205.00 | -5.96% | | Lithium hydroxide | 125000.00 | +5.93% | | MEK | 8000.00 | -5.88% | | Naphtha | 8203.33 | +5.58% | Scan to access the mobile version View the latest and hottest chemical news content
Mayor Mamdani recruits finance leaders for Advisory Council. TrendPulse AI Analysis This article covers business trends, sourced from Fortune. Its AI system has analyzed the key points and extracted the most relevant insights for decision-makers. Below is the structured breakdown of the original content. Quick summary. * Mayor Zohran Mamdani is forming a new Business Advisory Council, recruiting high-level executives from firms like UBS, Lazard, and Bank of America. * This move marks a strategic pivot as the administration disbands its previous corporate-led fundraising board in favor of a more progressive economic agenda. * The council aims to bridge the gap between the mayor's populist policy goals and the city's influential financial sector. Key details. The administration is actively courting veteran financial leaders, including former UBS Group AG executive Robert Wolf, ex-Lazard Inc. global head Antonio Weiss, and Bank of America Corp. New York president Jose Tavarez. While the final composition remains fluid, these invitations signal an attempt to integrate institutional expertise into the mayor's economic development strategy. A spokesperson for the mayor confirmed the initiative, stating the goal is to gather insights to improve the lives of all New Yorkers. This outreach represents a significant shift in how the mayor engages with the business elite. Mamdani has previously maintained a contentious relationship with high-net-worth individuals and major corporations, frequently clashing with figures like Citadel's Ken Griffin and Amazon.com Inc. founder Jeff Bezos. By replacing a corporate-focused fundraising board with a new advisory body, the administration is attempting to redefine its relationship with the private sector on its own terms. Why this matters. For investors and business leaders, this development suggests a potential thaw in the frosty relationship between City Hall and the financial sector. However, the efficacy of this council remains an open question. Critics and political strategists note that for such a group to be meaningful, it must possess the independence to provide candid, corrective feedback rather than serving as a rubber stamp for existing policy. Most mayors have a kitchen cabinet of business leaders they turn to for input on the economy and relevant policy issues. Industry professionals should monitor whether this council influences the mayor's stance on taxation and corporate regulation. If the administration successfully incorporates these voices, it could lead to more balanced economic policies; if the council is perceived as purely performative, it may do little to alleviate the underlying tensions between the mayor's progressive agenda and the city's business interests. The bottom line. Mayor Mamdani's outreach to top-tier financial executives signals a pragmatic attempt to stabilize his economic policy, though the long-term impact will depend on whether he grants the council genuine influence. Original source: Fortune This article has been processed and analyzed by TrendPulse AI for informational purposes. Content may have been summarized or restructured for clarity.
Lazard Asset Management appoints two senior leaders to advance strategic growth and platform innovation. July 27, 2026 Downloads. New York, NY, July 27, 2026 - Lazard Asset Management (LAM) today announced the appointment of two senior leaders as it advances its long-term growth strategy: Chris Bricker joins as Head of Corporate Development, and Theodore P. "TP" Enders joins as Head of Product. The appointments underscore LAM's deliberate focus on expanding the investment capabilities, solutions, and access that meet evolving client needs and support its next phase of growth, while preserving the active-management heritage that has long distinguished the firm. "These appointments add two complementary capabilities at an important point in LAM's evolution. Chris and TP are highly respected operators in our industry," said Chris Hogbin, CEO of Lazard Asset Management. "Chris has over three decades of experience and brings a disciplined approach to sourcing, structuring, and integrating strategic opportunities. TP has spent his career building world-class product functions with a rigorous, client-led approach to product strategy, aligning investment capabilities, client demand, and commercial priorities. Together, they will help us make deliberate choices about where we invest, how we grow and how we deliver differentiated solutions to clients globally. We are delighted to welcome them to Lazard." Chris Bricker, Head of Corporate Development. Mr. Bricker will lead LAM's corporate development and strategic growth agenda. His focus will be on opportunities that build on the firm's investment strengths, broaden its client offering, and extend its reach in priority areas. He will report to Chris Hogbin, Chief Executive Officer of Lazard Asset Management. Mr. Bricker joins from AllianceBernstein, where he spent more than three decades and most recently served as Head of Corporate Development and a member of the Operating Committee. Over his career he led a broad range of strategic transactions and partnerships, and helped guide one of the firm's largest product build-outs; he previously ran AllianceBernstein's public alternatives business and led product strategy and M&A. "Opportunities to help define how a firm of this caliber grows, rather than simply extend what already exists, are rare," said Mr. Bricker. "Lazard Asset Management has the ambition and the platform to pursue growth to better serve clients. That prospect is what drew me here, and I am excited to work with Chris Hogbin and colleagues across Lazard to help position the business for the future." Theodore P. "TP" Enders, Head of Product. Mr. Enders will lead LAM's global product strategy, with responsibility for shaping the continued evolution of the firm's product platform across investment strategies, vehicles, client channels, and markets. Working closely with the firm's investment, distribution, and regional leadership, he will help prioritize the capabilities and solutions where LAM is best positioned to differentiate and grow. He will focus on strengthening Lazard's ability to translate investment expertise into focused, scalable, and client-relevant solutions. He will report to Rosalie Berman, Lazard Asset Management's Chief Operating Officer. Mr. Enders joins from Goldman Sachs, where he spent more than two decades as a Managing Director in Goldman Sachs Asset Management. Most recently Head of CIO Portfolio Strategy, he previously served as Global Head of Public Product Development, leading a global team. In that role he helped drive the integration of a major European acquisition, oversaw Goldman's first mutual-fund-to-ETF conversion, and launched a suite of option-based income ETFs. Mr. Enders said: "In more than two decades in this industry, I have long admired Lazard as one of the most respected names in active management, with a track record and a client franchise that few can match. The vision and ambition that the business has set out for the future is compelling, and I'm excited to help shape the product function with the rigor and discipline that vision demands." Building for LAM's next phase of growth. Together, Mr. Bricker and Mr. Enders will help translate LAM's strategic priorities into a deliberate, client-led agenda, designed to deliver profitable growth. Their work will support LAM's continued evolution, determining where the firm can best serve clients and how to bring new investment capabilities to market effectively in support of the firm's Lazard 2030 plan. About Lazard Founded in 1848, Lazard is the preeminent financial advisory and asset management firm, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. Lazard is listed on the New York Stock Exchange as Lazard, Inc. under the ticker LAZ. For more information, please visit Lazard.com and follow Lazard on LinkedIn. Media Contact Aziz Nayani INVESTOR CONTACT William Murdock More news & announcements. July 23, 2026 Press releases July 22, 2026 Press releases July 13, 2026 Press releases
Investment banking restructuring: Lazard overhauls advisory business amid 91% profit drop. Wall Street advisory firm Lazard (NYSE: LAZ) reported a 91% plunge in Q2 profit, prompting CEO Peter Orszag to launch a major restructuring of its financial advisory unit to refocus on high-margin sectors and U.S. IPO advisory. Key financial results & metrics. - Net Income Collapse: Q2 net income fell to $5 million ($0.03/share), down 91% from $55 million ($0.52/share) in Q2 last year. - Adjusted EPS Miss: Reported $0.12 per share, missing Wall Street consensus estimates of $0.35 per share (impacted by an elevated Q2 tax provision of $24M). - Advisory Underperformance: Financial Advisory revenue fell 9% YoY, leading Lazard to cut over 80 Managing Directors (40% of its MD pool) to reallocate capital into healthcare, industrials, and defense tech. - Asset Management Record: Asset Management revenue surged 23% YoY to $331 million, driving total adjusted revenue up 2% to $786 million (beating expectations of $757.5M). - AUM Growth: Assets Under Management hit a record $285 billion, marking its best H1 net inflows in nearly 20 years. Strategic expansion: non-underwritten U.S. IPO advisory. - Expanding into U.S. Listings: To capitalize on the booming U.S. IPO market (boosted by major public debuts like SpaceX), Lazard is building out an independent U.S. IPO advisory team - advising issuers without underwriting risks, replicating its successful European model. - Productivity Realignment: The bank expects revenue productivity from newly hired and promoted senior bankers to ramp up through 2027. The strategic takeaway. Lazard's aggressive 40% cut to low-productivity Managing Directors highlights the ongoing efficiency drive in global investment banking. By leveraging steady fee income from its $285B Asset Management arm, Lazard is pivoting capital toward high-growth sector coverage and conflict-free IPO advisory services.
Lazard net income plunges 91% over "elevated tax rate" in Q2 2026. Average assets under management were $279bn in the second quarter of 2026, 17% above the level of the second quarter of 2025. Lazard has posted net income of $5m for the second quarter of 2026, a decline of 91% from $55m in the year earlier period, driven by an "elevated tax rate" and weaker revenue in its advisory operations. Average assets under management were $279bn in the second quarter of 2026, up 17% year-over-year (YoY). Second-quarter net revenue was $808m, up 1% from a year earlier. The income tax provision for the quarter was $24m resulting in an effective tax rate of 63.5%. In the second quarter of 2026, asset management net revenue increased 20% to $351m, while financial Advisory net revenue fell by 9% YoY to $450m. Lazard returned $103m to shareholders during the quarter, made up of $49m in dividends, $50m in common stock repurchases and $4m used to satisfy employee tax obligations in place of share issuances linked to vesting equity awards. Lazard CFO Tracy Farr said: "Private Banker International is excited about the momentum and evidence of progress across both of its businesses. This quarter's earnings were impacted by an elevated tax rate, which is not indicative of the full-year rate. "In addition, as we exit the most substantial period of repositioning our advisory talent, the benefits of our growth investments will increasingly mature into earnings. Combined with our focus on operational efficiency, this supports our path toward long-term profitability and shareholder value." The firm had eliminated more than 80 managing director roles as part of a restructuring of its financial advisory business after a subdued performance, reported Reuters. According to the bank, the reductions account for 40% of the total pool. It also said it would recruit bankers in sectors including healthcare, industrials and defence technology. In a post-earnings call, chief executive Peter Orszag said: "That (the cuts) does create this interesting dynamic of kind of a loss of revenue associated with them, even if they were lower productivity, there still is some revenue associated with them." He said revenue from newly hired and promoted bankers was expected to ramp up through 2027. Lazard plans to expand an IPO advisory business in the US, concentrating on advising companies without serving as an underwriter, the news agency added citing the company. Lazard chairman and CEO Peter Orszag commented: "Lazard continues to progress toward our 2030 objectives, with underlying trends reinforcing our confidence in our long-term growth strategy." Give your business an edge with its leading industry insights.