Investment Banking

Lazard pushes ahead with dealmaker hiring spree as revenues hit record high

The current deal boom is as 'good as we've ever seen', said chief executive Ken Jacobs

Ken Jacobs
Ken Jacobs Photo: Getty Images

Independent investment bank Lazard has hired 24 senior investment bankers and advisors this year and is continuing to bolster dealmaker numbers amid a boom that is as "good an M&A environment as we've ever seen", according to its chief executive Ken Jacobs.

Lazard unveiled record third quarter revenues of $702m, an increase of 23% on the back of a surge in dealmaking activity that has hauled in $93bn across the industry in the first nine months of 2021.

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