Lazard on Wednesday faced questions about its future after the recent death of its CEO Bruce Wasserstein, even as the investment bank reported better-than-expected Q3 results. Lazard’s Q3 revenues climbed to $412m from $405m a year ago while its net Q3 income of $37m marked a sharp turnround from its $76m year-earlier loss. Steven Golub, interim chief executive, said that “business goes on as usual” despite Wasserstein’s death. See also FT Alphaville on Lazard’s posthumous expense.

This entry was posted by Gwen Robinson on Thursday, October 29th, 2009 at 4:45 and is filed under Capital markets, People. Tagged with lazard. Edit this entry.