Start Time: 08:00 January 1, 0000 8:33 AM ET
Lazard Ltd (NYSE:LAZ)
Q2 2023 Earnings Conference Call
July 27, 2023, 08:00 AM ET
Company Participants
Kenneth Jacobs - Chairman and CEO
Mary Ann Betsch - CFO
Evan Russo - CEO, Asset Management
Peter Orszag - CEO, of Financial Advisory
Alexandra Deignan - Head of IR, Treasury and Corporate Sustainability
Conference Call Participants
Ryan Kenny - Morgan Stanley
Brendan O’Brien - Wolfe Research
Devin Ryan - JMP Securities
Jim Mitchell - Seaport Global
James Yaro - Goldman Sachs
Brennan Hawken - UBS
Operator
Good morning and welcome to Lazard's Second Quarter 2023 Earnings Conference Call. This call is being recorded. Currently, all participants are in a listen-only mode. Following the remarks, we will conduct a question-and-answer session. Instructions will be provided at that time. [Operator Instructions].
At this time, I will turn the call over to Alexandra Deignan, Lazard's Head of Investor Relations, Treasury and Corporate Sustainability. Please go ahead.
Alexandra Deignan
Good morning, and welcome to Lazard's earnings call for the second quarter and first half of 2023. I'm Alexandra Deignan, Head of Investor Relations, Treasury and Corporate Sustainability. In addition to today's audio comments, we have posted our earnings release and an investor presentation on our Web site. A replay of this call will also be available on our Web site later today.
Before we begin, let me remind you that we may make forward-looking statements about our business and performance. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including, but not limited to, those factors discussed in the company's SEC filings, which you can access on our Web site. Lazard assumes no responsibility for the accuracy or completeness of these forward-looking statements and assumes no duty to update these forward-looking statements.
Today's discussion also includes certain non-GAAP financial measures that we believe are meaningful when evaluating the company's performance. A reconciliation of these non-GAAP financial measures to the comparable GAAP measures is provided in our earnings release and investor presentation.
Hosting our call today are Kenneth Jacobs, Lazard's Chairman and Chief Executive Officer; and Mary Ann Betsch, Lazard's Chief Financial Officer. Mary Ann will start the discussion with an overview of our financial results, then Ken will provide his perspective on the outlook for our business. After that, Ken and Mary Ann will be joined by Peter Orszag, Chief Executive Officer of Financial Advisory; and Evan Russo, Chief Executive Officer of Asset Management as they open the call to questions.