Lazard is a holding company. Through its subsidiaries, Co. operates in two business segments: Co.'s Financial Advisory segment provides clients with a range of financial advisory services regarding mergers and acquisitions and other strategic matters, restructurings, capital structure, capital raising and various other financial matters, to corporations, governments, sovereigns, institutions and individual clients; and Co.'s Asset Management business provides investment management and advisory services, including equity, fixed income, cash management and alternative investment strategies, to its clients. As of Dec 31 2011, Co. had $141.04 billion in assets under management.
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