Lazard beats profit estimates as dealmaking picks up, asset management gains

Core Viewpoint - Lazard exceeded fourth-quarter profit estimates, driven by robust growth in its advisory and asset management sectors [1] Group 1: Financial Performance - The company reported strong growth in its advisory business, contributing significantly to the overall profit [1] - Asset management also showed substantial growth, further enhancing the company's financial results [1] Group 2: Leadership Changes - Lazard appointed insider Tracy Farr as the new chief financial officer, indicating a strategic move to strengthen its leadership team [1]