Wall Street Advisory Firm Sees 5% Stock Plunge, CFO Change Fails to Revive Shares

Lazard Inc. (LAZ) closed at $39.11 in New York trading yesterday, down 5.19%, cutting its market capitalization to about $3.67 billion (roughly KRW 5 trillion) and erasing some $180 million (about KRW 240 billion) of enterprise value in a single day. Trading volume was around 1.108 million shares, reflecting higher-than-usual volatility.

On January 29, Lazard reported its fourth-quarter and full-year 2025 results, announcing year-over-year revenue growth in both its advisory and asset management divisions. That same day, the firm named long-time executive Tracy P. as its new Chief Financial Officer, effective February 1, to enhance cost efficiency and reinforce its “Lazard 2030” growth strategy.

Founded in 1848 and headquartered in New York, Lazard is a global financial advisory and asset management firm. It provides M&A, restructuring and capital-raising advice while managing roughly $250 billion in assets under management. Peter Orszag currently serves as Chairman and CEO.