Lazard Forms Strategic Alliance With Anne Clarke Wolff and Independence Point Advisors
November 22 2021 - 8:00AM
Business Wire
Women-Owned Investment Bank to Widen
Aperture of Traditional Investment Banking
Lazard Ltd (NYSE: LAZ) and newly launched Independence Point
Advisors (IPA) announced today that they have formed a strategic
alliance, effective immediately, to provide a suite of bespoke
C-suite and board-level services beyond traditional investment
banking.
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the full release here:
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Lazard will hold a minority interest in IPA, which was founded
by industry veteran Anne Clarke Wolff in 2021. IPA’s team of women
and diverse leaders with proven track records will provide clients
a modern approach to investment banking services that complement
Lazard’s M&A, Restructuring and Capital Markets Advisory
businesses. As a result of the alliance, Lazard will be the
exclusive partner on M&A assignments generated by IPA.
“We are looking forward to collaborating with Anne, a fantastic
and proven leader, and her team, who have a broad network of CEOs,
senior executives and board members,” said Peter R. Orszag, CEO of
Lazard Financial Advisory. “IPA brings a new look and feel, and
level of perspective and professionalism to Wall Street that fits
well with our continuing evolution in modernizing our firm, while
providing a broad array of services to clients, supporting
diversity and creating commercial opportunities and adjacent
businesses.”
“Lazard is a preeminent investment bank, and has the right
leadership, culture and forward-thinking approach to business that
make it a perfect match for us,” said Anne Clarke Wolff, Founder
and CEO of IPA. “I look forward to working with our colleagues at
Lazard to widen the aperture of traditional investment banking and
bring clients an unparalleled combination of diverse experience and
authentic perspectives.”
Prior to founding IPA, Wolff has held senior leadership roles
for more than three decades at the largest global investment banks
including Bank of America, JP Morgan and Citigroup.
About Lazard
Lazard, one of the world's preeminent financial advisory and
asset management firms, operates from 41 cities across 26 countries
in North America, Europe, Asia, Australia, Central and South
America. With origins dating to 1848, the firm provides advice on
mergers and acquisitions, strategic matters, restructuring and
capital structure, capital raising and corporate finance, as well
as asset management services to corporations, partnerships,
institutions, governments and individuals. For more information on
Lazard, please visit www.lazard.com. Follow Lazard at @Lazard.
About Independence Point Advisors
Independence Point Advisors (“IPA”) is a women-owned investment
bank and advisory firm that was founded on the belief that today’s
clients have a diversity of opportunities and challenges that
require a diversity of talent to navigate. Through a strategic
alliance with Lazard, IPA will create an unrivalled combination of
diverse perspectives and experience with Lazard’s preeminent brand
in strategic advisory. IPA intends to have a women-owned broker
dealer with best-in-class equity and debt capital markets talent.
IPA has also formed a team of experts at the intersection of global
risk, geostrategy, cyber security, ESG, human capital and board
diversity – top of mind issues facing corporate leaders today. For
more information about IPA, please visit
www.independencepoint.com.
LAZ_FAPE
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version on businesswire.com: https://www.businesswire.com/news/home/20211122005631/en/
Lazard Media Contact: Judi Frost Mackey, +1 212 632 1428
judi.mackey@lazard.com Lazard Investor Contact: Alexandra
Deignan, +1 212 632 6886 alexandra.deignan@lazard.com IPA Media
Contact/s: Nadia Damouni / Remy Marin 1 646 818 9217 / 1 646
818 9298 ndamouni@prosek.com / rmarin@prosek.com
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