Peter Orszag, chief executive officer of Lazard Inc., during an interview for an episode of "The David Rubenstein Show: Peer-to-Peer Conversations" in New York, US, on Friday, Sept. 6, 2024. Many young Wall Street bankers are hungry for interesting work and willing to put in long hours Orszag said, as the industry grapples with how to manage the workloads of its junior employees. Photographer: Michael Nagle/Bloomberg via Getty Images

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Lazard’s dealmaking fees jump 39% amid senior banker hiring spree

Investment Banking Editor

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Lazard posted a 39% increase in dealmaking fees during the third quarter as investment banks were buoyed by a bounce-back in transactions.

The independent investment bank made $371m during the third quarter, up by 39%, as it continued to hire senior dealmakers. 

The independent investment bank has hired 16 managing directors this year

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