Lazard Ltd. is a financial advisory and asset management firm that engages in investment banking, asset management, and other financial services primarily with institutional clients. The company operates in two business segments: Financial Advisory and Asset Management. The Financial Advisory segment offers a range of services regarding mergers and acquisitions, restructurings, capital structure, capital raising, and corporate preparedness. The Asset Management segment provides investment solutions and investment management services in equity and fixed income strategies, alternative investments, and private equity funds to corporations, public funds, sovereign entities, endowments and foundations, labor funds, financial intermediaries, and private clients. Lazard Ltd. was founded in 1848 and is headquartered in New York, New York.