Lazard Appoints Tracy Farr as New Chief Financial Officer
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The latest announcement is out from Lazard ( (LAZ) ).
On January 29, 2026, Lazard announced that long-time insider Tracy Farr has been appointed Chief Financial Officer, effective February 1, 2026, succeeding Mary Ann Betsch, who became CFO in 2022 and will move to a senior advisor role through June 30, 2026 to support the transition. Farr, a 20-year finance veteran who joined Lazard in 2013 and most recently served as a managing director in the Capital Structure Advisory group and on corporate development and strategy initiatives, steps into the role with a mandate from CEO Peter Orszag to drive operational efficiency, profitable growth and progress toward the firm’s Lazard 2030 goals while deepening engagement with the investment community. Betsch, credited with strengthening Lazard’s global finance function, advancing reporting and planning, overseeing the firm’s transition to a C‑corporation and broadening shareholder engagement, will receive continued salary, benefits and equity vesting during her advisory period and severance benefits after her separation, while Farr’s compensation package is aligned with other executive officers, underscoring a carefully managed leadership handover that aims to preserve continuity in financial strategy and investor relations.
The most recent analyst rating on (LAZ) stock is a Buy with a $62.00 price target. To see the full list of analyst forecasts on Lazard stock, see the LAZ Stock Forecast page.
Spark’s Take on LAZ Stock
According to Spark, TipRanks’ AI Analyst, LAZ is a Neutral.
LAZ scores 64 primarily due to mixed financial performance (declining revenue/FCF growth and high leverage) tempered by solid margins and cash conversion. The earnings call was a notable positive, citing record advisory results, improving productivity, and guidance for stronger 2026 activity/flows, though Q4 outflows and cost pressures remain risks. Technicals are moderately supportive with price above key moving averages and positive MACD, while valuation is reasonable and supported by a 3.8% dividend yield.
To see Spark’s full report on LAZ stock, click here.
More about Lazard
Founded in 1848, Lazard is a global financial advisory and asset management firm with operations across the Americas, Europe, the Middle East, Asia and Australia. The company advises on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics and other strategic matters, and also provides asset management and investment solutions to institutional investors, corporations, governments, partnerships, family offices and high net worth individuals. Lazard is listed on the New York Stock Exchange under the ticker LAZ.
Average Trading Volume: 930,652
Technical Sentiment Signal: Strong Buy
Current Market Cap: $5.1B
Learn more about LAZ stock on TipRanks’ Stock Analysis page.
