Lazard Asia/Hong Kong
Hi everyone,
thanks for reading this in advance. I have landed an internship offer from Lazard HK, and probably can obtain a return offer after that. Read some posts saying that the dealflow at Laz asia was shithole 5 years ago. I'm wondering if that's still the case now. Anyone familiar?
Let's say my ultimate goal is a tier 1 PE shop offer. Should take the FT offer from Laz HK, given its weak dealflow, or do a master first and try to get a BB offer first?
Appreciate all of your comments!
I believe the team at Lazard HK regularly work with the offices in the other geographies (i.e. Singapore)
One possible option would be for you to try out the internship (assuming no time constraint on your side), and get a sense of the dealflow for yourself. I understand that at Lazard Asia, given its smaller headcount relative to BBs, analysts are able to travel within the region to be actively involved in the deal process.
My experience in Asia was that clients don't want to pay for advice. Fees meant deploying your balance sheet, so balance sheet lean, quality of advice only operations like Lazard were challenged.
It may have changed in the 12 months I've been out of Asia, although I doubt it.
Lazard significantly scaled down its operations in Asia over the past 1-2 years. Head left to HL... and cut a significant amount of bankers...
Believe the only elite boutiques that continues to have a strong presence in HK are Rothschild, Moelis and Jefferies. Tho Evercore is slowly growing its presence in Asia as well
Anyone have experience at Lazard HK? Contemplating a summer offer atm.
Evercore is definitely growing its Singapore team but they are only looking to hire people mainly from the BB (There are a lot of people who got fired recently and Evercore didn't take them in). With regards to Lazard's small head count, they have been taking in interns for semester long internship every semester to handle their work. On a side note, with regards to Lazard Asia, you can definitely check out their transactions in Asia and form your own opinion.
The excel spreadsheet for Lazard transactions can be found at: Lazard Website -> Transactions -> "Download Transactions"
Offer decision - Lazard Asia/Hong Kong/Beijing (Originally Posted: 08/27/2015)
Received an offer from Lazard in their Asia office. I am a lateral hire and eventually want to be placed into a mega PE fund. Any thoughts or advice would appreciated.
Thanks.
Any thoughts over this? Thanks.
Lazard Asia Pacific Summer Analyst Positions? (Originally Posted: 12/06/2011)
I was wondering if Lazard's Financial Advisory division had a specific program for undergraduates at its Asia-Pacific offices? The website says:
"If you are interested in an Analyst or Associate position please apply directly to the office you are interested in. The address details for the individual Lazard offices can be accessed on our global contacts page."
Does this mean go straight to the office? Call them?
Does anyone have experience with Lazard in the Asia-Pacific region?
Any advice/comments/response will be much appreciated!
send them your CV and cover letter, brah. if they be interested, they get in touch with you. not sure about the chances though.
Lazard hong kong (Originally Posted: 02/25/2011)
I know this has been discussed before. I just want to check the life style, culture, dealflow, etc. in Lazard HK. Some friends said hours are better than NY/UK offices, especially if you advance to VP+ levels. Please add your input.
I only know this from second hand, but my impression is that their hours are better only because their deal flow is weak.
Anyone know whether that's true?
Its not only about the company...you' ll be living in Hong Kong..lived there before returning to Amsterdam and I fucking loved it...the nightlife, women, opportunities, freedom...
By reading this one can assume there aren't any nightlife, women or opportunities in NYC...
Fine. But freedom, weather....
And assumption is the mother of all fuck-ups...again it shows
bump
are you implying that HK doesn't have freedom?... ^
I'm saying it has more freedom than the U.S. Particularly, you can drink in public out on the streets.
Lazard HONG KONG SA (Originally Posted: 10/27/2013)
anyone else applying for Lazard HK? I know this might come off as stupid but I seriously cannot find this job position on their job vacancies search and there's not a session dedicated for internship stuff like a lot of BB do. Anyone know how ppl usually apply for this? btw I do find sa position for a lot of locations in US but can't find anything asia related hmmmm
Most Asia boutique/MM don't have structured internship programs.
I believe Lazard recently restructured its Hong Kong/Asia team... Looks like they cut a few bankers so I don't think they will be actively looking for interns.
Are you based in Hong Kong? I'm working here right now, and was in touch with Lazard's head of HR a few months ago. Most of their internships are based out of Beijing, according to her.
Agreed. Try their Beijing office as they are scaling down its HK office (expanding presence in Mainland instead). But keep in mind that being native/fluent is almost a "must" given the focus on Chinese clients
I have little experience with Lazard in Hong Kong but if they are anything similar to the Singapore (South East Asia) office, then they will only recruit from selected regional schools through their respective OCRs.
Worth a shot to apply anyway OP. Like NingaMonkeyBall said most boutiques/MMs in Asia don't have a structured internship program. Instead it's on an as needed basis, or if they happen to see someone they like, they'll bring them on for a summer if they feel like they could use someone around to help with profiles, pitches or whatever. And because it's unstructured, someone (be it VP, associate, or analyst) will likely at least take a 30 second skim of your resume or maybe entertain a phone call if they think you have an ok resume, as opposed to going through the HR filter.
Not sure about Lazard, but I've spoken and seen some students just network their way into interviews and subsequent offers from MM/boutiques in HK.
Anyone have experience at Lazard HK? Contemplating a summer offer atm.
Lazard HK (Originally Posted: 02/04/2010)
Does anyone know anything about Lazard HK? Deal flow? Hours? Sectors covered? Comp? Asking for a friend who's looking, thanks. They're good in the US but I know next to nothing about their HK office..
Lazard HK is a shithole. Even Piper Jaffray has more dealflow in Asia (not joking)
STOP with the bashing of Piper Jaffray, they are a fine establishment. Wish I were there now.
Wish I were at Bank of Ameria. The most elite and prestigious bank ever --- Chiang Chiang Jeffrey and 1styearbanker both work there!
Lazard Asia is not Lazard IMO
SirBakealot - why is it a shithole? Just no dealflow? Or is it a bad environment?
SarahP - why?
^^^^ deal flow is non-existent. I dont know about the culture but it is a tiny office. I had a friend who turned it down to join a local consulting firm in HK.
Is this for SA or FT?
SirBakealot - This is for a 2nd year lateral. What kind of work do they do if any? Work with their NY guys all the time?
They don't work with NY. They mostly co-work with other BB in HK, only taking ridiculously tiny commissions.
Lazard Asia is something apart. I am just curious why they don't want to put enough money there to get some top bankers, you know, in Asia, relationship is all. Their name there is not as sound as that in the EU/US neither.
btw, they are advising pru for the aia thing, a markable deal for years.
bump.
I'm curious as to whether the comments above are still representative of Lazard's presence in Asia.
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