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.

Those who can, do. Those who can't, post threads about how to do it on WSO.
 

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"

 

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...

 
thecoldburns:

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.

 

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.

 

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