Lazard Asia/Hong Kong

Oscar RJ-J's picture
Rank: Monkey | 34

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!

Comments (38)

Jan 10, 2015

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.

Jan 10, 2015

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.

Jan 15, 2015

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

    • 1
Jun 2, 2015

Anyone have experience at Lazard HK? Contemplating a summer offer atm.

Jun 2, 2015

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"

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Jun 2, 2015

Any thoughts over this? Thanks.

Jun 2, 2015

send them your CV and cover letter, brah. if they be interested, they get in touch with you. not sure about the chances though.

GS, BX. Will work for prestige.

Jun 2, 2015

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?

Jun 2, 2015

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...

Jun 2, 2015
MPE:

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...

Jun 2, 2015
MPE:

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...

Fine. But freedom, weather....

Jun 2, 2015

And assumption is the mother of all fuck-ups...again it shows

Jun 2, 2015

bump

Jun 2, 2015

are you implying that HK doesn't have freedom?... ^

Jun 2, 2015

I'm saying it has more freedom than the U.S. Particularly, you can drink in public out on the streets.

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Jan 15, 2015

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.

Jun 2, 2015

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.

Jan 15, 2015

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

Jun 2, 2015

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.

Jun 2, 2015
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.

Jun 2, 2015

Anyone have experience at Lazard HK? Contemplating a summer offer atm.

Jun 2, 2015

Lazard HK is a shithole. Even Piper Jaffray has more dealflow in Asia (not joking)

Jun 2, 2015

STOP with the bashing of Piper Jaffray, they are a fine establishment. Wish I were there now.

=========================================
We are excited to formally extend to you an offer to join Bank of Ameria

Jun 2, 2015
PiperJaffrayChiang:

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!

Jun 2, 2015

Lazard Asia is not Lazard IMO

Jun 2, 2015

SirBakealot - why is it a shithole? Just no dealflow? Or is it a bad environment?

SarahP - why?

Jun 2, 2015

^^^^
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?

Jun 2, 2015

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?

Jun 2, 2015

They don't work with NY. They mostly co-work with other BB in HK, only taking ridiculously tiny commissions.

Jun 2, 2015

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.

Jun 2, 2015

bump.

I'm curious as to whether the comments above are still representative of Lazard's presence in Asia.

Jun 2, 2015
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Mar 22, 2017
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