Investment bank Lazard is having a record-breaking 2017, despite choppy waters in the mergers and acquisitions market.
The firm on Tuesday announced record first-half revenues of $US1.35 billion, soaring past analyst expectations.
The bulk of Lazards business comes from asset management and its M&A and advisory business, which pulled in $US585 million and $US571 million during the first half, respectively.
But dont overlook the companys restructuring business. The unit is experiencing a resurgence amid the ongoing retail apocalypse, with revenues growing 53% to $US176 million in the first half.
The business, which offers advisory services to troubled companies looking to overhaul or clean up their capital stru…
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