Lazard Debt Recovery Management (New York)

Lazard Debt Recovery Management is a pension cosultant based in New York. It manages $25.25 million of regulatory assets for 1 client accounts. It has been registered with the SEC as an adviser since 2001.

Lazard Debt Recovery Management provides portfolio management for individuals and small businesses and portfolio management for pooled investment vehicles. It doesn't provide financial planning services to its clients. On top of advisory services, the firm doesn't engage in other business activities.

Lazard Debt Recovery Management: assets under management

The assets under management (AUM) of Lazard Debt Recovery Management is $25.25 million, all of which is managed in discretionary accounts. The company doesn't manage any assets belonging to foreign clients.

The firm manages $25.25 million in discretionary accounts. On average, the discretionary accounts where all decisions are made on behalf of the client hold $25.25 million each.

Fees & Commissions

The advisory firm has several streams of revenue. Clients pay Lazard Debt Recovery Management for their services and products based on a percentage of assets under management and performance-based fees. Compensation based on assets under management promotes a long-term relationship between a client and the adviser and helps align mutual interests. These fees don’t include brokerage commissions, interest, taxes, and other account expenses.

Careers at Lazard Debt Recovery Management

Andrew Jon Herenstein has been acting as President since 1 Mar 2001. Eurazeo joined the executive team most recently as the Owner.

Direct owners and executive officers

Name	Entity	Date acquired	Ownership	Employer ID
Lazard Freres & Co. Llc	Parent	1 Mar 2001	75% - 100%	2528
Lazard Llc	Member of lf&co.llc	1 Mar 2001	75% - 100%	51-027809
Ali Edward Wambold	Managing director	1 Mar 2001	Other	822396
Michael Andrew Weinstock	Managing director	1 Mar 2001	Other	1389494
Andrew Jon Herenstein	Director	1 Mar 2001	Other	1536094

Indirect Owners

The SEC currently registers 12 indirect owners.

Name	Entity	Date acquired	Ownership	Employer ID
Societe Immobiliere Marseillaise	Shareholder	1 Jun 1984	25% - 50%	none
Rue Imperiale De Lyon Sa	Shareholder	1 Jun 1984	50% - 75%	none
Societe Civile Haussmann Percier	Shareholder	1 Jun 1984	50% - 75%	none
Maison Lazard Cie	Shareholder	1 Jun 1984	50% - 75%	none
Michel Alexandre Davidweill	Chairman, executive committee	1 Mar 2000	Other	603005
Bruno Max Roger	Member - executive comitte	1 Mar 2000	Other	2209250
William Ray Loomis	Member - executive committee	1 Mar 2000	Other	1239467
Malesherbes	General member	1 Mar 2000	25% - 50%	none
Gerardo Braggiotti	Member - executive committee	1 Mar 2000	Other	3098249
Kenneth Marc Jacobs	Member - executive committee	1 Mar 2000	Other	1005407
Norman Eig	Member - executive committee	1 Mar 2000	Other	1094225
Eurazeo	Owner	1 Apr 2001	75% - 100%	none

Based in New York

The principal office where Lazard Debt Recovery Management performs its advisory services is located at 30 Rockefeller Plaza, 59 Th Fl., New York, NY 10112, which is also the mailing address of the firm. It doesn’t run an office outside of the United States.

You can reach the main office by calling the phone number 212-632-6000 or by fax 212-332-5914. The normal business hours are 9:00 am - 5:00 pm on Monday - Friday.