Lazard Expands Its Sports Advisory Team
Lazard, Inc. (NYSE: LAZ) has taken a significant step towards enhancing its advisory capabilities by appointing Stephen Finkel as Managing Director and the Global Head of Sports Advisory. This move is part of the firm’s ongoing effort to solidify its presence in the dynamic sports advisory sector.
New Additions to the Advisory Team
Along with Finkel, Lazard has also welcomed Manoel Carvalho as a Managing Director and Bryan Tannenbaum as a Vice President in the Media, Entertainment & Sports advisory group. These strategic appointments illustrate Lazard's commitment to bolstering its advisory services, ensuring robust support for its clients in this specialized sector.
The Growth Strategy Behind the Appointments
The addition of these talented individuals is a testament to Lazard's successful global recruiting initiatives as the firm continues to implement its long-term growth strategy. The expertise brought in by Finkel, Carvalho, and Tannenbaum enhances the firm's capabilities and resources in sports advisory, preparing them to tackle the unique challenges and opportunities in this vibrant industry.
An Evolving Sports Industry Landscape
According to Ben Braun, the Global Head of Media, Entertainment & Sports at Lazard, sports are increasingly recognized as a unique global asset class. As fan engagement continues to surge within a fragmented content ecosystem, Lazard's well-established brand, resources, and capabilities uniquely position it to support clients in navigating this evolving landscape.
Stephen Finkel's Background
Stephen Finkel joins Lazard from Guggenheim Securities, where he served as a Senior Managing Director leading their sports advisory practice. His extensive background in sports and media encompasses significant roles at Rothschild & Co and Credit Suisse, and he also brings legal expertise from his time as a corporate attorney. In addition to his advisory role, Finkel is an Adjunct Associate Professor at New York University’s Stern School of Business, indicating his commitment to education and industry knowledge dissemination.
Manoel Carvalho's Experience
Manoel Carvalho, another key addition, previously served as a Managing Director focused on sports, media, and entertainment at Guggenheim Securities. His career traces back to Rothschild & Co within the Technology, Media, and Telecom group, and he began his professional journey in consulting with Deloitte. His insights into the convergence of technology and media will be invaluable as Lazard navigates the complex sports advisory landscape.
About Lazard
Founded in 1848, Lazard is recognized as one of the foremost financial advisory and asset management firms globally, with extensive operations across North and South America, Europe, the Middle East, Asia, and Australia. The firm specializes in a range of advisory services, including mergers and acquisitions, capital markets consulting, restructuring initiatives, and geopolitical analysis.
Lazard's clientele includes a wide array of institutions, corporations, and high-net-worth individuals seeking strategic guidance and investment solutions. Their deep industry knowledge, paired with a global reach, enables them to offer tailored solutions that meet the specific needs of their diverse clients. As the firm continues to develop its capabilities, it remains dedicated to providing exceptional advisory services that drive success in the marketplace.
Frequently Asked Questions
Who is Stephen Finkel?
Stephen Finkel is the newly appointed Managing Director and Global Head of Sports Advisory at Lazard, bringing substantial experience from Guggenheim Securities and Rothschild & Co.
What recent changes have occurred at Lazard?
Lazard has enhanced its advisory capabilities by appointing Stephen Finkel, Manoel Carvalho, and Bryan Tannenbaum to its Sports and Media advisory team.
What is Lazard known for?
Lazard is renowned for its financial advisory and asset management expertise, providing strategic guidance in mergers, acquisitions, and capital markets.
How does Lazard define sports as a global asset class?
Lazard views sports as a unique global asset class due to strong fan engagement and evolving content delivery, showcasing the firm’s strategic positioning in this sector.
Where does Lazard operate?
Lazard operates globally with a presence in North and South America, Europe, the Middle East, Asia, and Australia, offering a diverse range of advisory services.
