Updated
Updated · Bloomberg · Jul 8
Lazard Asset Management CEO Chris Hogbin Names AI Chief, Reworking Firm at 52
Updated
Updated · Bloomberg · Jul 8

Lazard Asset Management CEO Chris Hogbin Names AI Chief, Reworking Firm at 52

1 articles · Updated · Bloomberg · Jul 8

Summary

  • Chris Hogbin made appointing a head of AI one of his first moves after taking over Lazard Asset Management, signaling a broader reworking of the firm.
  • AI’s growing impact on Wall Street is driving the push, with Lazard’s new CEO moving early to position the asset manager for what many see as a major industry transformation.
  • Hogbin, 52, joined from AllianceBernstein after about two decades there, most recently serving as global head of investments.
  • The overhaul comes as Lazard’s asset-management arm gets a leader who has worked in finance since the 1990s and had long aimed to run a money-management firm.

Insights

How will Lazard’s AI overhaul deliver unique profits in Wall Street's expensive tech race?
As AI manages trillions, what hidden risks does this new strategy pose to market stability?