Lazard opens Melbourne office



Lazard Asset Management (LAM) has announced its will expand its sales and distribution operations in Australia by opening an office in Melbourne.
The company also said that Adam Tweedale would join its Melbourne office as distribution manager for the southern region and be responsible for LAM sales and marketing in the region.
Prior to that, Tweedale was a state manager for Copia Investment Partners and a director of distribution at Bennelong Funds Management.
LAM Pacific first launched its operations in Australia in 1994 and currently serves Australian clients with a range of Australian equity, global listed infrastructure, global equity, emerging markets and fixed income strategies.
Recommended for you
Women are expected to inherit US$124 trillion through the intergenerational wealth transfer, but Capital Group has found they are twice as likely to rely on social media for advice over a financial adviser.
Challenger Investment Management has raised $350 million during the offer period for its new ASX-listed investment structure.
A week after Lonsec downgraded multiple funds from Metrics Credit Partners, rival research house Zenith Investment Partners has opted to retain its ratings for the same funds.
Strong adviser engagement has helped Praemium reach $1 billion in inflows on its Spectrum offering, with a deal with Western Australian wealth firm Euroz Hartleys expected to add as much as $2 billion.