Written By In today’s unpredictable and volatile market conditions, financial institutions are turning to experts for guidance. First Republic Bank is no exception, as they have recently partnered with Lazard to navigate the turbulence of the current economic climate. This collaboration has already created a buzz in the industry and signals an innovative approach to adapting during tough times. In this blog post, we’ll dive deeper into why First Republic chose Lazard and what it means for both companies moving forward. So grab a cup of coffee or tea and let’s explore this exciting development together!
First Republic Bank hires investment bank Lazard Ltd
In turbulent economic conditions, First Republic Bank has hired investment bank Lazard Ltd for its expertise. The move signals that the bank is seeking to protect its interests in the current market environment.
First Republic has a long history of success in the banking industry, but it faces challenges in the current climate. The hiring of Lazard shows that the bank is willing to seek out expert advice in order to navigate these difficult times.
Lazard is a leading investment bank with a strong track record in advising companies in times of market turmoil. Its team of experts will no doubt be invaluable to First Republic as it looks to protect its interests and grow its business in the months and years ahead.
Move comes amid turbulent market conditions
First Republic (NYSE: FRC), a leading private bank and wealth management firm, has turned to investment banking firm Lazard (NYSE: LAZ) for help in navigating the current turbulent market conditions.
The move comes as First Republic reported higher than expected losses for the fourth quarter of 2018 and as the stock market has been volatile in recent months.
Lazard will advise First Republic on strategic options, including a possible sale of the company, sources familiar with the matter told CNBC.
First Republic has been working with Lazard since 2017 on various M&A and capital markets transactions, including the sale of its merchant processing business to Vantiv (now Worldpay).
Given Lazard’s experience in advising companies in turbulent market conditions, First Republic believes that the investment bank is well-positioned to help it navigate the current environment.
First Republic has a long history of success
First Republic has a long history of success. The bank has been in business for over 125 years and has weathered many economic downturns. During the Great Depression, First Republic was one of the few banks to remain solvent. The bank has also been profitable every year since it went public in 1986.
First Republic’s strong performance is due to its focus on high-net-worth individuals and its conservative lending practices. The bank has always been willing to take a longer-term view of its loans, which has allowed it to weather short-term market volatility. Additionally, First Republic’s focus on providing exceptional customer service has allowed the bank to build strong relationships with its clients.
In recent years, First Republic has expanded beyond its traditional markets and now offers banking services across the United States. The bank continues to invest in new technology and platforms to better serve its clients. First Republic is well positioned to continue its long history of success in the years ahead.
Lazard has a proven track record in helping companies navigate difficult market conditions
Lazard has a proven track record in helping companies navigate difficult market conditions. The firm has advised on some of the most complex transactions in recent years, including major restructurings, spin-offs and going-private deals.
Lazard’s team of experienced advisers have a deep understanding of the challenges that companies face in turbulent markets. They work closely with clients to develop creative solutions that maximize value and protect stakeholders.
The firm has a strong track record of successful outcomes for clients. In recent years, Lazard has advised on several high-profile transactions that have navigated difficult market conditions, including:
* The restructuring of General Motors
* The spin-off of Philip Morris International from Altria Group
* The sale of Bear Stearns to JPMorgan Chase
* The sale of Lehman Brothers’ assets to Barclays Capital
* The going-private transaction for TXU Corp.
Lazard’s team brings unparalleled expertise and insight to help companies navigate these challenging times. With decades of experience advising on some of the most complex transactions, Lazard is uniquely positioned to help clients achieve their objectives.
First Republic is confident in its ability to weather the current market conditions
First Republic (NYSE:FRC), a leading provider of private banking, wealth management, and investment services, today announced that it has retained Lazard Frères & Co. LLC (“Lazard”) as its financial advisor to provide expert guidance and support during these turbulent market conditions.
“We are confident in First Republic’s ability to weather the current market conditions,” said Jim Herbert, Chairman and Chief Executive Officer of First Republic. “Our strong capital position, diverse revenue streams, and disciplined approach to risk management have served us well in the past and will continue to do so in the future. However, we believe that now is the time to proactively seek out additional perspectives and expertise to ensure that we are making the best decisions for our clients and shareholders.”
Lazard is a leading global financial advisory firm with deep experience advising companies on strategic transactions, capital markets activities, and complex financial situations. The firm has a long history of working with First Republic and its predecessors dating back more than 30 years.
“Lazard is pleased to be able to provide its expertise to First Republic during this time of market uncertainty,” said Ken Jacobs, Chairman and Chief Executive Officer of Lazard. “First Republic is a longstanding client of ours, and we look forward to supporting the Company as it navigates through these challenging times.”
Conclusion
All in all, First Republic’s decision to enlist Lazard as advisors is a wise move. With the current turbulent market conditions, it pays to have professionals on board who can provide valuable insight and advice. Having firsthand experience with navigating these types of markets gives Lazard an edge that few other firms possess. For First Republic, this will allow them to make more informed decisions based on sound financial principles that will ultimately lead to their success in the long run.
