Lazard Ltd. (NYSE:LAZ) Q2 2020 Earnings Conference Call - Final Transcript
Jul 31, 2020 • 08:00 am ET
Kenneth M. Jacobs
in markets and dispersion of returns resulting from the pandemic should create stronger demand for active management.
This, combined with stronger investor emphasis on sustainability, positions us well for the long term. Regardless of the pace of economic recovery, Lazard is well positioned to weather this period of uncertainty with a diversified business model, a global client base, an unrivaled expertise in strategic advisory, restructuring and asset management solutions. Our business model is highly cash-generative and has proven its strength and resilience across numerous business cycles. We remain focused on serving our clients well, while we manage the firm for profitable growth and shareholder value over the long term.
Now let's open the call to questions. Thank you.