Lazard Asset Management completed the acquisition of a minority stake in Independence Point Advisors.

Lazard Asset Management, a global investment firm that provides investment solutions and advisory services, completed the acquisition of a minority stake in Independence Point Advisors, a women-owned investment bank and advisory firm headquartered in New York City. Financial terms were not disclosed. “We are looking forward to collaborating with Anne, a fantastic and proven leader, and her team, who have a broad network of CEOs, senior executives and board members. IPA brings a new look and feel, and level of perspective and professionalism to Wall Street that fits well with our continuing evolution in modernizing our firm, while providing a broad array of services to clients, supporting diversity and creating commercial opportunities and adjacent businesses.” Peter R. Orszag, Lazard Financial Advisory CEO.