CIO role established to reinforce investment excellence, deepen global investment connectivity and further enhance Lazard's research-driven platform

Lazard Asset Management ("LAM") today announced that Eric Van Nostrand has been appointed Chief Investment Officer (CIO), a newly created role established to strengthen the cohesion, discipline, and effectiveness of LAM's global investment platform. As CIO, he will be responsible for investment oversight and for advancing the processes that support consistent, long‑term outcomes for clients.

In this role, Mr. Van Nostrand will partner closely with LAM's investment leaders to strengthen portfolio construction standards, deepen research rigor, and elevate coordination across strategies globally. His remit includes oversight of investment processes, driving economic and investment debate across the platform, and ongoing review of strategies and risk frameworks. Portfolio managers will report to the CIO but remain responsible for the investment decisions in their portfolios.

"Establishing the CIO role marks an important evolution in how we support our investors and deliver for clients," said Chris Hogbin, CEO of Lazard Asset Management. "Eric brings a unique combination of investment experience, analytical depth, and organizational leadership. By unifying elements of our investment oversight, we can strengthen analytical rigor, build greater collaboration across teams, and enhance the consistency of our process—all with the goal of driving better and more repeatable outcomes for our clients."

Mr. Van Nostrand most recently served as Global Head of Markets and Chief Economist at Lazard Asset Management. Prior to joining Lazard, he served as Acting Assistant Secretary of the Treasury for Economic Policy, where he led the office responsible for analyzing domestic and international U.S. economic policies and received the Alexander Hamilton Award, the U.S. Treasury's highest honor. Previously, he was a portfolio manager and Managing Director at BlackRock, where he managed systematic equity funds and served as Head of Research for Multi-Asset Strategies. Mr. Van Nostrand holds a JD from Yale Law School and degrees in economics and engineering from the University of Pennsylvania.

"Lazard has long been defined by its commitment to intellectual research and rigorous portfolio management," said Eric Van Nostrand. "Our opportunity now is to harness that expertise even more effectively across our platform to deliver alpha for our clients—elevating our best ideas and sharpening our processes across discretionary and systematic portfolios. I look forward to partnering with our investors to reinforce the culture of curiosity and innovation that has always been at the core of Lazard's analytical approach to investing on behalf of our clients."

The introduction of the CIO role reflects Lazard Asset Management's commitment to scalable, research‑driven processes that strengthen connectivity across teams, deepen integration of risk analytics and technology, and create greater consistency in how the business applies its investment discipline to deliver exceptional outcomes for our clients.

About Lazard

Founded in 1848, Lazard is the preeminent financial advisory and asset management firm, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. Lazard is listed on the New York Stock Exchange as Lazard, Inc. under the ticker LAZ. For more information, please visit Lazard.com and follow Lazard on LinkedIn.

Lazard Asset Management, a subsidiary of Lazard, Inc. (NYSE:LAZ), offers a range of equity, fixed income, and alternative investment products worldwide. As of November 30, 2025, Lazard's asset management businesses managed approximately $250 billion of client assets. For more information about LAM, please visit www.LazardAssetManagement.com.

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Lazard Asset Management Appoints Eric Van Nostrand as Chief Investment Officer