Prugue exits Lazard

Lazard-Asset-Management/people-and-products/

5 February 2018
| By Mike |
image
image
expand image

Industry veteran and head of Lazard Asset Management Asia-Pacific, Rob Prugue has announced he is leaving the business.

The company announced late on Friday that Prugue would be retiring from the asset management industry and would be leaving the business effective 28 February.

The announcement said that the current Managing Director and Head of Sales for Lazard Asset Management, Paul Cuddy would take over as chief executive of Lazard Asset Management Pacific from 28 February.

The company's statement quoted Prugue as describing retirement as "bittersweet".

"I am appreciative of the experiences and growth opportunities that LAM has provided me with over the past 15," his statement said. "I believe that the vibrant and collegial environment I have enjoyed being a part of at LAM, will continue to thrive.”

The company announcement said Cuddy would be responsible for the oversight of the business in Australia and New Zealand and in addition to continuing to grow the institutional business would focus on expanding its retail efforts.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks 1 day ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 6 days ago

TOP PERFORMING FUNDS