The 170-year-old Lazard, a financial advisory and asset management firm, has shown interest in Sri Lanka, with a visit this week by an international delegation, in co-operation with MTI Consulting.
The US$ 2.7 billion global financial advisory firm in conjunction with MTI Consulting, plans to meet officials of the Sri Lankan Government and discuss how Lazard could work with Government in its attempt to divest and attract foreign investments for its large non-strategic assets such as hotels.
Lazard is an international investment bank dedicated to financial advisory and advises on many of the largest and most complex transactions, including advising Starwood Hotels on its sale to Marriott and Hotel Investment Partners on its sale to Blackstone.
It has a sovereign advisory team that has a long and strong track record of advising governments and public entities, advising on more notable transactions than any of its competitors. Globally, Lazard has US$ 249 billion of Assets Under Management and its Asset Management business serves a diverse global client base that includes pension funds, sovereign wealth funds, governments, multinational corporations, financial institutions and high-net-worth individuals.
MTI Consulting is a strategy consultancy and part of an internationally-networked, boutique consultancy network that enables clients to ‘Analyze - Strategize - Realize’ profitable business opportunities.