Lazard Names AllianceBernstein's Hogbin to Lead Asset-Management Arm

Dow Jones

Sep 08, 2025

By Colin Kellaher

Investment bank Lazard has hired AllianceBernstein veteran Christopher Hogbin as chief executive of its $248 billion Lazard Asset Management unit.

Lazard on Monday said Hogbin, who has spent two decades with AllianceBernstein and currently serves as global head of investments, will join the New York company as managing director and CEO of its asset-management business in December.

AllianceBernstein said Hogbin will leave his post at the end of the month.

Lazard said Evan Russo, who joined the company in 2007 and has been at the helm of Lazard Asset Management since June 2022, will become a senior adviser to CEO Peter Orszag before leaving the firm at the end of June 2026.

Lazard said Russo will continue to receive his base salary at its current rate and will be eligible for severance benefits payable upon a qualifying termination.

Hogbin will receive a base salary of at least $750,000 and guaranteed payment of at least $7.5 million next year, according to the terms of his employment letter contained in a Lazard filing with the U.S. Securities and Exchange Commission.

He will also receive a $16 million equity award as compensation for awards left on the table at AllianceBernstein, along with a cash sign-on bonus of about $3.8 million.

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

September 08, 2025 08:41 ET (12:41 GMT)

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