Lazard Capital Markets is a New York

New York

New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...

-based investment bank founded in 2005 in a spin-off

Spin out

A spin-out, also known as a spin-off or a starburst, refers to a type of corporate action where a company "splits off" sections of itself as a separate business....

 from its parent Lazard

Lazard

Lazard Ltd is the parent company of Lazard Group LLC, a global, independent investment bank with approximately 2,300 employees in 42 cities across 27 countries throughout Europe, North America, Asia, Australia, Central and South America...

.

Lazard Capital Markets focuses its activities on equity research, sales and trading; fixed-income and convertible bond sales

Bond market

The bond market is a financial market where participants can issue new debt, known as the primary market, or buy and sell debt securities, known as the Secondary market, usually in the form of bonds. The primary goal of the bond market is to provide a mechanism for long term funding of public and...

 and trading; and securities underwriting

Underwriting

Underwriting refers to the process that a large financial service provider uses to assess the eligibility of a customer to receive their products . The name derives from the Lloyd's of London insurance market...

. The firm maintains a business alliance agreement with Lazard that provides for the continuation of certain historical business relationships including origination of transactions.

External links

• Lazard Capital Markets website