LCM recognizes and appreciates the importance of respecting the privacy of our clients. Our clients’ trust is our most important asset, and we are committed to safeguarding against the unauthorized use of, and access to, client information. Our current Privacy Policy with respect to non-public personal information of our current and former clients is set forth below. This supplements the statements made in our terms of business letter regarding our use of client information.

In order adequately to service our clients, LCM may collect certain non-public personal information about its clients from various sources. In the context of the LCM Research Internet Site, we may collect your name, the name of the financial institution you work for, your e-mail address, and your telephone number. We may collect or ask you to provide this type of information when you send us a personal email, register to receive a LCM service including access to the Site, or otherwise provide information to us whilst using the Site. You do not have to provide this information to us. However, if you choose not to supply this information, we may not be able to offer you our services, including allowing you access to our website. We may use cookies to store and track information about you and your visit to our website. This information is collected automatically and may include demographic data and browsing patterns. An explanation of a cookie may be found at the end of this Privacy Policy.

We may monitor your access to and your use of the LCM Research Internet Site. We limit the collection of information to the minimum amount required to deliver useful products and superior service to our clients, to comply with legal requirements and to support our business needs.

In addition to this website, we may also collect personal non-public information about you from the following sources:

• Information we receive from you on applications, questionnaires, subscription agreements or other forms, including, but not limited to, your name, address, social security number, age, employment information, assets owned and income.
• Information about your transactions with one or more Lazard entities or others, such as your account balance and holdings, payment history and transaction information.
• Information we may receive from our due diligence, such as your creditworthiness and your credit history.
• Information obtained from our communications and correspondence with you.

LCM does not disclose any non-public personal information about its clients or former clients to any non-Lazard third party, except as required by law, regulation or the requirements of its insurers, or to sub-contractors of LCM and/or other Lazard entities who are involved in providing this web site service and who need access to such data. LCM may, however, disclose such non-public personal information to a Lazard entity anywhere in the world in order to provide this web site service to you. Your information may be stored on a computer located outside of the European Economic Area (EEA). Some countries outside the EEA may not have data protection laws that give individuals the same level of protection as those within the EEA. (Details of relevant organizations and countries are available on request.)

In order to maintain the confidentiality of such information, we restrict access to non-public information about our clients to those employees who need to know that information. We maintain physical, electronic and procedural safeguards, in accordance with strict standards, in order to guard the non-public personal information of our clients and former clients. By agreeing to comply with the terms and conditions of this agreement, or by using or accessing this Site you agree that your personal data (including any personal data collected by our monitoring activities) may be utilized by LCM or any Lazard entity anywhere in the world, and may be held and processed by any such Lazard entity, both electronically and manually, for the purposes of a) providing you with this web site service, b) improving this web site service (including system administration and improvement), c) enabling us and other Lazard entities to comply with applicable laws and regulations, and d) to the extent necessary, to assist in any Lazard entity’s administration and/or management of its business.

LCM reserves the right to cooperate fully with local, state or provincial, national, and international officials in any investigation relating to this Site (including personal or private electronic communication transmitted on the Site) or purported unlawful activities of anyone who accesses the Site.

You have the right to receive a copy of all the non-public information about them held by us or other Lazard entities, and the right to correct any errors in that information and to request that it be updated. Please e-mail any questions, concerns or comments you may have about this privacy policy or our use of your personal information to your Lazard representative.

The policies and practices described herein are current policies, and are subject to change in the future.

A cookie is a small piece of information sent by a web server to a web browser. It enables our server to collect information from your browser. Cookies are commonly used on websites. By configuring your preferences and options in your browser, you may determine if and how a cookie will be accepted. If you choose not to accept a cookie, you may not be able to take full advantage of our website or of our services.