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The long-serving dealmaker will remain at the firm amid expectation Peter Orszag will take over the CEO role

Investment Banking Editor

Ken Jacobs, the dealmaker who headed independent investment bank Lazard for 14 years, is set to step down.

Jacobs is expected to be replaced by Peter Orszag, who runs its financial advisory unit and was previously an adviser to former President Barack Obama, 

Lazard chief executive Ken Jacobs set to step down

The long-serving dealmaker will remain at the firm amid expectation Peter Orszag will step in as CEO

Paul Clarke

Citigroup

Lazard

Banking

Finance

Investing

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Alain Courbebaisse will take on role in the new year

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Find out who is on the move in the City and beyond this week

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In a 12-hour social-media barrage, the world’s richest man led a rebellion against a bill aimed at keeping the government funded.

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Aides kept meetings short and controlled access, top advisers acted as go-betweens and public interactions became more scripted. The administration denied Biden has declined.

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Indexes were lower in Europe’s morning trade, as markets digested hawkish comments from the Fed’s Powell which left investors blindsided, Richard Hunter, Head of Markets at Interactive Investor, said.

European Indexes Fall on Slower U.S. Rate Cut Projections

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