Investment Banking

Lazard’s new CEO Peter Orszag lays out plan to double revenue, hire dealmakers under new senior team

The former White House adviser has unveiled ambitious goals for Lazard as he prepares to takes over the CEO role next month

Orszag will push for 'a combination of higher productivity per MD and a higher number of MDs'
Orszag will push for 'a combination of higher productivity per MD and a higher number of MDs' Photo: Getty Images

Lazard's new chief executive Peter Orszag has laid out plans to double revenue and hire more senior dealmakers, naming a new top team as the bank prepares for its first leadership change in 14 years.

In an eight-page memo sent to staff seen by Financial News, Orszag has unveiled ambitious goals for Lazard as he prepares to take the helm on 1 October, laying out his vision for how the bank will grow towards 2030.

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