Lazard's Legacy and CEO Advisory Dynamics

Peter Orszag is a London School of Economics trained economist, best known for decades for his service in government as part of President Clinton's Council of Economic Advisors, the head of the Congressional Budget Office, and eventually for his Cabinet position as head of President Obama's Office of Management and Budget. But in recent years, he's added "banker" to his impressive resumé, and since 2023, he's been the CEO of Lazard - a boutique investment bank offering clients a traditional M&A advisory, as well as its geopolitical advisory unit. Orszag spoke to David Rubenstein on his ambitious plans for grow Lazard's revenue, navigating the halls of power in Washington and on Wall Street, and what it's like to be an economist running an investment bank. This interview was recorded September 6 in New York.

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