The Marque The Marque
The Marque
About Services Profiles Press Contact

Peter Orszag

CEO, Financial Advisory

Lazard

New York, NY, USA

Peter Orszag
Ben Francis
Gymshark Ltd
John Grayken
Lone Star Funds

Peter Orszag’s Biography

Peter R. Orszag is CEO of Financial Advisory at Lazard Frères & Co LLC. He leads the firm’s advisory businesses that serve companies and governments across the globe. Previously, he served as the firm's Head of North American Mergers & Acquisitions and Global Co-Head of Healthcare.

Prior to joining Lazard, Peter served as Vice Chairman of Corporate and Investment Banking and Chairman of the Financial Strategy and Solutions Group at Citigroup, Inc. He is a contributing writer for Bloomberg and has co-authored or co-edited numerous books, including: Protecting the Homeland (2006), Saving Social Security: A Balanced Approach (2004) and American Economic Policy in the 1990s (2002). Previously, he was a Distinguished Visiting Fellow at the Council on Foreign Relations and contributing columnist at the New York Times.

Peter’s public sector service was built upon his economic and healthcare expertise. He served as Director of the Office of Management and Budget (OMB) in the Obama Administration, a Cabinet-level position, from January 2009 to July 2010. From January 2007 to December 2008, Peter was Director of the Congressional Budget Office (CBO). Under his leadership, the agency significantly increased its focus on climate change and healthcare.

Peter serves on the Board of New Visions for Public Schools, a nonprofit that promotes access to high-quality education for all NYC public school students, regardless of economic status. He is a member of the National Academy of Medicine, a nonprofit that advises on national and international issues of health, medicine, and related policy. Peter is also on the Boards of Mt. Sinai Medical Center and Peterson Institute for International Economics.

An alumnus of Princeton University, Peter graduated summa cum laude with a BA in Economics, later earning a PhD in Economics from The London School of Economics, which he attended as a Marshall Scholar. He holds an honorary doctorate from Rensselaer Polytechnic Institute.

Peter’s Newsfeed

Bloomberg
Climate Change Will Force People to Move. We Need to Find Out Where They’ll Go

Peter Orszag urges a deep look at how and where people will relocate in response to climate change. He also discusses how this migration can be disruptive and what the economic effects of climate change will be, both negative and positive. 

CNBC
Lazard Financial Advisory CEO Peter Orszag on corporate tax rate proposal

Peter Orszag joins CNBC to discuss the recent proposal from House Democrats to raise the corporate tax rate to 26.5 percent.

View allHide

Peter’s Background

Lazard
CEO, Financial Advisory
Jun 2019 - Present
New York, NY, USA
Lazard generates about half of its revenue from financial advisory, which includes M&A, and the remainder from asset management. The firm has consistently been one of the top 10 advisors on deals globally.
Bloomberg Opinion
Columnist
2011 - Present
New York, NY, USA
Bloomberg connects decision makers to a dynamic network of business & financial information, news, ideas & people around the world.
View allHide

Current Board Positions

Peterson Institute for International Economics
Board of Directors
2011 - Present
Washington, DC, USA
The Peterson Institute for International Economics is a private, non-profit, non-partisan research institution, devoted to the study of international economic policy.
Mount Sinai Medical Center
Board of Directors
New York, NY, USA
The Mount Sinai Health System is an integrated health care system providing exceptional medical care to local & global communities.

Previous Board Positions

Council of Economic Advisors
Senior Advisor & Senior Economist
Washington, DC, USA
The Council of Economic Advisors, an agency within the Executive Office of the President, is charged with offering the President objective economic advice for domestic & international economic policy.
Brookings Institution
Senior Fellow
2000 - 2006
Washington, DC, USA
Brookings experts conduct high-quality, independent research and produce innovative policy solutions for the nation and world. Brookings is proud to be ranked as the most influential, most quoted and most trusted think tank.

Philanthropy

New Visions for Public Schools
Board of Directors
New York, NY, USA
New Visions for Public Schools are dedicated to ensuring that all New York City public school students, regardless of race or economic class, have access to high-quality education to prepare them for the rigors of college & the workforce.
Robert Wood Johnson Foundation
Board of Directors
2011 - 2017
Princeton, NJ, USA
The Robert Wood Johnson Foundation has worked to improve health and health care. They work alongside others to build a national Culture of Health, to provide everyone in America with a fair opportunity for health and well-being.

Media

Virtual Program with Dr. Peter R. Orszag
Featured Talk
May 2020
Chicago, IL, USA
The Economic Club of Chicago hosted a virtual program with Dr. Peter Orszag, CEO of Financial Advisory at Lazard Frères & Co. LLC, who discussed the current state of the economy, fiscal responsibility and the impact of the COVID-19 pandemic on health care policy. The conversation was moderated by Peter Q. Thompson, chair of Midwest Advisory at Lazard Frères & Co. LLC.

Interviews

COVID-19 is testing the Dartmouth Atlas hypothesis: An interview with Peter Orszag
Interview
Sep 2021
Building upon his appearance at the 2021 Health Evolution Summit, Peter Orszag sits down with Tom Sullivan for a discussion on the potential to learn from the decline in non-COVID-19 care in 2020-2021, how that could affect variations in pricing and outcomes, and how to use that information in relation to business strategies.
Lazard's Orszag on Flexible Work, Wall Street Hiring, Inflation
Jul 2021
New York, NY, USA
Peter Orszag, CEO of financial advisory at Lazard and a Bloomberg Opinion columnist, joins “Bloomberg Markets" to discuss Wall Street's adoption of flexible work policies to retain and attract talent, financial firm compensation, and the path of U.S. inflation.
View allHide

Publications

The U.S. Makes Carbon Pricing More Complicated Than It Needs to Be
Author
Sep 2021
New York, NY, USA
Peter Orszag discusses 'border adjustments', a fee that a country would impose on the quantity of carbon found in imports. The goal of this fee is to mitigate ‘leakage’ of emissions toward countries with looser climate policies and lead to the enactment of stricter policies.
Refrigerator Pact Shows Climate Partisanship Can Thaw
Author
Aug 2021
New York, NY, USA
Peter Orszag discusses the recent infrastructure legislation proposed by the Senate and a little-noticed provision related to, in Orszag's words, the ‘very exciting’ topic of refrigerants.
View allHide

Memberships

National Academy of Medicine
Member
2008 - Present
Washington, DC, USA
Founded in 1970 as the Institute of Medicine (IOM), the National Academy of Medicine (NAM) is one of three academies that make up the National Academies of Sciences, Engineering, and Medicine in the U.S. The National Academies are private, nonprofit institutions that work outside of government to provide objective advice on matters of science, technology, and health.

Speaking Engagements

Health Evolution Summit
Featured Speaker
Aug 2021
Dana Point, CA, USA
Peter Orszag took part in a panel titled ‘Now what? Health care gets down to business’ alongside other prominent business leaders and healthcare experts. among other topics, the panel discussed how the reduction in non-COVID care during 2020-2021 will yield more insight into the realities of care costs and outcomes.
Fiscal Resiliency in an Uncertain World
Speaker
Jun 2021
At the Aspen Ideas Festival, Peter Orszag, CEO of Financial Advisory at Lazard, is joined in conversation by Gillian Tett, Robert Rubin and Joseph Stiglitz to share their insights on how to manage US debt and what it will take to get, and keep, the American economy moving forward for decades to come.
View allHide

Peter’s Education

Princeton University
A.B. | Economics
1987 - 1991
View allHide