Paul O'Reilly-Hyland
Zeamo
Irina Pafomova
Engelworks

Peter Orszag

Lazard

New York, NY, USA

CEO Financial Advisory

Lazard

Peter Orszag

Biography

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

Before joining Lazard in May 2016, Dr. Orszag served as Vice Chairman of Corporate and Investment Banking and Chairman of the Financial Strategy and Solutions Group at Citigroup, Inc. Prior to that, he served as a Distinguished Visiting Fellow at the Council on Foreign Relations and a Contributing Columnist at the New York Times.

Dr. Orszag previously served as the Director of the Office of Management and Budget in the Obama Administration, a Cabinet-level position, from January 2009 until July 2010. From January 2007 to December 2008, Dr. Orszag was the Director of the Congressional Budget Office (CBO). Under his leadership, the agency significantly expanded its focus on areas such as health care and climate change.

Dr. Orszag graduated summa cum laude in economics from Princeton University and obtained a Ph.D. in economics from the London School of Economics, which he attended as a Marshall Scholar. He has coauthored or coedited a number of books, including Protecting the Homeland (2006), Aging Gracefully: Ideas to Improve Retirement Security in America (2006), Saving Social Security: A Balanced Approach (2004), and American Economic Policy in the 1990s (2002).

Dr. Orszag serves on the Board of Directors of the Peterson Institute for International Economics, Mt. Sinai Medical Center, New Visions for Public Schools, and the Russell Sage Foundation. He is also a member of the National Academy of Medicine, and holds an honorary doctorate from Rensselaer Polytechnic Institute.

Peter Orszag’s Newsfeed

Bloomberg
Lazard Promotes Peter Orszag to Lead Advisory

Lazard Ltd. promoted Peter Orszag to chief executive officer of its financial-advisory business, succeeding Alex Stern, who was named president of the firm.

Bloomberg
Don’t Blame the Stock Market for Corporate Myopia

Bloomberg Opinion columnist and vice chairman of investment banking at LazardPeter R. Orszag writes: "Public ownership and public borrowing are diminishing at U.S. companies. Research has unearthed some worrisome consequences of this trend."

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Peter Orszag’s Background

CEO Financial Advisory
Jun 2019 - Present
New York, NY, USA
Lazard generates about half its revenue from financial advisory, which includes M&A and the remainder from asset management. While the firm has consistently been one of the top 10 advisers on deals globally.
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.
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Other Business Interests

Co-Author
2014 - Present
New York, NY, USA
Published in 2014 and co-authored by a team of leaders & thinkers from across the political spectrum, the book sets out a vision where policy makers base decisions not on politics or expedience, but on evidence of what works.

Current Non-Executive Positions

Member of the 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 Non-Executive Positions

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.
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

Member of the Board of Directors
New York, NY, USA
The Russell Sage Foundation is the principal American foundation devoted exclusively to research in the social sciences. The Foundation dedicates itself to strengthening the methods, data & theoretical core of the social sciences as a means of diagnosing social problems & improving social policies.
Member of the 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.
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Peter Orszag’s Education

AB, Economics
1987 - 1991
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