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Peter Orszag

Lazard

New York, US

Vice Chairman of Investment Banking & Managing Director

Lazard

Peter Orszag
Biography
Peter Orszag is Vice Chairman of Investment Banking and Managing Director at Lazard. He is Global Co-Head of Healthcare and serves on the Opinion Committee. Peter is a contributing Columnist at Bloomberg Opinion, writing on topics including health care, politics & behavioral economics. Previously, Peter was Vice Chairman of Corporate & Investment Banking and Chairman of the Financial Strategy & Solutions Group at Citigroup.

Peter held senior positions at The White House; during the Obama administration, he served as Director of the Office of Management and Budget, playing a key role in the passage and implementation of the 2009 stimulus legislation & the 2010 Affordable Care Act. He was recognized for this work by the Mosbacher Institute at Texas A&M University, who awarded him the Good Governance Award for his leadership.

Whilst Director of the Congressional Budget Office, Peter steered the agency to expand its focus on health care & climate change. During the Clinton administration, he served as Senior Advisor & Senior Economist at the President’s Council of Economic Advisers.

Peter was non-resident Senior Fellow and Deputy Director of Economic Studies at the Brookings Institution and Member of the Board at Robert Wood Johnson Foundation. He is a frequent panelist for the Council on Foreign Relations.

Peter’s publications include Moneyball for Government (Disruption Books 2014) and Protecting the Homeland 2006/2007 (Brookings Institution Press, 2006). A frequent public speaker, Peter is often invited to appear on television. He regularly participates at the annual Milken Institute Global Conference and the Aspen Institute’s Ideas Festival. In 2010, Peter was the opening commencement speaker at Rensselaer Polytechnic Institute and was awarded an honorary degree.

Peter Orszag’s Newsfeed

11 Jun 2018
Financial Times
Obama advisers say weak competition worsens inequality

Jason Furman, who headed the president’s Council of Economic Advisers, and Peter Orszag, who served as director of the US Office of Management and Budget, are among a number of influential figures who believe an erosion of competition goes a long way to explaining the downturn in fortunes of America’s middle classes.

10 May 2018
Bloomberg
How to Judge a Wine Without Tasting It

Peter Orszag writes : "Before there was moneyball for baseball, there was moneyball for wine. And yet, unlike in baseball, the use of statistical analyses in the wine industry remains relatively rare. What explains the difference?"

Peter Orszag’s Background

Vice Chairman of Investment Banking & Managing Director
May 2016 - Present
New York, US
Lazard, one of the world’s top financial advisory & asset management firms, operates from 43 cities across 27 countries in North America, Europe, Asia, Australia, Central & South America.
Columnist
2011 - Present
New York, US
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, US
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, US
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, US
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, US
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, US
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, US
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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