Ben Francis
Gymshark Ltd
John Grayken
Lone Star Funds

Peter Orszag

CEO, Financial Advisory

Lazard

New York, NY, USA

Peter Orszag

Biography

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

Before joining Lazard, Peter served as Vice Chairman of Corporate and Investment Banking and Chairman of the Financial Strategy and Solutions Group at Citigroup, Inc. Prior, 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 until 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. He is a contributing writer for Bloomberg and has co-authored or co-edited a number of books, including: Protecting the Homeland (2006), Saving Social Security: A Balanced Approach (2004), and American Economic Policy in the 1990s (2002).

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 Orszag’s Newsfeed

Peterson Institute for International Economics
The International Architecture for Resolving Sovereign Debt Involving Private-Sector Creditors ...

...—Recent Developments, Challenges, and Reform Options. Peter Orszag, CEO of Financial Advisory at Lazard, will take part in a session titled "The International Architecture for Resolving Sovereign Debt Involving Private-Sector Creditors" at a virtual discussion organized by The Peterson Institute for International Economics (PIIE) on Thursday, October 1.

Bloomberg Quint
Price Is No Longer an Obstacle to Clean Power

In this column for Bloomberg, Peter Orszag, CEO of Financial Advisory at Lazard, discusses three key points that show the transition to cleaner energy is much less costly today than it used to be.


 

View allHide

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.
View allHide

Current Board Positions

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.
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

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

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.
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

Panel Host
Aug 2020
The Financial Impact of COVID-19 on Health Systems webcast is part of Health Evolution's Pandemic Response Series, which features insights from federal and state government officials, leading health care provider, payer and life science CEOs on best practices for mitigation, management of outbreaks and collaborations with public health infrastructure.
CNBC Interview
Sep 2020
New York, NY, USA
JP Morgan Chase’s Chief Executive Jamie Dimon said he’s not against higher taxes on the rich, but a wealth tax is not the way to do it. Peter Orszag, CEO of Lazard's Financial Advisory Business and former OMB director under President Obama, joins "Squawk Box" to discuss.
View allHide

Publications

Co-Author
2004
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.
Co-author & Co-editor
2006
New York, NY, USA
This collection of essays addresses retirement trends in the United States and puts forth ideas to enable Americans to develop higher levels of retirement savings.
View allHide

Memberships

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.

Peter Orszag’s Education

London School of Economics & Political Science logo London School of Economics & Political Science logo
London School of Economics & Political Science
PhD Economics
1992 - 1996
AB, Economics
1987 - 1991
View allHide