Deals
Lazard Hires Citigroup's Orszag for Mergers, Acquisitions
- CEO Jacobs cites expertise in finance, public policy
- Orszag previously worked with Presidents Obama, Clinton
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Lazard Ltd., the largest independent investment bank, hired Citigroup Inc.’s Peter Orszag to advise on mergers and acquisitions.
Orszag, who was previously the director of the Office of Management and Budget in President Barack Obama’s administration, will be a managing director and vice chairman of investment banking, Lazard said Wednesday in a statement. Orszag will be based in New York and start in May.