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Lazard CEO Expects an ‘Unprecedented’ Level of Deals to Continue

Ken Jacobs
Ken JacobsPhotographer: Chris Goodney/Bloomberg

Lazard Ltd. Chief Executive Officer Ken Jacobs expects a record level of deal flow to continue unabated, seeing “unprecedented levels of activity” as interest rates remain low and CEOs adjust to a new macroeconomic environment.

“There continues to be just enormous technological change going on and people adapting to that, and using M&A as a tool,” Jacobs said in a phone interview Friday after Lazard reported record operating revenue for both the second quarter and first half of 2021.