Kenneth M. Jacobs Explained

Birth Date:September 1958
Occupation:Executive Chairman of Lazard
Alma Mater:University of Chicago
Stanford University
Spouse:Agnès Mentre

Kenneth M. Jacobs (born September 1958)[1] is an American business executive. He was the CEO and chairman of Lazard from 2009[2] until September 2023,[3] [4] when he became executive chairman.[2]

Biography

Born September 1958,[1] Jacobs received a B.A. in economics from the University of Chicago and an M.B.A. from the Stanford University Graduate School of Business. He joined the financial company Lazard in 1988,[5] and was named a partner in 1991. In 2002 he was named deputy chairman and head of North America for Lazard.[6] [7] In this role, he focused on new markets and new practices, for example expanding Lazard’s financial advisory business via acquisitions.

In November 2009, the Lazard board elected Jacobs as chairman and chief executive officer.[8] Lazard announced on May 26, 2023 that Jacobs would transition from CEO and chairman to executive chairman effective October 1, 2023, while continuing to advise clients on financial matters. As of 2023,[9] Jacobs was a member of the board of trustees of the University of Chicago and the Brookings Institution.[10]

External links

Notes and References

  1. News: Armitage . Jim . 2023-07-06 . Lazard's Ken Jacobs: I'm taking the drama out of succession . . en . 2023-07-07 . 0140-0460.
  2. News: Nguyen . Lananh . Lazard names Orszag as CEO, Jacobs to become executive chairman . Reuters . May 26, 2023.
  3. News: J. de la Merced . Michael . New Leader at Lazard Is an Insider . The New York Times . November 17, 2009.
  4. News: Lombardo . Cara . Lazard Names Peter Orszag as Next CEO . The Wall Street Journal . May 26, 2023.
  5. Web site: Captain with a new style for the same game. Financial Times.
  6. Web site: Lazard's Jacobs Was Constant Amid 21 Years of Changes. Bloomberg.com. 16 September 2014.
  7. Web site: Lazard's Model Gaining Traction in the Postcrisis World. Institutional Investor. 16 September 2014.
  8. Web site: LAZARD NAMES KENNETH M. JACOBS CHAIRMAN AND CHIEF EXECUTIVE OFFICER . U.S. Securities and Exchange Commission.
  9. News: May 26, 2023 . Lazard Appoints Peter R. Orszag as CEO and Kenneth M. Jacobs as Executive Chairman . Lazard.com .
  10. News: Ken Jacobs, a Lazard Survivor. Wall Street Journal . 17 November 2009 . The Wall St. Journal. 16 September 2014 . Corkery . Michael .