Kenneth M. Jacobs

Last updated
Kenneth M. Jacobs
Kenneth Jacobs 2023.jpg
Kenneth Jacobs in 2023
BornSeptember 1958
Alma mater University of Chicago
Stanford University
OccupationExecutive Chairman of Lazard
SpouseAgnès 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]

Contents

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. [5] He joined the financial company Lazard in 1988, [6] and was named a partner in 1991. In 2002 he was named deputy chairman and head of North America for Lazard. [7] [8] In this role, he focused on new markets and new practices,[ citation needed ] for example expanding Lazard’s financial advisory business via acquisitions. [6]

In November 2009, the Lazard board elected Jacobs as chairman and chief executive officer. [9] 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, [5] Jacobs was a member of the board of trustees of the University of Chicago and the Brookings Institution. [10]

Related Research Articles

<span class="mw-page-title-main">Maurice R. Greenberg</span> American business executive (born 1925)

Maurice Raymond “Hank” Greenberg is an American business executive and former chairman and chief executive officer of American International Group (AIG).

<span class="mw-page-title-main">Lazard</span> American investment bank

Lazard Inc. is a financial advisory and asset management firm that engages in investment banking, asset management and other financial services, primarily with institutional clients. It is the world's largest independent investment bank, with principal executive offices in New York City, Paris and London.

<span class="mw-page-title-main">Kenneth Chenault</span> American business executive

Kenneth Irvine Chenault is an American business executive. He was the CEO and Chairman of American Express from 2001 until 2018. He is currently the Chairman of the global venture capital firm General Catalyst.

<span class="mw-page-title-main">Wasserstein Perella & Co.</span> American investment bank

Wasserstein Perella & Co. was a boutique investment bank established by Bruce Wasserstein, Joseph R. Perella, Bill Lambert, and Charles Ward in 1988, former bankers at First Boston Corp., until its eventual sale to Dresdner Bank in 2000 for some $1.4 billion in stock. The private equity business of the investment firm was not included in the sale and was to be sold off to existing Wasserstein shareholders.

<span class="mw-page-title-main">Richard S. Fuld Jr.</span> American banker

Richard Severin Fuld Jr. is an American banker best known as the final chairman and chief executive officer of investment bank Lehman Brothers. Fuld held this position from 1 April 1994 after the firm's spinoff from American Express until 15 September 2008. Lehman Brothers filed for bankruptcy protection under Chapter 11 on September 15, 2008, and subsequently announced the sale of major operations to parties including Barclays Bank and Nomura Securities.

<span class="mw-page-title-main">Kenneth C. Griffin</span> American billionaire hedge fund manager (born 1968)

Kenneth Cordele Griffin is an American hedge fund manager, entrepreneur and investor. He is the founder, chief executive officer, co-chief investment officer, and 80% owner of Citadel LLC, a multinational hedge fund. He also owns Citadel Securities, one of the largest market makers in the United States.

<span class="mw-page-title-main">Citadel LLC</span> American hedge fund and financial services provider

Citadel LLC is an American multinational hedge fund and financial services company. Founded in 1990 by Ken Griffin, it has more than $63 billion in assets under management as of June 2024. The company has over 2,800 employees, with corporate headquarters in Miami, Florida, and offices throughout North America, Asia, and Europe. Founder, CEO and Co-CIO Griffin owns approximately 85% of the firm. As of December 2022, Citadel is one of the most profitable hedge funds in the world, posting $74 billion in net gains since its inception in 1990, making it the most successful hedge fund in history, according to CNBC.

<span class="mw-page-title-main">Herbert M. Allison</span> American businessman

Herbert Monroe Allison, Jr. was an American businessman who oversaw the Troubled Asset Relief Program (TARP) as Assistant Secretary of the Treasury for Financial Stability from 2009 to 2010. His previous positions included president and CEO of Fannie Mae, a post to which he was appointed in September 2008, after Fannie was placed into conservatorship. Prior to that, Allison was chairman, president and chief executive officer of TIAA from 2002 until his retirement in 2008.

<span class="mw-page-title-main">Peter R. Orszag</span> American economist (born 1968)

Peter Richard Orszag is an American business executive and former government official. He is the chief executive officer (CEO) of Lazard. Announced as Lazard’s incoming CEO on May 26, 2023, he assumed the role on October 1, 2023, also joining the board.

<span class="mw-page-title-main">UNC Kenan–Flagler Business School</span> Business school at UNC-Chapel Hill

The UNC Kenan-Flagler Business School is the business school of the University of North Carolina at Chapel Hill, a public research university in Chapel Hill, North Carolina. Founded in 1919, the school was renamed to its current name in 1991 in honor of Mary Lily Kenan and her husband, Henry Flagler.

Kenneth Lawrence Fisher is an American billionaire investment analyst, author, and the founder and executive chairman of Fisher Investments, a fee-only financial adviser. Fisher's Forbes "Portfolio Strategy" column ran from 1984 to 2017, making him the longest continuously-running columnist in the magazine's history. Fisher is now known for writing monthly, native language columns in international outlets. Fisher has authored eleven books on investing, and research papers in the field of behavioral finance. In 2010, he was included in Investment Advisor magazine's "30 for 30" list of the 30 most influential people in the investment advisory business over the last 30 years. As of August 2024, his net worth was estimated at $11.2 billion.

<span class="mw-page-title-main">Anne Lauvergeon</span> French businesswoman (born 1959)

Anne Lauvergeon is a French businesswoman who was CEO of Areva from 2001 to 2011. According to The Wall Street Journal, she is known internationally as one of the most prominent defenders of nuclear power.

Edward "Ed" Liddy is an American businessman who was chairman of the Allstate Corporation from 1999 to 2008.

<span class="mw-page-title-main">James P. Gorman</span> Australian-American financier (born 1958)

James Patrick Gorman is an Australian-American businessman and financier. He has been executive chairman of Morgan Stanley since 2012, and was CEO of the firm from 2010 through 2023. Before becoming CEO, he was the co-president and co-head of strategic planning at the firm.

<span class="mw-page-title-main">Kenneth Pasternak</span> American financial executive and entrepreneur

Kenneth D. Pasternak is an American financial executive and entrepreneur. He is a co-founder along with Walter Raquet of Knight Trading Group, and also served as its chairman and CEO.

<span class="mw-page-title-main">Ken Lewis (executive)</span> Former CEO, president, and chairman of Bank of America

Kenneth D. Lewis is the former CEO, president, and chairman of Bank of America, currently the second largest bank in the United States and twelfth largest by total assets in the world. While CEO of Bank of America, Lewis was noted for purchasing the failing companies Countrywide Financial and Merrill Lynch, resulting in large losses for the bank and necessitating financial assistance from the federal government. On September 30, 2009, Bank of America confirmed that Lewis would be retiring by the end of the year. Lewis was replaced by Brian Moynihan as president and CEO and Walter Massey as chairman of the board.

Guggenheim Partners, LLC is a global investment and advisory financial services firm that engages in investment banking, asset management, capital markets services, and insurance services.

Kenneth D. Moelis is an American billionaire investment banker. He is also the founder, chairman and CEO of Moelis & Company, a global independent investment banking firm.

Kenneth R. Leibler is an American business executive who was a founding partner of the Boston Options Exchange. He was previously chairman and chief executive officer of the Boston Stock Exchange, President and chief executive officer of Liberty Financial Companies and President of the American Stock Exchange. At 36 years old, he was the youngest president in American Stock Exchange history and believed to be the youngest president of any major stock exchange.

References

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