Peter Harrison Joins Lazard's Board, Marking Key Asset Management Expansion
Investor - People | Mar 03, 2025 | Lai Real Estate Investors LLC
Lazard, Inc. has appointed Peter Harrison, who served as Group CEO of Schroders plc, to its Board of Directors. Harrison brings over 35 years of investment management experience. Under his lead at Schroders, assets under management more than doubled, highlighting his strategic prowess in private markets and wealth management. Harrison's experience at large institutions like J.P. Morgan and Deutsche, and his leadership in U.K. financial taskforces, make him a valuable asset as Lazard aims to strengthen its asset management arm. Lazard's CEO, Peter R. Orszag, alongside Dan Schulman, emphasized Harrison's role in bolstering leadership and global growth strategies at what they describe as an inflection point for the company.
Sectors
- Asset Management
- Investment Banking
Geography
- United Kingdom – Peter Harrison brings extensive relationships and experience from the U.K., having led Schroders and participating in U.K. financial task forces.
- United States – Lazard, a New York-based company, is strengthening its management team with the new board member to expand its global presence and strategy.
Industry
- Asset Management – The article discusses the appointment of a seasoned asset management executive to Lazard's Board, indicating a strategic focus on growing this business segment.
- Investment Banking – Lazard is known for its vast role in investment banking, and expanding its board with experienced financial executives supports its broad financial services strategies.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Lazard, Inc. | Company Appointing Board Member | Company | A leading financial advisory and asset management firm. |
| Peter Harrison | New Board Member | Person | Former CEO of Schroders plc, with extensive experience in global investment management. |
| Peter R. Orszag | CEO and Chairman of the Board of Lazard | Person | Lazard's CEO and Board Chairman, instrumental in strategic decisions. |
| Dan Schulman | Lead Independent Director of Lazard's Board | Person | Oversees governance and strategic direction of the board. |
| Schroders plc | Previous Company Affiliation | Company | A global asset management company led by Peter Harrison from 2016 to 2024. |