Kenneth M. Jacobs

Kenneth M. Jacobs
Kenneth Jacobs in 2023
BornSeptember 1958
Alma materUniversity of Chicago
Stanford University
Occupation(s)Senior Chairman and former CEO 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]

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]

Personal life

Jacobs is married to Agnès Mentre, daughter of French banker and politician, Paul Mentré;[11] she was a former Lazard banker who later became a film producer including such credits as The Wrestler, the Michael Moore documentary Fahrenheit 9/11,[12] and Wind River.

References

  1. ^ a b 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. ^ a b 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. ^ a b "Lazard Appoints Peter R. Orszag as CEO and Kenneth M. Jacobs as Executive Chairman". Lazard.com. May 26, 2023.
  6. ^ a b "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.
  11. ^ Delanglade, Sabine (21 October 2019). "Kenneth Jacobs. Patron au mérite". Les Echos (in French).
  12. ^ Wallace, Charles (November 7, 2011). "Lazard's Model Gaining Traction in the Postcrisis World". Institutional Investor.