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The long-serving dealmaker will remain at the firm amid expectation Peter Orszag will take over the CEO role

Investment Banking Editor

Ken Jacobs, the dealmaker who headed independent investment bank Lazard for 14 years, is set to step down.

Jacobs is expected to be replaced by Peter Orszag, who runs its financial advisory unit and was previously an adviser to former President Barack Obama, 

Lazard chief executive Ken Jacobs set to step down

The long-serving dealmaker will remain at the firm amid expectation Peter Orszag will step in as CEO

Paul Clarke

Citigroup

Lazard

Banking

Finance

Investing

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Former Goldman Sachs executive Amar Kuchinad joins crypto firm Copper as CEO 

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Former Goldman Sachs MD Amar Kuchinad joins crypto firm Copper as CEO

Dmitry Tokarev has stepped back from his role as chief executive after seven years

Kirkland loses regulatory partner to Paul Weiss 

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Kirkland has been raided by Paul Weiss since it kicked off its English law offering last summer

BNP Paribas dealmaker McNaught departs in UK advisory shake-up

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The French bank has added a further two managing directors amid reshuffle in UK deals team

The regulator’s former enforcement director becomes a partner at Milbank after three years pushing fines higher at the SEC.

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Inflation in the U.K. fell below the Bank of England’s 2% target in September for the first time in more than three years, making an interest-rate cut next month more likely.

U.K. Inflation Falls to Below BOE Target, Setting Up Rate Cut

The regulator said it is concerned that the part of the market that allows people to pay for insurance in installments might not be providing fair value to more than 20 million customers.

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Fate of Lina Khan’s Bid to Reshape Antitrust Comes Down to Election

Chinese stocks have gone from ice-cold to red-hot in a matter of weeks, but it might be driven by momentum rather than enough stimulus to solve China’s economic woes.

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