David Krap Joins Lazard as Managing Director for European Consumer Sector

Lazard, Inc., a prominent name in the financial advisory and asset management sectors, has officially announced the recent appointment of David Krap as Managing Director. Krap will also serve as Co-Head of the Consumer, Retail, and Leisure division in Europe. This strategic move comes as Lazard continues to enhance its expertise and resources in key financial advisory areas.

With over two decades of experience in M&A advisory, particularly within the consumer sector, Krap brings a wealth of knowledge and insight to his new role. His background includes significant experience in food and beverages, home care, personal care, and various segments of consumer health products. Before joining Lazard, Krap was with J.P. Morgan, where he held the position of Managing Director and Co-Head of the Consumer and Retail division for EMEA. His impressive track record also includes leadership roles at Credit Suisse, Centerview Partners, and UBS.

Educated at the European Business School in London, Krap is not only academically accomplished but also multilingual, fluent in both German and Spanish. Based in London, he will be part of the Lazard Financial Advisory team directed by Jean-Louis Girodolle and Cyrus Kapadia. This appointment represents a significant step in Lazard's ongoing strategy, aiming for a robust investment in top-tier talent as part of its Lazard 2030 initiative. This initiative is focused on expanding the pool of Managing Directors within the firm's advisory framework.

Jean-Louis Girodolle, Co-Head of Investment Banking in Europe, expressed, "David is a highly respected advisor with exceptional experience guiding boards and management teams through complex strategic moments and transformative transactions. We are thrilled to welcome him to Lazard." Cyrus Kapadia, also a Co-Head of Investment Banking in Europe, added, "David is a trusted advisor for numerous industry-leading companies, and his extensive expertise and long-standing relationships will further strengthen our position as we continue investing in our European platform and enhancing our capabilities for clients."

David Krap himself remarked, “I have long admired Lazard's model, focused on advisory and partnership, and the strength of its presence and network in Europe and North America. I firmly believe in the ambitions of the Lazard 2030 strategy and the growth the firm is striving to achieve. I am excited to join the talented team at Lazard and contribute to shaping and evolving its global consumer business.”

Founded in 1848, Lazard operates as a leading financial advisory and asset management firm, providing expertise across North and South America, Europe, the Middle East, Asia, and Australia. The firm specializes in M&A advisory, capital markets consulting, restructuring, debt management, geopolitical strategies, and other critical financial advisory services for a broad range of clients including institutions, corporations, governments, partnerships, family offices, and high-net-worth individuals.

Lazard is publicly traded on the New York Stock Exchange under the ticker symbol LAZ. For further information, visit Lazard.com and follow the firm on LinkedIn to stay updated on their latest developments.

Topics Financial Services & Investing)

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