Lazard Ltd. hired former UK national security adviser Stephen Lovegrove, as incoming chief executive officer Peter Orszag seeks to build out a geopolitical advisory practice the firm began about a year ago.
Lovegrove, who was tapped by ex-British Prime Minister Boris Johnson to the top security role in 2021, is joining as a senior adviser in London and will also serve clients in the UK financial advisory practice. For Lovegrove, it’s a return to investment banking, his career before joining the civil service in 2004.
Lazard is expanding its geopolitical practice with a mix of political risk advisers, former government and defense officials and longtime investment banking talent. William H. McRaven, a retired US Navy four-star admiral who oversaw the raid that killed Osama bin Laden in 2011, and Jami Miscik, who had been CEO of Kissinger Associates and deputy director for intelligence at the US Central Intelligence Agency, has also joined Lazard in recent years to help the effort.
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