Lazard Hires David Krap to Lead European Consumer Advisory
Investment bank Lazard, Inc. (LAZ) has brought on David Krap as managing director and co-head of its European consumer, retail, and leisure group. Operating out of London, he will work within the firm's European advisory division alongside co-leaders Jean-Louis Girodolle and Cyrus Kapadia. Krap moves over from J.P. Morgan, where he guided the consumer and retail team across Europe, the Middle East, and Africa.
Krap holds more than two decades of background in dealmaking advice, particularly across food and beverage, personal care products, and consumer health segments. His past experience also includes positions at Credit Suisse, Centerview Partners, and UBS. The recruitment forms part of the overarching Lazard 2030 initiative, which targets higher numbers of senior managing directors to bolster its global advisory operations.
Market participants will be observing whether adding veteran advisors helps Lazard secure larger transaction mandates in Europe. On the stock market, shares of Lazard slipped 0.19% to finish around $36.09.
Key points
- Lazard, Inc. hired David Krap as co-head of its European consumer, retail, and leisure practice in London.
- Krap possesses over 20 years of dealmaking experience, previously managing EMEA consumer operations at J.P. Morgan.
- The addition aligns with the Lazard 2030 growth strategy aimed at expanding senior advisory leadership.
- Lazard shares dipped 0.19% to $36.09 following the update.
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How we writeDisclaimerQuestions and answers
What role is David Krap taking at Lazard?
He is joining as managing director and co-head of European consumer, retail, and leisure advisory in London.
Where did David Krap work before joining Lazard?
He previously co-led the EMEA consumer and retail group at J.P. Morgan, following earlier roles at Credit Suisse, Centerview Partners, and UBS.
Why is Lazard making this senior hire?
The appointment supports Lazard's 2030 growth strategy, which focuses on building out its senior managing director talent across advisory services.