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Lazard Hires J.P. Morgan Executive David Krap to Lead European Consumer M&A

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LAZ$36.09 −0.19%

Lazard, Inc. (LAZ) has appointed David Krap as Managing Director and Co-Head of European Consumer, Retail & Leisure. Based in London, Krap joins the financial advisory team to help expand the firm's coverage across food and beverage, home and personal care, and consumer health segments. He previously served as Managing Director and Co-Head of Consumer & Retail EMEA at J.P. Morgan.

The appointment brings over two decades of consumer-focused mergers and acquisitions advisory experience to Lazard. Krap has held senior positions at Credit Suisse, Centerview Partners, and UBS before his role at J.P. Morgan. He will work alongside European investment banking co-heads Jean-Louis Girodolle and Cyrus Kapadia as part of the company's broader Lazard 2030 growth initiative, which aims to increase senior leadership headcount across its advisory business.

Investors will be watching how Lazard's continued investment in senior advisory talent translates into increased deal volume and market share in European corporate advisory. Shares of Lazard were down 0.19% at $36.09 in recent trading.

Key points

  • Lazard appointed David Krap as Managing Director and Co-Head of European Consumer, Retail & Leisure in London.
  • Krap brings more than 20 years of consumer advisory experience, joining from J.P. Morgan.
  • The hiring supports the Lazard 2030 strategy to expand managing director ranks across European advisory operations.
  • Lazard shares traded down 0.19% at $36.09 following the announcement.

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Questions and answers

Who did Lazard hire as Co-Head of European Consumer, Retail & Leisure?

Lazard hired David Krap, a veteran dealmaker with over 20 years of M&A advisory experience who previously served as Co-Head of Consumer & Retail EMEA at J.P. Morgan.

What is David Krap's background prior to joining Lazard?

Before joining Lazard, David Krap served as Managing Director and Co-Head of Consumer & Retail EMEA at J.P. Morgan, and previously held senior roles at Credit Suisse, Centerview Partners, and UBS.

Why is Lazard hiring new senior executives in Europe?

The appointment is part of Lazard's 2030 strategy, which focuses on expanding senior talent and growing the firm's advisory presence across Europe.