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Matthieu Pigasse resigns from Lazard for a new career outside banking

By Charlotte Ricca
October 21, 2019, 9:54 AM GMT
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    The long-standing French investment banker is stepping down to pursue his own venture

    Matthieu Pigasse, has announced he is moving out of investment banking and leaving Lazard to start a new “entrepreneurial project”.

    Pigasse joined the investment banking firm in 2002, and during his time there played a key role in the sovereign debt restructurings in Iraq, Ecuador, Argentina, Cyprus and Greece.

    He also advised on multi-billion mergers, including the L’Oréal buy-back of Nestlé shares, Suez and Gaz de France, and Unibail-Rodamco and Westfield.

    The 51-year-old will step down as chairman and CEO of Lazard France and deputy CEO of financial advisory at the end of the year.

    Kenneth Jacobs, chairman and CEO of Lazard said: “I admire and respect Matthieu Pigasse for all he has done for our clients and our global franchise. Through his passion, intensity and commitment to excellence, Lazard has assembled a team of extremely talented bankers, and has built the best global investment banking business in France.

    Alongside his work at Lazard, Pigasse is active in publishing, coming from a generation of journalists and media owners. He is the co-owner of Le Monde newspaper, and owns French cultural magazine, Les Inrockuptibles.

    As well as an impressive CV, the 51-year-old is famous for his unconventional approach to business, with his love of 70s and 80s punk and passion for the Socialist Party.

    Pigasse was involved in politics for a while. He was an advisor to the Ministry of the Economy, Finances and Industry under Dominique Strauss-Kahn from 1998 to 1999. He then served as chief of staff to finance minister Laurent Fabius from 2000 to 2002.

    Pigasse hasn’t yet revealed what his new venture will be, but said he is “excited to begin my next chapter beyond investment banking in a new entrepreneurial project”.

    “I’ve enjoyed working with the best investment bankers and advisors in the industry, and many of the world’s most important corporate and sovereign leaders,” he said. “I am proud of what I have accomplished with my colleagues in France.”

    Lazard will announce a new French leadership team shortly.

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