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Lazard Names David Krap Co-Head of European Consumer Unit

Summarized from All Financial Services & Investing

Lazard has appointed David Krap as Managing Director and Co-Head of European Consumer, Retail & Leisure, adding two decades of M&A advisory expertise.

Lazard Names David Krap Co-Head of European Consumer Unit

Lazard, Inc. (NYSE: LAZ) announced Monday the appointment of David Krap as Managing Director and Co-Head of European Consumer, Retail & Leisure, bolstering the investment bank's advisory capabilities across one of Europe's most active dealmaking sectors.

Krap brings more than 20 years of consumer-focused mergers and acquisitions advisory experience to the role, with a particular specialization in food-related transactions, according to the company. His appointment reflects Lazard's continued effort to deepen sector expertise within its European franchise as deal activity in consumer industries remains closely watched by investors and corporates alike.

Read more Lazard Names David Krap Co-Head of European Consumer Banking →

The hire positions Lazard to compete more aggressively for mandates in the European consumer, retail, and leisure space, a segment that has seen significant restructuring and consolidation pressure in recent years amid shifting spending patterns and macroeconomic headwinds. Adding a senior co-head with Krap's tenure signals the firm's confidence in near-term deal flow within the category.

Lazard operates as a global financial advisory and asset management firm, with its advisory business serving clients on cross-border M&A, restructuring, and capital markets transactions. The London-based appointment underscores the firm's commitment to maintaining a strong European advisory platform at a time when regional deal volumes remain competitive.

Continue reading at All Financial Services & Investing.

Frequently Asked Questions

Q.Who is David Krap and what is his new role at Lazard?

David Krap has been appointed Managing Director and Co-Head of European Consumer, Retail & Leisure at Lazard. He brings over two decades of consumer-focused M&A advisory experience to the position.

Q.What sector will David Krap focus on at Lazard?

Krap will focus on the European Consumer, Retail & Leisure sector, with a particular specialization in food-related mergers and acquisitions advisory work.

Q.Where is Lazard's European Consumer practice based?

Based on the announcement, Krap's appointment is London-based, consistent with Lazard's European advisory operations headquartered in the city.

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