Monday, July 11, 2022
HomeBankMichel David-Weill, Influential Lazard Banker, Dies at 89

Michel David-Weill, Influential Lazard Banker, Dies at 89


Mr. David-Weill was generally known as the “Solar King.” “Every little thing revolved round Michel at Lazard,” William D. Cohan, the creator of “The Final Tycoons: The Secret Historical past of Lazard Frères & Co.” (2007), stated in an interview.

Mr. Cohan labored at Lazard for six years. “To me it appeared like probably the most fascinating and mysterious place on Wall Road. Non-public partnership, punching above its weight, small, elite, prestigious,” he stated. “It was like a Florentine guild.”

Ali Wambold, who joined Lazard as a vice chairman in 1985 and have become a normal associate in 1987, stated that Mr. David-Weill “noticed himself as a gardener” and “was not particularly ruthless or sharp-elbowed.” And Mr. Jacobs stated, “I can’t ever keep in mind him being imperious.” Moderately, he stated, he remembered a relaxed, well mannered man who thrived in one-on-one settings.

After Lazard, Mr. David-Weill devoted himself to Eurazeo, the worldwide funding firm he shaped in Paris in 2001.

“He fought plenty of battles,” stated Virginie Morgon, the chief government of Eurazeo, including: “The battle that he fought in opposition to Bruce Wasserstein was most likely the hardest one, as a result of that was his legacy, and he needed to go away the financial institution. However that is somebody who by no means regarded again.”

Past the workplace, Mr. David-Weill was a philanthropist and a passionate artwork patron with a celebrated assortment. He was concerned with quite a few cultural establishments, together with as a trustee of the Metropolitan Museum of Artwork.

Along with his spouse, Mr. David-Weill is survived by 4 daughters, Béatrice, Natalie, Cécile and Agathe, and 11 grandchildren.

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