Lazard Names David Krap Co-Head of European Consumer Unit
Lazard has appointed David Krap as managing director and co-head of its European consumer, retail, and leisure division, bringing over two decades of industry experience.
Lazard, Inc. (NYSE: LAZ) announced Monday the appointment of David Krap as managing director and co-head of its European consumer goods, retail, and leisure practice, the investment bank said in a statement released from London.
Krap brings more than two decades of professional experience to the role, according to the firm. The appointment signals Lazard's continued effort to strengthen its sector-specific advisory capabilities across European markets at a time when consumer-facing industries face mounting pressure from shifting spending patterns and macroeconomic uncertainty.
Read more Lazard Names David Krap Co-Head of European Consumer M&A →
The consumer, retail, and leisure sector has been a focal point for merger and acquisition activity in Europe, with dealmakers navigating a complex environment shaped by inflationary headwinds, evolving e-commerce dynamics, and post-pandemic normalization in leisure and hospitality. Senior hires at this level are typically aimed at deepening client relationships and expanding deal origination pipelines within the sector.
Lazard, one of the world's leading independent financial advisory and asset management firms, has offices across major financial centers globally and has been actively building out its industry-focused banking teams in Europe. The co-head structure for the unit suggests the firm is investing in collaborative leadership to broaden its reach across the continental market.
Continue reading at All Financial Services & Investing
