Lazard Chief Executive Officer Peter Orszag on Bloomberg Television in London

On June 21, Lazard's Chief Executive Officer, Peter Orszag, sat down with Bloomberg's Editor at Large, Francine Lacqua, in London for an exclusive interview. The conversation covered the firm's renewed ambition and strength both in the U.S. and E.U., outlook for M&A activity, and his expectations for the first rate cut by the Federal Reserve to serve as a "light switch" moment signaling the central bank of the United States has won the battle against inflation.

Later in the interview, Peter expressed his strategic vision for broadening Lazard's global influence and strengthening its capabilities, noting: "We need to protect where we are, we need to expand by doing some additional hiring where it makes sense in public markets, and then we need to acquire. And the acquisitions will be disproportionately in private markets, so in private credit, infrastructure, real estate ─ places where we are not very present yet."

Click here to watch the full segment.