News & Announcements — Lazard

Felix Rohatyn - 50th Anniversary of Saving NYC

October 28, 2025

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Felix Rohatyn’s legacy stands as one of the defining chapters in the history of both Lazard and New York City. A visionary banker and trusted advisor, Felix brought extraordinary skill, diplomacy, and determination to one of the most complex financial challenges ever faced by a modern city — earning the title “The Man Who Saved New York.”

This year marks the fiftieth anniversary of his leadership in guiding the city away from the brink of bankruptcy — a moment that proved collaboration, creativity, and conviction can turn crisis into renewal.

As we reflect on Felix’s enduring impact, we honor the values he embodied and the spirit of partnership that continues to guide Lazard today.

Watch the video below for the incredible story of Felix Rohatyn and the financial rescue of New York City or watch here.


About Lazard

Founded in 1848, Lazard is the preeminent financial advisory and asset management firm, with operations in North and South America, Europe, the Middle East, Asia, and Australia. Lazard provides advice on mergers and acquisitions, capital markets and capital solutions, restructuring and liability management, geopolitics, and other strategic matters, as well as asset management and investment solutions to institutions, corporations, governments, partnerships, family offices, and high net worth individuals. Lazard is listed on the New York Stock Exchange as Lazard, Inc. under the ticker LAZ. For more information, please visit Lazard.com and follow Lazard on LinkedIn.