Michel David-Weill
| Michel David-Weill | |
|---|---|
| Born |
November 23, 1932 Paris, France |
| Nationality | French |
| Education |
Lycée Français de New York l'Institut d'Etudes Politiques de Paris |
| Occupation | Banker |
| Known for | Chairman of the New York City-based Lazard Frères. |
| Spouse(s) | Hélène Marie Lehideux |
| Children | Béatrice Stern Cécile Renom de La Baume Nathalie Merveilleux du Vignaux |
| Parent(s) | Berthe Haardt David-Weill Pierre David-Weill |
| Family | David David-Weill (grandfather) |
Michel David-Weill (born November 23, 1932) is an investment banker and former Chairman of New York City-based Lazard Frères.
Michel David-Weill was born on November 23, 1932. His father, Pierre David-Weill (1900–1975), was the Chairman of Lazard Frères; his mother was Berthe Haardt. His parents were Jewish.
His great-grandfather, Alexander Weill, worked as a bookkeeper at Lazard Freres, a firm co-founded by his cousins, Alexandre, Elie, and Simon Lazard. In 1900, his grandfather, David David-Weill was named a partner. In 1927, his father Pierre David-Weill became a partner.
Separated from his father who was in New York City during World War II, David-Weill remained behind with his mother in occupied France and during the last year of Nazi occupation, at age 11, he had to hide with his mother and younger sister, in the French village of Béduer (Lot, southwestern France) where they were baptized and raised as Catholics (his father Pierre would later convert to Catholicism in 1965). After World War II was over, he went to live in New York City with his family.
David-Weill was educated at the Lycée Français de New York and l'Institut d'Etudes Politiques de Paris.
In 1956, he joined Lazard Freres and in 1961, he became a partner Under the stewardship of chairman André Meyer, Felix Rohatyn, who handled acquisitions, and himself, who handled the books, Lazard grew rapidly. In 1975, his father died and he inherited his equity stake in Lazard, becoming the largest stake holder in both Lazard New York and Lazard Paris, while also holding stakes in Lazard London. In 1977, when Meyer became sick and Rohatyn turned down an offer to replace him, David-Weill was named chairman. He continued to work closely with managing director, Felix Rohatyn, who was also made senior partner at Lazard in 1961. Also, by the power provided in clause 4.1 of Lazard partnership agreement, he alone had the power to set compensations and had the right to fire any partners at his discretion.
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