Managing Director and Co-Chairman of Investment Banking for Lazard Ltd, an investment banking firm, since April 2004. From 1978 to 1980 and from 1982 to April 2004, held various positions with Morgan Stanley, an investment banking firm, including Managing Director and Co-Head of the Global Banking Department from 1999 to 2004. Member of the Board of Directors of: Federal Home Loan Mortgage Corporation (Freddie Mac).