Frank Pizzitola, a general partner at Lazard Freres & Co. who worked with such legendary figures as Andre Meyer, Michel David-Weill and Felix Rohatyn during a 21- year career at the investment bank, has died. He was 89.
'Frank was a good banker and a good friend, and we will all miss him', Rohatyn said in an e-mail. Rohatyn, 84, is now special adviser to Kenneth Jacobs, chairman and chief executive officer of Lazard Ltd. (LAZ), as the company is now known.
A veteran of the chemical industry, Pizzitola was one of the 'industrial men' brought into New York-based Lazard in the 1970s to carry out 'the long-overdue metamorphosis inside the firm toward industry specialization', William Cohan wrote in his 2007 book, The Last Tycoons: The Secret History of Lazard Freres & Co. His focus was mergers and acquisitions, a field Lazard dominated in the 1960s and 1970s.
A graduate of Harvard Business School, Pizzitola joined Lazard in New York in 1973 after serving as president of Jim Walter Corp., a building-materials company in Tampa, Florida.
As a general partner from 1973 to 1994, Pizzitola helped guide Lazard in its sometimes-turbulent final decades as a closely held family partnership.
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