Key Takeaways
- • Patrick No, who oversees Lazard's secondary advisory and primary fundraising activities in Asia-Pacific, is understood to be leaving the bank, according to Private Equity International (PEI).
- • Lazard has given James Shipperlee and Jude Wong the nod to lead its combined APAC advisory business following its acquisition of Campbell Lutyens, per PEI reporting.
- • Lazard agreed in April 2026 to acquire Campbell Lutyens for approximately $575 million total consideration, including $460 million initial closing consideration, with closing expected by year-end.
- • Campbell Lutyens will operate under co-CEOs drawn from Lazard and Campbell Lutyens, reporting to Lazard CEO and Chairman Peter Orszag.
Summary
Lazard is reshuffling its Asia-Pacific advisory leadership as it integrates Campbell Lutyens, the private markets advisory firm it agreed to acquire in April 2026. According to Private Equity International, Patrick No, who oversees Lazard's secondary advisory and primary fundraising activities in the region, is understood to be leaving the bank. The report indicates that Lazard has nominated James Shipperlee and Jude Wong to lead the combined APAC advisory business.
Lazard announced a definitive agreement on April 30, 2026 to acquire Campbell Lutyens, which it describes as a premier global private markets advisor focused on fund placement and related advisory services. The transaction carries a total consideration of approximately $575 million, including $460 million paid at initial closing, and is expected to close by year-end.
At the global level, the combined business will be led by co-CEOs drawn from Lazard and Campbell Lutyens, reporting to Lazard CEO and Chairman Peter Orszag. Holcombe Green, Lazard's Global Head of Private Capital Advisory, has been appointed co-CEO, according to the firm's announcement.
The primary PEI article is partly paywalled, so the full details of the APAC leadership structure and Patrick No's departure terms were not available in the source material reviewed.
Lazard announced a definitive agreement on April 30, 2026 to acquire Campbell Lutyens, which it describes as a premier global private markets advisor focused on fund placement and related advisory services. The transaction carries a total consideration of approximately $575 million, including $460 million paid at initial closing, and is expected to close by year-end.
At the global level, the combined business will be led by co-CEOs drawn from Lazard and Campbell Lutyens, reporting to Lazard CEO and Chairman Peter Orszag. Holcombe Green, Lazard's Global Head of Private Capital Advisory, has been appointed co-CEO, according to the firm's announcement.
The primary PEI article is partly paywalled, so the full details of the APAC leadership structure and Patrick No's departure terms were not available in the source material reviewed.
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