Lazard has named Tracy Farr as its new Chief Financial Officer, placing a long-serving senior executive in charge of the firm’s financial and strategic planning functions. Farr brings more than 20 years of experience, including over a decade at Lazard, where he most recently served as a Managing Director in the Capital Structure Advisory group and worked closely with senior leadership on corporate development and strategy. His background spans complex mergers and acquisitions, financing structures, and valuation work across public and private companies. Before joining Lazard in 2013, he worked as a Certified Public Accountant and consultant at EY and as a researcher at the Financial Accounting Standards Board, giving him a strong technical base in financial reporting and controls.
Farr succeeds Mary Ann Betsch, who will move into a senior advisory role to support a smooth transition. During her tenure, Betsch led major upgrades to Lazard’s reporting and planning systems and guided the firm through its transition to a C-corporation while broadening shareholder engagement. As CFO, Farr will focus on improving operating efficiency, supporting profitable growth, and aligning financial strategy with Lazard’s long-term 2030 plan.
Peter R. Orszag, Lazard CEO and Chairman, stated, “Tracy brings a rare combination of strategic insight, financial rigor, and deep familiarity with our business. He embodies the best of Lazard—commercial, collegial, and committed to excellence.” He added, “As CFO, he will lead efforts to improve operational efficiency, helping drive profitable growth and progress toward Lazard 2030 goals.”
