Michael Klein is a legendary investment banker on Wall Street with over 30 years of experience. He started his career at Lehman Brothers and was the youngest ever partner at the firm. Klein later co-founded boutique investment banks Lazard and Citi Global Banking division, where he advised on many high profile M&A deals. Klein’s success lies in his strong client relationships and deal-making skills.
Klein’s Early Days at Lehman Brothers
Klein joined Lehman Brothers in 1977 right after graduating college. He quickly rose through the ranks and was named partner in 1984 at just 31 years old, the youngest ever partner at Lehman. During his early days, Klein helped CEO Pete Peterson transform Lehman from a failing firm into an investment banking powerhouse.
Founding Lazard and Leading High Profile Deals
In 2000, Klein left Lehman Brothers to co-found boutique investment bank Lazard along with other senior bankers. As Chairman of Lazard, Klein led some of the biggest M&A transactions in history – Vodafone’s acquisition of Mannesmann, Pfizer’s purchase of Pharmacia, and Verizon’s buyout of Vodafone stake.
Returning to Lead Citi’s Banking Division
In 2008, Klein returned to a large bank by joining Citigroup to lead the firm’s global banking division. Under his leadership, Citi advised on major deals even during the financial crisis. Klein stepped down as division head in 2018 but remains Chairman of Citi’s Institutional Clients Group.
Klein’s Legacy and Reputation on Wall Street
With his track record of success, Michael Klein has built a sterling reputation on Wall Street as a preeminent dealmaker and trusted advisor for CEOs. He has cultivated deep relationships with clients over decades through his sharp instincts and creative deal solutions. Klein’s legacy will be remembered as an investment banker who shaped the industry through mega M&A transactions.
In summary, Michael Klein is regarded as a legendary investment banker on Wall Street due to his early success at Lehman Brothers, co-founding top boutique bank Lazard, leading Citi’s global banking division, and advising on some of the largest corporate transactions over the past 30 years. Klein has left an indelible mark on the investment banking industry.