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Gary Parr

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Gary Parr
NationalityUnited States
Alma materBSBA University of North Carolina
MBA Northwestern University
OccupationInvestment banker
EmployerLazard Ltd

Gary W. Parr is a vice chairman of Lazard.[1] He is an investment banker who has focused on the financial services industry for more than 30 years. Since 2009, he has also been chairman of the New York Philharmonic. [2][3]

Career

Parr began his career at First Boston Corp., where he worked on insurance industry mergers. [4] In 1988 he was part of a group that formed the advisory firm Wasserstein Perella, co-founded by Bruce Wasserstein and Joseph Perella. In 1993, he moved to Morgan Stanley, where his roles included heading the global financial institutions group and co-heading the global M&A division. He joined Lazard in 2003. [1][3][4]

He has advised clients on many of the largest mergers and acquisitions and strategic investments in the financial services industry, including: the sale of Lehman’s North American investment banking business to Barclays; the sale of Bear Stearns to JP Morgan; Mitsubishi UFJ’s investment in Morgan Stanley; Kuwait’s investment in Citigroup; China Investment Corp.’s investment in Morgan Stanley; the merger of Bank of New York and Mellon; the sale of Donaldson Lufkin & Jenrette to Credit Suisse First Boston; Dean Witter Discover’s merger with Morgan Stanley; and Berkshire Hathaway’s acquisition of GEICO. [1][4][5]

==Education==[6]

Personal

Parr is a Charlotte, NC native. He was an underachiever in his formative years and was denied admission to his preferred college (UNC-Chapel Hill) because "his grades were 'awful' and he 'didn’t even try' in high school." He recognized certain deficiencies in character and/or effort, remedied them, and has clearly risen above them in his academic and professional pursuits. Parr was quoted saying “failure can many times be a driver, being rejected from Carolina was the best thing that ever happened to me. The day after I was rejected, I started focusing on how to succeed.”[6]

Parr is divorced with two grown children. He lives alone in a 24,000-square-foot (2,200 m2) mansion located in Tuxedo Park, NY. The residence has 26 bedrooms and 11½ baths and is set amid 6.2 acres (25,000 m2) [7]. He leads an active social life and is a regular on the Sundance Film Festival party circuit, and is also known to accompany high profile television personalities such as Michelle Caruso-Cabrera to various social events, as well as traveling together internationally [8] [9]

Parr frequently appears in the New York Social Diary [10] [11]

He established the Parr Center for Ethics at the University of North Carolina at Chapel Hill in 2004.[12] In 2013 he was awarded the Distinguished Alumnus Award from the University of North Carolina. [13]

In addition to his role as chairman of the New York Philharmonic, Parr has served on a variety of not-for-profit organizations. He also served on the Board of the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill. [1][5] Parr is said to enjoy architectural renovation projects, and has restored an historic property in Tuxedo Park, New York. [14]

Affiliations

References

  1. ^ "Chairman Gary W. Parr". New York Philharmonic.
  2. ^ a b Daniel J. Wakin (2009-06-12). "New York Philharmonic Names Gary Parr Chairman". The New York Times. Retrieved 2009-06-11.
  3. ^ a b c Matt Golosinski. "Theory into Practice: Analytical and 'people' skills both key, says financial ace Gary Parr '80". Retrieved 2007. {{cite web}}: Check date values in: |accessdate= (help)
  4. ^ a b "The Global Engineer". Retrieved 2008-1-22. {{cite web}}: Check date values in: |accessdate= (help); Unknown parameter |Author= ignored (|author= suggested) (help)
  5. ^ Parr attended North Carolina State University for his freshman and sophomore years [5] and then transferred to the University of North Carolina at Chapel Hill for his junior and senior campaigns. He went on to graduate from UNC with honors: Phi Beta Kappa and Beta Gamma Sigma. He also received an MBA from Northwestern University. While at UNC, Parr was a member of Pi Kappa Phi Fraternity.
  6. ^ http://nypost.com/2008/03/23/none-over-parr/
  7. ^ http://radaronline.com/exclusives/2008/10/michelle-caruso-cabrera-cnbc-maria-bartiromo-gary-parr-china-pictures-maria-bartiromo-php/
  8. ^ http://nypost.com/2008/03/23/none-over-parr/
  9. ^ http://www.newyorksocialdiary.com/social-diary/2007/discovering-asolo
  10. ^ http://www.newyorksocialdiary.com/party-pictures/2009/moonlight-and-more
  11. ^ Cite error: The named reference parrcenter was invoked but never defined (see the help page).
  12. ^ Cite error: The named reference UNCAlumni was invoked but never defined (see the help page).
  13. ^ "Tuxedo Park FYI".

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