Gary Parr

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Gary Parr
Nationality United States
Alma mater BSBA University of North Carolina
MBA Northwestern University
Occupation Investments
Employer Apollo Global Management
Spouse(s) Katherine Parr (neé Gibbs)

Gary W. Parr is Senior Managing Director of Apollo Global Management and co-chairman of firm’s Management Committee [1], and was a vice chairman and board member of Lazard. He was previously an investment banker who had focused on the financial services industry for more than 30 years.

Career[edit]

Parr began his career at First Boston Corp., where he worked on insurance industry mergers. [2] In 1988 he was part of a group that formed the advisory firm Wasserstein Perella, co-founded by Bruce Wasserstein and Joseph Perella and rose to be Co-President. 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.[2][3]

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.[2][4]

Personal[edit]

Parr is from Charlotte, North Carolina. He attended the University of North Carolina at Chapel Hill. He graduated from Kenan-Flagler Business School in 1979 with honors, Phi Beta Kappa and Beta Gamma Sigma. He also received an MBA from Northwestern University’s Kellogg School of Management.[2][5]

Parr is said to enjoy architectural renovation projects, and owns historic properties in Tuxedo Park, NY and Palm Beach, Florida, as well as a home in New York City. He was formerly chairman of Venetian Heritage, a historical restoration organization.[6]

He established the Parr Center for Ethics at the University of North Carolina at Chapel Hill in 2004. Among other activities, the Parr Center sponsors visiting scholars, talks by prominent philosophers, and intercollegiate debates on ethical issues.[7]

In October 2014 the Wainstein Report revealed that the Director of the Parr Center for Ethics, Jan Boxill, "... was responsible for funneling student-athletes into bogus paper classes and negotiating the grade they would need to stay eligible" in an academic fraud at UNC that persisted from 1997 until 2011. In November 2014, Geoffrey Sayre-McCord, an eminent meta-ethacist specializing in moral relativism and the ethical perspectives of David Hume, replaced Boxill as Director of the Parr Center for Ethics.[8]

In 2013 he was awarded the Distinguished Alumnus Award from the University of North Carolina.[5]

Parr is currently Chairman Emeritus of the New York Philharmonic, and served as Chairman from September 2009 to February 2015.[3][9][10]

He also served on the Board of the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill.[4]

Affiliations[edit]

References[edit]