Larry Grafstein
Larry Grafstein | |
|---|---|
| Born | Laurence Stephen Grafstein |
| Education | Harvard University (B.A.) 1982
University of Oxford (M.Phil) 1984 University of Toronto (Juris Doctor) 1988 |
| Occupations | M&A advisor, banker |
| Known for | RBC Capital Markets (Deputy chairman) |
| Spouse | Rebecca Weatherhead (married 1989–present) |
| Relatives | Jerry Grafstein (father) |
Larry Grafstein (born Laurence S. Grafstein[1]) is an American investment banker and Mergers and Acquisitions advisor, currently the Deputy Chairman of the Global Investment Bank at RBC Capital Markets.[2][3][4][5]
Early life and education
Larry Grafstein is the son of former Canadian senator Jerry Grafstein and Carole Grafstein, a member of the Order of Canada.[3][6] He graduated from Harvard University with Bachelor of Arts in 1982 where he was Executive Editor of The Harvard Crimson.[7][8]
He received his M.Phil degree from University of Oxford at Balliol, where he was a Rhodes Scholar and president of the Oxford Union.[9][10] He received his Juris Doctor from University of Torronto Faculty of Law in 1988.[11][3]
Career
Grafstein began his Wall Street career at Wasserstein Perella & Co. in 1990.[12] In 2001, he became the Managing Director and Co-head of Technology, Media and Telecommunications at the investment bank, Lazard Ltd.[13][14][15] In March 2009, Grafstein helped lead the group that bought The New Republic magazine, together with its longtime editor Martin Peretz, from CanWest Communications.[16][17] He also chaired The New Republic’s Advisory Board until its subsequent sale to Facebook co-founder, Chris Hughes in 2012.[18][19][20][21][22]
Later in 2009, Grafstein joined Rothschild & Co. in New York as a Managing Director and Co-head of M&A.[23][24][25] In September 2012, he left Rothschild & Co and joined Swiss financial services company, UBS Group AG as Co-head of M&A in the Americas.[26][27][28] He worked at UBS as the co-head of M&A in the Americas.[29][30][31] Since September 2018, Grafstein has served as the Managing Director and Deputy Chairman of the Global Investment Bank at RBC Capital Markets.[32][33]
Larry Grafstein is also the Chairman of the Board of Trustees at Horace Mann School,[7] a member of the executive committee of the Wall Street division of UJA-Federation of New York[34] and a member of the Board of Trustees of the U.S. Foundation of Upper Canada College, his high school alma mater.[35]
Personal life
Grafstein has been married to Rebecca Weatherhead since 1989.[36][37]
References
- ^ Basar, Shanny (2010-10-18). "Investment banker of the Week: Laurence Grafstein - UBS's $600bn man". Financial News. Retrieved 2025-11-12.
- ^ "DealBook Briefing: Inside McKinsey's Biggest Crisis". The New York Times. 2018-06-27. ISSN 0362-4331. Retrieved 2025-11-12.
- ^ a b c Posadzki, Alexandra (2018-06-25). "RBC snags UBS banker Larry Grafstein as deputy chairman". The Globe and Mail. Retrieved 2025-11-12.
- ^ "RBC's Grafstein Sees Market Caution Amid Fed Uncertainty". Bloomberg. March 9, 2023. Retrieved 2025-11-12.
- ^ Morrell, Alex. "RBC's deputy chairman of investment banking explains why M&A has returned with a vengeance after going dormant last quarter". Business Insider. Retrieved 2025-11-12.
- ^ "Mrs. Carole Sandra Grafstein". The Governor General of Canada. Retrieved 2025-11-12.
- ^ a b Sweet, Vivien. "Larry Grafstein becomes the new Chairman of Board of Trustees". The Record. Retrieved 2025-11-12.
- ^ "Fewer Win U.S. Rhodes Scholarships | The Harvard Crimson". www.thecrimson.com. January 6, 1982. Retrieved 2025-11-12.
- ^ Barbara, Amiel (1985-01-05). "Larry Grafstein leaves Oxford's debating club , but we'll hear from him again". The Kingston Whig-Standard. p. 5. Retrieved 2025-11-12 – via Newspapers.com.
- ^ Purnell, Sonia (2011-09-22). Just Boris: A Tale of Blond Ambition - A Biography of Boris Johnson. Aurum. ISBN 978-1-84513-741-0.
- ^ "Grafstein Lecture in Communications 2023 | University of Toronto Faculty of Law". www.law.utoronto.ca. Retrieved 2025-11-12.
- ^ "M&A … and Bruce". The New Republic. 2009-10-15. ISSN 0028-6583. Retrieved 2025-11-12.
- ^ Sidel, Robin (2001-07-18). "Grafstein Joins Lazard In Coup for the Bank". Wall Street Journal. ISSN 0099-9660. Retrieved 2025-11-12.
- ^ "Two Bankers Put the Blame on Wall Street". The New York Times. 2008-09-29. Retrieved 2025-11-12.
- ^ "UBS holt sich neuen M&A-Chef für Amerika". finews.ch (in German). 2012-08-22. Retrieved 2025-11-12.
- ^ "Canwest sells magazine to meet debt payments". CTV News. 2009-03-09. Retrieved 2025-11-12.
- ^ Koblin, John (2009-03-06). "Marty Peretz, Larry Grafstein in Discussions to Buy The New Republic". The New York Observer. Retrieved 2025-11-12.
- ^ Lizza, Ryan (2014-12-12). "Inside the Collapse of The New Republic". The New Yorker. ISSN 0028-792X. Retrieved 2025-11-12.
- ^ Farhi, Paul (2023-05-19). "Chris Hughes, Facebook co-founder, takes over New Republic magazine". Washington Post. ISSN 0190-8286. Retrieved 2025-11-12.
- ^ Peretz, Martin (2023-07-11). The Controversialist: Arguments with Everyone, Left Right and Center. Simon and Schuster. ISBN 978-1-63758-228-2.
- ^ Waldman, Paul (2009-03-06). "The Future of The New Republic". The Daily Beast. Retrieved 2025-11-12.
- ^ Legg, Heidi (2020-03-25). "Preserving America's Thought Leader Magazines". Shorenstein Center. Retrieved 2025-11-12.
- ^ "Grafstein to take top Rothschild US M&A job -WSJ". Reuters. 2009-06-15. Retrieved 2025-11-12.
- ^ O’Donnell, Carl (2018-06-22). "MOVES-RBC hires veteran banker Grafstein from UBS for senior role -sources". Reuters. Retrieved 2025-11-12.
- ^ Nast, Condé (2010-03-29). "Bruce Wasserstein's Last Surprise". Vanity Fair. Retrieved 2025-11-12.
- ^ Brumpton, Harry (2018-06-05). "UBS hires Solon Kentas to lead U.S. consumer and retail M&A". Reuters. Retrieved 2025-11-12.
- ^ "New York Boutiques Take Center Stage on AT&T-Discovery Megadeal". Bloomberg.com. 2021-05-18. Retrieved 2025-11-12.
- ^ Merced, Michael J. de la (2012-08-21). "UBS Hires Grafstein as Co-Head of M.&A. in the Americas". The New York Times. Retrieved 2025-11-12.
- ^ "U.S. tax curbs on debt deduction to sting buyout barons". Reuters. 2017-12-21. Retrieved 2025-11-12.
- ^ Nahl, Lexi (2016-08-16). "UBS's Grafstein Says M&A Being Spurred by Slow Economic Growth". Bloomberg. Retrieved 2025-11-12.
- ^ "Global M&A volume down, but big US deals driving activity: Grafstein". CNBC. Retrieved 2025-11-12.
- ^ Morrell, Alex. "2018 has been one of the wildest years in M&A since the financial crisis — here are the 40 biggest investment-banker moves". Business Insider. Retrieved 2025-11-12.
- ^ Rosenbaum, Joshua; Pearl, Joshua (2020-03-20). Investment Banking: Valuation, LBOs, M&A, and IPOs. John Wiley & Sons. p. 23. ISBN 978-1-119-70658-8.
- ^ "Wall Street Dinner Dais". UJA-Federation of New York. Retrieved 2025-11-12.
- ^ "Philanthropic Leadership | Upper Canada College". www.ucc.on.ca. Retrieved 2025-11-12.
- ^ Rabines, Amanda (2017-06-02). "Oceana Bal Harbour | Eduardo Costantini | Bal Harbour unit". The Real Deal. Retrieved 2025-11-12.
- ^ "Below, getting ready to make their first entrance as a newly married couple are Rebecca Grafstein in a wedding grown of white silk and lace by Milli of Hamilton, and Laurence Grafstein". Digital Archive. 1989-08-08. Retrieved 2025-11-12.