Former Nassau County Executive Tom Suozzi has been hired as a senior advisor to Manhattan-based international financial advisory and asset management firm Lazard Ltd., the company announced in a statement Tuesday.
Suozzi, a Democrat, lost his bid for re-election as Nassau’s top-elected official last December to Republican Ed Mangano following a razor-thin recount. The following month, Suozzi was hired by one of his largest campaign contributors, Bethpage-based Cablevision Systems Corp., as a consultant to its Local Media Group, which includes holdings Newsday, am New York and News 12. He also launched an unsuccessful run for New York State Governor in 2006.
According to Lazard’s statement, Suozzi, in addition a former mayor of Glen Cove, will work in conjunction with the firm as it advises governments and infrastructure companies in matters relating to public-private partnerships and financial transactions in the United States.
“Tom’s years as a government reformer, along with his budgeting experience and knowledge of infrastructure and transportation, will bring a deep understanding of how public-private partnerships can help bridge local and state budget gaps, while benefiting all stakeholders, whether they be investors, governments, local communities or citizens,” George Bilicic, global head of power, energy and infrastructure at Lazard, said in a statement. “He provides a unique perspective regarding the challenges facing institutions that are seeking to invest in public-private partnerships and, of course, has real-life insight into the workings of government.”
Suozzi will continue as a consultant to Cablevision, said a company spokesperson.