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Bruce Wasserstein, the famous rainmaker who ran Lazard, the investment bank, died yesterday, three days after he was hospitalised with an irregular heartbeat.
Details of the circumstances surrounding his death were not immediately available.
Mr Wasserstein, a Harvard graduate who has worked on deals worth more than $250 billion during a 40-year career on Wall Street, is known as one of the pre-eminent dealmakers and in the days before his hospitalisation was advising Kraft on its $16.7 billion takeover bid for Britain's Cadburys.
On Sunday night Lazard revealed that Mr Wasserstein was in a serious but stable condition in hospital after suffering from arrythymia. The bank said at the time that the 61-year-old was recovering.
A Lazard spokeswoman did not immediately respond to requests for comment on news of Mr Wasserstein's death.
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