“Right now is really the first time since the financial crisis that we’re seeing the light at the end of the tunnel,” says Kenneth Jacobs (pictured, right), CEO, Lazard Ltd. (NYSE: LAZ) .“We’re seeing real seeds of an economic recovery, which will result in more confidence, and the M&A cycle will kick in,” says Jacobs, speaking at the Bloomberg Markets 50 Summit on Sept. 24, five years after the collapse of Lehman Brothers.

“The M&A cycle that has started now is more for corporates than for private equity firms,” says James Lee (pictured, below), vice chairman, JPMorgan Chase & Co. (NYSE: JPM), who also spoke at the gathering, held at the New York-Historical Society.

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