Prior to founding Peter J Solomon Company, Peter had an extensive career that spanned both business and politics. After graduating from Harvard College, Peter began working at Lehman Brothers in New York and subsequently Paris. He returned to the States to attend the Harvard Business School and then continued his career at Lehman Brothers. From 1978 to 1980, Peter was Deputy Mayor of Economic Policy and Development in New York City under Mayor Edward Koch, and in 1980 he served as Counselor to the United States Treasury under the Carter Administration. During this time, he was also the Chairman of the New York City Health and Hospitals Corporation, and continues to serve on the board of Memorial Sloan Kettering Cancer Center and the Alzheimer’s Drug Discovery Foundation. During the 1980s, he was Vice Chairman of Lehman Brothers where he was Chairman of its Merchant Banking Division & Co-Chairman of the Investment Banking Division. In 1989, Peter founded PJSC, the first private independent investment banking firm. He has also served as director of numerous companies and non-profits, most notably The Stop & Shop Companies, Zagat Survey, the American Museum of Natural History, and The Manhattan Theatre Club.