Lazard Names Matt Spence Head Of Defense Technology And Emerging Technology

September 21, 2026 - 20:20

Lazard has named Matt Spence as Head of Defense Technology and Emerging Technology within its Technology Group. The appointment signals a push to deepen the firm's advisory work as investment and deal activity accelerates across defense and dual-use technologies.

Spence brings experience at the intersection of national security, government, and private capital. His background includes time in public service and roles focused on emerging technology, which the firm expects to leverage as clients navigate a rapidly shifting landscape. Defense contractors, startups, and investors are all looking for guidance on partnerships, financing, and acquisitions in a sector that has drawn fresh attention in recent years.

The move reflects broader momentum in defense technology, where software, autonomy, and advanced manufacturing have attracted record levels of private funding. Banks and advisory firms are competing to position themselves early in a market that was once considered niche. Lazard's decision to create a dedicated leadership role suggests it sees sustained demand rather than a short-term spike.

Spence will work alongside existing teams covering aerospace, government services, and technology. His mandate includes building relationships with founders, boards, and institutional investors. The firm has not disclosed further details about the scope of the role or any additional hires tied to the announcement.