PJ SOLOMON Founder and Chairman Peter J. Solomon celebrated his 80th birthday on Monday. Colleagues gathered with balloons and cake to enjoy the occasion.

Mr. Solomon founded PJ SOLOMON in 1989 as one of the first private independent investment banking firms on Wall Street. Previously, he was Vice Chairman of Lehman Brothers where he was Chairman of its Merchant Banking Division and Co-Chairman of the Investment Banking Division.

From 1978 to 1980, Mr. Solomon was Deputy Mayor of Economic Policy and Development in New York City under Mayor Edward I. Koch. He was also Chairman of the New York City Health and Hospitals Corporation, which operated 17 municipal hospitals. He served as Counselor to the United States Treasury in the Carter Administration in 1980.

In 2013, Mr. Solomon served as Co-Chairman of New York Governor Andrew M. Cuomo’s Tax Reform and Fairness Commission, charged with proposing reforms to the state’s complex tax code. He also served on Governor Cuomo’s Spending and Government Efficiency Commission (SAGE).

In addition to his work on Wall Street and in government, Mr. Solomon has also been recognized for his philanthropic contributions to a number of organizations, including Memorial Sloan-Kettering Cancer Center, The Federation of Jewish Philanthropies of New York City and the American Museum of Natural History.