Ambassador to Hungary, Peter Tufo was with the law firm of Milbank, Tweed, Hadley & McCloy in New York City, specializing in mergers and acquisitions and corporate finance.

Until 1996 he was a managing director of Investment Banking at Merrill Lynch & Co. advising on domestic and international corporate financing, focusing particularly on developing nations in Asia.

Prior to joining Merrill Lynch, Tufo was Senior Advisor at Lazard Freres & Co., where he specialized in mergers and acquisitions and financial advisory work.

From 1989 to 1996, Tufo also served as unpaid chairman and chief executive officer of the New York State Thruway Authority, the largest toll road and bridge system in the U.S.

Subsequently, he was appointed Assistant to the Mayor for federal affairs and established the City's first office in Washington where he worked for three years with the Congress and the White House to pass major urban and civil rights legislation.

Thereafter, Tufo served as on-camera host and commentator for the award-winning Metromedia television documentary series, The Cost of Crime, which analyzed the problems of the New York criminal justice system in seven one-hour Sunday night special programs.

[1][2] In 1976, when Alexandra remarried, The New York Times noted Tufo was a frequent escort to Lee Radziwill, the elegant sister of former First Lady Jacqueline Bouvier Kennedy Onassis.