Mr. Ralli holds a post-graduate diploma in banking and finance from the University of Paris-V, and is a
graduate of IEP Paris (economics and finance) and the ICN Business School in Nancy. He joined Crédit Lyonnais in 1970 where he served in a number of positions until 1981. 

In 1982, he became Secretary to the French Commission for Savings Development and Protection. From 1982 to 1985, he was director of financial negotiations at Crédit du Nord (primary bond and equity
markets, M&A, proprietary investment).

He joined Lazard in Paris in 1986 to help develop its primary equity market business.  In 1989, Mr. Ralli moved to the mergers and acquisitions department. He became managing partner in 1993 and was appointed as co-head of mergers and acquisitions at Lazard LLC in 1999. From 2000 to 2010, he was Managing Director and Deputy Chairman of the Executive Committee of Lazard LLC (United States). At the same time, he headed up its French branch (Maison Française) until 2009. He quit his executive role in 2010 and remained Chairman until 2012 of the European M&A business and the European asset management and private banking businesses.

In 2013, he founded IPF Management and IPF Partners, asset management and investment fund advisory companies working in the health sector and investing in the form of structured loans in biotech, medtech, diagnosis and vaccine companies. He was director and manager of these firms until December 2021. 

In 2017, he was involved in setting up LLC Real Estate Fund S.C.A., based in Luxembourg.