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IBM sought Mr. Jordan’s advice when it needed a new chief executive; he set the wheels in motion for James Wolfensohn to be named president of the World Bank; he recommended people for jobs ranging from summer intern to secretary of state.

Wolfensohn died Wednesday at his home in Manhattan according to the Institute for Advanced Study, where he had been a past chair of the board.

Wolfensohn, born in Australia, worked on Wall Street for many years before taking over as the head of the World Bank, a loan-offering global development organization, in 1995.

Along with his three children, Wolfensohn is survived by seven grandchildren.

Mr. Wolfensohn took over an institution besieged from both sides of the political spectrum.