Thursday, 23 March 2017
Last updated 56 min ago
Sep 22 2011 | 1:56am ET
Boutique investment bank and hedge fund manager Perella Weinberg Partners has opened its first office in East Asia with an eye towards boosting its advisory and asset management business.
The New York-based firm said yesterday that Beijing had become the home of its seventh office. The new base will be led by managing director Naichen Shi, who is to work closely with asset management head Terry Meguid and corporate advisory head Peter Weinberg, Perella Weinberg said.
"Given the current and future importance of China in the financial markets, and as a market for financial services, this was a logical next step in the geographic expansion of Perella Weinberg Partners," Meguid said. "The opportunities for both our advisory and growing asset management businesses mirror nicely the development occurring across China and the broader Asian market."
Perella Weinberg's expansion into China follows the opening of its first Middle East office in Abu Dhabi a year ago. The firm also has an office in London and four in the U.S.