Monday, 22 September 2014
Last updated 2 days ago
May 28 2014 | 9:51am ET
Perella Weinberg Partners has turned to a former Wachovia CEO and government official to lead it into the future.
The boutique investment bank, which boasts a sizeable asset management business, said that Robert Steel would become its CEO on July 7, succeeding firm founder Joseph Perella, who will remain executive chairman. “This is all about our futures,” Perella told The New York Times. “This is a move we’re making because it’s an opportunity-rich time.”
Steel was most recently a deputy mayor in New York under former Mayor Michael Bloomberg. A former vice chairman at Goldman Sachs, were he spent 28 years, Steel served as undersecretary to the Treasury under former Goldman CEO Henry Paulson from 2006 to 2008, joining Wachovia at the end of the Bush administration and overseeing its sale to Wells Fargo.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.