Thursday, 30 July 2015
Last updated 1 hour 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…