Wednesday, 25 November 2015
Last updated 13 hours 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…