Perella Weinberg Taps Steel As CEO

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.


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Rastegar: PE Real Estate Gains Momentum as Uncertainty Rises

Jul 21 2017 | 6:04pm ET

The steady march of equity markets and fundamental shift in the direction of Fed...

 

From the current issue of