Deals
Perella Weinberg Plans to Name Peter Weinberg as CEO
- Investment bank said to plan leadership shuffle amid IPO prep
- Firm may also redistribute equity among partners: sources
This article is for subscribers only.
Peter Weinberg is set to become chief executive officer of the firm he helped found as Perella Weinberg Partners shuffles its leadership -- and potentially the stakes of its partners -- in planning for an initial public offering, according to people with knowledge of the matter.
Bob Steel, the former Treasury Department official who joined the investment bank as CEO in 2014, will become chairman, said the people, who asked not to be identified because the decision hasn’t been announced. Chairman Joe Perella, who founded the firm in 2006 with Weinberg, will become chairman emeritus, the people said.