Finance

Boutique Perella Weinberg promotes four key dealmakers to partner

Boutique investment bank Perella Weinberg named four new partners in its first promotion round since going public last year.

Former Credit Suisse dealmaker, Jérôme Brassart, is the one London-based partner included in this year’s class of promotions, the bank said in a statement. He joined PWP in 2019 and advises in the infrastructure sector.

The other three partner promotions at the boutique are Nikhil Menon, who leads Perella’s growth capital and special purpose acquisition companies, Mauro Rossi, a former Morgan Stanley banker who covers financial services clients, and its chief operating officer, Lisa Saski. All three are based in New York.

Perella Weinberg Partners, founded by dealmakers Joe Perella and Peter Weinberg 15 years ago, listed on the Nasdaq exchange in July by merging with a Spac run by entrepreneur Betsy Cohen.

READ Morgan Stanley just promoted 199 people to MD — its biggest class in a decade

In the first nine months of 2021, the bank posted revenues of $602.7m an increase of 83% on the previous year. Its compensation costs over the period swelled to $438.5m, which is up by 77% on 2020 as the bank increased headcount and performance rocketed during a deal boom.

Investment banks have promoted a larger number of managing directors over the course of 2021 in a bid to retain key talent amid a battle for dealmaking talent.

To contact the author of this story with feedback or news, email Paul Clarke

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