Peter Weinberg Explained

Peter Amory Weinberg
Known For:Founding Partner,[1] Perella Weinberg Partners
Birth Date:9 July 1957
Birth Place:Rye, New York, US
Spouse:Deborah L. Weinberg
Children:3 sons
Alma Mater:Claremont McKenna College (BA)
Harvard University (MBA)
Occupation:Businessman

Peter Amory Weinberg (born c. 1957) is an American businessman. He spent almost twenty years of his career at Goldman Sachs before co-founding Perella Weinberg Partners with merger specialist, Joseph Perella in 2006.[2] The firm provides M&A advisory and alternative asset management services.[3] Weinberg is its chief executive officer and founding partner.[4] [5]

Education

Weinberg attended Deerfield Academy, received his undergraduate degree at Claremont McKenna College in 1979,[1] [6] and earned his MBA at Harvard Business School in 1983.[7]

Business career

Morgan Stanley

Weinberg started his career as an analyst at Morgan Stanley & Co in 1979, where he worked before and after attending Harvard Business School.[1] Weinberg was with Morgan Stanley’s Corporate Finance Department from 1986 to 1988.[7] [8]

Goldman Sachs

He joined Goldman Sachs in 1988 and became a partner in 1992.[4] He held a number of senior management positions at the firm. He founded the Financial Sponsors Group, led Investment Banking Services, ran the Communications, Media and Telecom Group, and co-headed the Global Investment Banking Division.[4] Weinberg rose to CEO of Goldman Sachs International, a position he occupied in London from 1999 to 2005.[1] He was on the firm’s Management Committee and also led the firm’s European Management Committee.[9]

Perella Weinberg Partners

In 2005, after having been chief executive of Goldman Sachs International for seven years, Weinberg decided he wanted to start a new company.[10] Former vice chairman at Morgan Stanley, Joseph Perella, was also planning on starting a new company.[11] The two connected, and they formed a partnership in 2005.[12] They launched their new business in 2006.[12] The company, called Perella Weinberg Partners, is an advisory and asset-management firm based in New York and London.[2] It has expanded since its formation, with approximately 650 employees,[13] approximately $13.8 billion in assets,[14] and additional offices in Abu Dhabi, Denver, Dubai, San Francisco, Houston, Calgary, Los Angeles, Austin and Chicago.[15] [16] Weinberg is a founding partner and chief executive officer of the firm.[17] Since co-founding the firm in 2006, Weinberg has advised clients on over $800 billion of transactions.[18]

Weinberg is a frequent commentator on CNBC and Bloomberg TV and quoted expert on a range of topics, including: current trends and the future of mergers and acquisitions,[19] [20] [21] shareholder activism,[22] [23] and financial markets[24] and financial institutions in general.[25] He is a regular Op-Ed contributor to The New York Times,[23] The Wall Street Journal,[25] the Financial Times,[2] [26] and The Sunday Times.[27] He has commented on the global economy at the World Economic Forum in Davos, Switzerland.[28] [29]

Boards and philanthropy

Weinberg is on the Boards of Overseers at Memorial Sloan Kettering Cancer Center and Columbia University Medical School.[30] He is a Founding Trustee of King's Academy in Jordan.[2] [31] He also is a member of the advisory board of the Kravis Leadership Institute and is on the Harvard University Global Advisory Council.[32]

In 2013, he and his wife Deborah L. Weinberg founded the Weinberg Family Cerebral Palsy Center at Columbia University.[33] He previously was on the board of Deerfield Academy and the Harvard Business School Deans Advisory Board.[8] [34]

Weinberg is on the executive committee for the Business Higher Education Forum, a group of business leaders and university presidents working to better align higher education curriculum with workforce needs.[35] [36]

Personal life

Weinberg is a dual citizen of the United States and the UK.[37] He lives outside of New York with his wife, Deborah, and his three children.[38]

The Weinberg family played a prominent and storied role at Goldman Sachs since the early 1900s. His grandfather, Sidney Weinberg, began as a janitor at the firm in 1907 and rose to be a senior partner for over 30 years.[39] He is known to be “the father of the Modern Goldman Sachs.” His uncle John L. Weinberg was a senior partner of the firm from 1984-1990. His father, Sidney J. Weinberg, Jr. was a senior partner and his cousin, John S. Weinberg was also a partner and co-head of the Investment Banking Division from 2002-2015.[40] [41]

Weinberg's mother, Elizabeth Houghton, is a member of the Houghton family who founded Corning Glass Works in 1851, now called Corning Inc. She is the sister of Amory Houghton, Jr. and James R. Houghton who both were chairman and CEO of Corning, as was their father Amory.[42] Elizabeth passed away in December 2018.[43]

Notes and References

  1. News: Peter Weinberg of Goldman Sachs Joins Perella's Banking Boutique. Randall Smith. . January 14, 2006 .
  2. News: View from the Top - Peter Weinberg, co-founder of Perella Weinberg . Chrystia Freeland and Julie MacIntosh. . June 26, 2009.
  3. News: Perella Weinberg Partners Asset Based Value Strategy and Hawke Aerospace Holdings Launch Helicopter Leasing Venture (Press release). . https://web.archive.org/web/20141110221842/https://www.reuters.com/article/2014/01/29/ny-perella-weinberg-idUSnBw295145a+100+BSW20140129 . 2014-11-10. dead . January 29, 2014.
  4. News: Executive Profile Peter Amory Weinberg . https://archive.today/20141107172051/http://investing.businessweek.com/research/stocks/private/person.asp?personId=13154626&privcapId=26752016 . dead . November 7, 2014 . . November 7, 2014.
  5. Web site: Perella Weinberg set to name Peter Weinberg as chief executive. https://ghostarchive.org/archive/d27aE . 2022-12-11 . subscription . live. Financial Times. January 10, 2019.
  6. News: Deborah Beth Lindenauer Is Planning June 1 Wedding to Peter A. Weinberg. David Goldman. . March 9, 1986.
  7. News: Peter A. Weinberg '79. Kravis Leadership Institute . November 4, 2014.
  8. News: Boutique Bank Lands Ex-Goldman Star. Jenny Anderson and Landon Thomas Jr.. . January 14, 2006 .
  9. News: European head of Goldman Sachs plans return to US. Peter Thal Larsen and David Wells. . January 27, 2005.
  10. News: Joseph Perella and Peter Weinberg: Secrets to a Successful Partnership. . December 19, 2012.
  11. News: Joseph R. Perella. https://web.archive.org/web/20140330082023/http://www.forbes.com/profile/joseph-r-perella/. dead. March 30, 2014. . November 7, 2014.
  12. News: Bringing Banking Back to the Future. https://web.archive.org/web/20121025135009/http://www.businessweek.com/stories/2006-06-14/bringing-banking-back-to-the-futurebusinessweek-business-news-stock-market-and-financial-advice. dead. October 25, 2012. . June 14, 2006 .
  13. News: Perella Weinberg and Tudor Pickering Holt to combine . . Ciara Linnane. November 14, 2016 .
  14. News: Asset Management . Perella Weinberg Partners. March 28, 2018.
  15. News: Perella Weinberg Partners Opens Chicago Office; Names Brennan Smith Partner. . January 8, 2018.
  16. News: Company Overview of Perella Weinberg Partners LP. https://web.archive.org/web/20081231214934/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=26752016. dead. December 31, 2008. . November 8, 2014.
  17. News: Peter A. Weinberg . . November 7, 2014.
  18. News: Banking Veteran Steel Named CEO of Perella Weinberg. Telis Demos and Laura Kusisto. . May 28, 2014.
  19. News: Deal Makers Discuss the Future of M&A. . March 8, 2012 .
  20. News: Next Hot Sector For An M&A Deal. . February 19, 2013.
  21. News: M&A Boom Bounce Back?. . March 8, 2012.
  22. News: Activist Investor: Good or Bad For Markets?. . April 29, 2013.
  23. News: Powerful, Disruptive Shareholders. Joseph Perella and Peter Weinberg. . April 8, 2014.
  24. News: Jeremy Siegel: My Dow 18K prediction only 50-50 now. Matthew J. Belvedere. . October 24, 2014.
  25. News: Wall Street Needs More Skin in the Game. Peter Weinberg. . September 30, 2009.
  26. News: Sovereign funds offer a wealth of benefits. Peter Weinberg. . May 22, 2008.
  27. News: The preppy pathway to peace for Arab children. https://web.archive.org/web/20160303234922/http://www.thesundaytimes.co.uk/sto/news/uk_news/article71559.ece . dead . March 3, 2016 . Peter Weinberg. . June 26, 2009.
  28. News: Perella Weinberg Partners' Peter Weinberg Interview . . January 26, 2014.
  29. News: Perella, Weinberg Interview on Global Economy . . January 27, 2014.
  30. News: Boards of Overseers and Managers. . March 26, 2014.
  31. News: Board of Trustees. King's Academy. November 10, 2011. https://web.archive.org/web/20171207085243/https://www.kingsacademy.edu.jo/about/who-we-are/board-trustees. December 7, 2017. dead.
  32. News: Board of Trustees. Kravis Leadership Institute . November 11, 2011.
  33. News: Columbia Receives $7 Million to Launch the Weinberg Family Cerebral Palsy Center. . January 30, 2013 .
  34. News: Same Old, Same Old in the Mergers Arena . Anupreeta. Das. Dana. Cimilluc. Anupreeta Das. The Wall Street Journal. January 1, 2013.
  35. News: BHEF Members . Business Higher Education Forum. March 8, 2015.
  36. News: About BHEF. Business Higher Education Forum. March 8, 2015.
  37. News: BAE Systems appoints new non-executive director. FE Investegate . June 16, 2005.
  38. News: Q&A with Peter Weinberg. Vault.com . 2008.
  39. News: The Uses of Adversity. Malcolm Gladwell. The New Yorker. November 10, 2008.
  40. News: Executive Profile John S. Weinberg . https://archive.today/20141110182321/http://investing.businessweek.com/research/stocks/people/person.asp?personId=10662234&ticker=GS. dead. November 10, 2014. Bloomberg Businessweek. November 10, 2014.
  41. News: John L. Weinberg, 81, Former Leader of Goldman, Dies. Landon Thomas Jr. . The New York Times. August 9, 2006.
  42. News: Paid Notice: Deaths HOUGHTON, LAURA RICHARDSON . The New York Times. April 12, 2003.
  43. Web site: Elizabeth Weinberg Obituary. The New York Times. December 28, 2018.

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