Peter Weinberg

{{short description|American businessman}}

{{Infobox person

|name= Peter Amory Weinberg

|image=Peter A. Weinberg World Economic Forum 2013.jpg

|imagesize= 140px

|caption= Weinberg in 2013

|known for= Founding Partner,{{Cite news| url =https://online.wsj.com/news/articles/SB113720074259046633|title=Peter Weinberg of Goldman Sachs Joins Perella's Banking Boutique|author= Randall Smith|publisher=The Wall Street Journal |date =January 14, 2006 }} Perella Weinberg Partners

|term=

|birth_date= {{birth date and age |1957|07|9}}

|birth_place= Rye, New York, US

|death_date=

|death_place=

|spouse= Deborah L. Weinberg

|children= 3 sons

|alma_mater= Claremont McKenna College (BA)
Harvard University (MBA)

|occupation = Businessman

|party=

}}

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.{{Cite news| url =http://www.ft.com/intl/cms/s/f52c443c-61e9-11de-9e03-00144feabdc0,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2Ff52c443c-61e9-11de-9e03-00144feabdc0.html%3Fsiteedition%3Duk&siteedition=uk&_i_referer=#axzz3Hjhd2J6x|title=View from the Top - Peter Weinberg, co-founder of Perella Weinberg |author= Chrystia Freeland and Julie MacIntosh|publisher=Financial Times |date =June 26, 2009}} The firm provides M&A advisory and alternative asset management services.{{Cite news| url = https://www.reuters.com/article/2014/01/29/ny-perella-weinberg-idUSnBw295145a+100+BSW20140129 |title=Perella Weinberg Partners Asset Based Value Strategy and Hawke Aerospace Holdings Launch Helicopter Leasing Venture (Press release)|publisher=Reuters |archive-url=https://web.archive.org/web/20141110221842/https://www.reuters.com/article/2014/01/29/ny-perella-weinberg-idUSnBw295145a+100+BSW20140129 |archive-date=2014-11-10| url-status = dead |date = January 29, 2014}} Weinberg is its chief executive officer and founding partner.{{Cite news| url = http://investing.businessweek.com/research/stocks/private/person.asp?personId=13154626&privcapId=26752016 | archive-url = https://archive.today/20141107172051/http://investing.businessweek.com/research/stocks/private/person.asp?personId=13154626&privcapId=26752016 | url-status = dead | archive-date = November 7, 2014 |title=Executive Profile Peter Amory Weinberg |publisher=Bloomberg Businessweek |date = November 7, 2014}}{{cite web| url=https://www.ft.com/content/fed43548-152c-11e9-a581-4ff78404524e |archive-url=https://ghostarchive.org/archive/d27aE |archive-date=2022-12-11 |url-access=subscription |url-status=live|publisher=Financial Times|date=January 10, 2019|title=Perella Weinberg set to name Peter Weinberg as chief executive}}

Education

Weinberg attended Deerfield Academy, received his undergraduate degree at Claremont McKenna College in 1979,{{Cite news| url =https://www.nytimes.com/1986/03/09/style/deborah-beth-lindenauer-is-planning-june-1-wedding-to-peter-a-weinberg.html|title=Deborah Beth Lindenauer Is Planning June 1 Wedding to Peter A. Weinberg|author= David Goldman|work=The New York Times |date =March 9, 1986}} and earned his MBA at Harvard Business School in 1983.{{Cite news| url = http://kravisleadershipinstitute.org/people/peter-a-weinberg/|title=Peter A. Weinberg '79|publisher= Kravis Leadership Institute |accessdate = November 4, 2014}}

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. Weinberg was with Morgan Stanley’s Corporate Finance Department from 1986 to 1988.{{Cite news| url =https://www.nytimes.com/2006/01/14/business/14wall.html|title=Boutique Bank Lands Ex-Goldman Star|author=Jenny Anderson and Landon Thomas Jr.|work=The New York Times |date =January 14, 2006 }}

=Goldman Sachs=

He joined Goldman Sachs in 1988 and became a partner in 1992. 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. Weinberg rose to CEO of Goldman Sachs International, a position he occupied in London from 1999 to 2005. He was on the firm’s Management Committee and also led the firm’s European Management Committee.{{Cite news| url = http://www.ft.com/intl/cms/s/0/aae3de92-700a-11d9-850d-00000e2511c8.html#axzz3IP6pfJYf |title=European head of Goldman Sachs plans return to US|author=Peter Thal Larsen and David Wells|publisher=Financial Times |date =January 27, 2005}}

=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.{{Cite news| url =http://knowledge.wharton.upenn.edu/article/joseph-perella-and-peter-weinberg-secrets-to-a-successful-partnership/|title=Joseph Perella and Peter Weinberg: Secrets to a Successful Partnership|publisher=Wharton School of the University of Pennsylvania |date =December 19, 2012}} Former vice chairman at Morgan Stanley, Joseph Perella, was also planning on starting a new company.{{Cite news| url =https://www.forbes.com/profile/joseph-r-perella/| archive-url =https://web.archive.org/web/20140330082023/http://www.forbes.com/profile/joseph-r-perella/| url-status =dead| archive-date =March 30, 2014|title=Joseph R. Perella|work=Forbes |accessdate =November 7, 2014}} The two connected, and they formed a partnership in 2005.{{Cite news| url =http://www.businessweek.com/stories/2006-06-14/bringing-banking-back-to-the-futurebusinessweek-business-news-stock-market-and-financial-advice| archive-url =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| url-status =dead| archive-date =October 25, 2012|title=Bringing Banking Back to the Future|publisher=Bloomberg Businessweek |date =June 14, 2006 }} They launched their new business in 2006. The company, called Perella Weinberg Partners, is an advisory and asset-management firm based in New York and London. It has expanded since its formation, with approximately 650 employees,{{Cite news| url =https://www.marketwatch.com/story/perella-weinberg-and-tudor-pickering-holt-to-combine-2016-11-14-10913519|title=Perella Weinberg and Tudor Pickering Holt to combine |publisher=MarketWatch |author=Ciara Linnane|date =November 14, 2016 }} approximately $13.8 billion in assets,{{Cite news| url =https://www.pwpartners.com/asset-management|title=Asset Management |publisher=Perella Weinberg Partners|accessdate =March 28, 2018}} and additional offices in Abu Dhabi, Denver, Dubai, San Francisco, Houston, Calgary, Los Angeles, Austin and Chicago.{{Cite news| url =https://www.businesswire.com/news/home/20180108006245/en/Perella-Weinberg-Partners-Opens-Chicago-Office-Names|title=Perella Weinberg Partners Opens Chicago Office; Names Brennan Smith Partner|publisher=Business Wire |date =January 8, 2018}}{{Cite news| url =http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=26752016| archive-url =https://web.archive.org/web/20081231214934/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=26752016| url-status =dead| archive-date =December 31, 2008|title=Company Overview of Perella Weinberg Partners LP|publisher=Bloomberg Businessweek |date =November 8, 2014}} Weinberg is a founding partner and chief executive officer of the firm.{{Cite news| url =http://www.pwpartners.com/our-team/partners/biography?id=1277 |title=Peter A. Weinberg |publisher=Perella Weinberg Partners |accessdate =November 7, 2014}} Since co-founding the firm in 2006, Weinberg has advised clients on over $800 billion of transactions.{{Cite news| url = https://online.wsj.com/articles/banking-veteran-steel-named-ceo-of-perella-weinberg-1401280023?KEYWORDS=%22peter+weinberg%22|title=Banking Veteran Steel Named CEO of Perella Weinberg|author= Telis Demos and Laura Kusisto|publisher=The Wall Street Journal |date =May 28, 2014}}

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,{{Cite news| url =http://video.cnbc.com/gallery/?video=3000077483&play=1 |title=Deal Makers Discuss the Future of M&A|publisher=CNBC |date = March 8, 2012 }}{{Cite news| url =http://video.cnbc.com/gallery/?video=3000149089&play=1|title=Next Hot Sector For An M&A Deal|publisher=CNBC |date = February 19, 2013}}{{Cite news| url =http://video.cnbc.com/gallery/?video=3000076656&play=1|title=M&A Boom Bounce Back?|publisher=CNBC |date = March 8, 2012}} shareholder activism,{{Cite news| url =http://video.cnbc.com/gallery/?video=3000164119&play=1|title=Activist Investor: Good or Bad For Markets?|publisher=CNBC |date = April 29, 2013}}{{Cite news| url =https://www.nytimes.com/2014/04/09/opinion/powerful-disruptive-shareholders.html|title=Powerful, Disruptive Shareholders|author=Joseph Perella and Peter Weinberg|work=The New York Times |date =April 8, 2014}} and financial markets{{Cite news| url =https://www.cnbc.com/2014/10/24/jeremy-siegel-my-dow-18k-prediction-only-50-50-now.html|title=Jeremy Siegel: My Dow 18K prediction only 50-50 now|author= Matthew J. Belvedere|publisher=CNBC |date = October 24, 2014}} and financial institutions in general.{{Cite news| url =https://online.wsj.com/news/articles/SB10001424052748704471504574443591328265858?mg=reno64-wsj|title=Wall Street Needs More Skin in the Game|author= Peter Weinberg|publisher=The Wall Street Journal |date = September 30, 2009}} He is a regular Op-Ed contributor to The New York Times, The Wall Street Journal, the Financial Times,{{Cite news| url =http://www.ft.com/cms/s/0/171c7bf0-280e-11dd-8f1e-000077b07658.html#axzz3PNK6B7ZL |title=Sovereign funds offer a wealth of benefits|author= Peter Weinberg|publisher=Financial Times |date =May 22, 2008}} and The Sunday Times.{{Cite news| url =http://www.thesundaytimes.co.uk/sto/news/uk_news/article71559.ece | archive-url =https://web.archive.org/web/20160303234922/http://www.thesundaytimes.co.uk/sto/news/uk_news/article71559.ece | url-status =dead | archive-date =March 3, 2016 |title=The preppy pathway to peace for Arab children|author= Peter Weinberg|publisher=The Sunday Times |date =June 26, 2009}} He has commented on the global economy at the World Economic Forum in Davos, Switzerland.{{Cite news| url =https://www.bloomberg.com/video/66187476-perella-weinberg-partners-peter-weinberg-interview.html|title=Perella Weinberg Partners' Peter Weinberg Interview |publisher=Bloomberg TV |date = January 26, 2014}}{{Cite news| url =https://www.bloomberg.com/video/66235592-perella-weinberg-interview-on-global-economy.html|title=Perella, Weinberg Interview on Global Economy |publisher=Bloomberg TV |date = January 27, 2014}}

Boards and philanthropy

Weinberg is on the Boards of Overseers at Memorial Sloan Kettering Cancer Center and Columbia University Medical School.{{Cite news| url = http://www.mskcc.org/sites/www.mskcc.org/files/node/1112/documents/board-overseers-and-managers.pdf|title= Boards of Overseers and Managers|publisher=Memorial Sloan Kettering Cancer Center |date = March 26, 2014}} He is a Founding Trustee of King's Academy in Jordan.{{Cite news| url = https://www.kingsacademy.edu.jo/about/who-we-are/board-trustees| title = Board of Trustees| publisher = King's Academy| accessdate = November 10, 2011| archive-url = https://web.archive.org/web/20171207085243/https://www.kingsacademy.edu.jo/about/who-we-are/board-trustees| archive-date = December 7, 2017| url-status = dead}} He also is a member of the advisory board of the Kravis Leadership Institute and is on the Harvard University Global Advisory Council.{{Cite news| url = http://kravisleadershipinstitute.org/about/advisory-board/|title= Board of Trustees|publisher=Kravis Leadership Institute |accessdate = November 11, 2011}}

In 2013, he and his wife Deborah L. Weinberg founded the Weinberg Family Cerebral Palsy Center at Columbia University.{{Cite news| url = http://newsroom.cumc.columbia.edu/blog/2013/01/30/columbia-receives-7-million-to-launch-the-weinberg-family-cerebral-palsy-center/|title=Columbia Receives $7 Million to Launch the Weinberg Family Cerebral Palsy Center|publisher=Columbia University Medical School |date = January 30, 2013 }} He previously was on the board of Deerfield Academy and the Harvard Business School Deans Advisory Board.{{cite news |url=https://www.wsj.com/articles/SB10001424127887323530404578205653638761018 |title=Same Old, Same Old in the Mergers Arena |first1=Anupreeta|last1=Das|first2=Dana|last2=Cimilluc|author-link1=Anupreeta Das|work=The Wall Street Journal|date= January 1, 2013}}

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.{{cite news |url=http://www.bhef.com/members |title=BHEF Members |work= Business Higher Education Forum|accessdate= March 8, 2015}}{{cite news |url=http://www.bhef.com/about|title=About BHEF|work= Business Higher Education Forum|accessdate= March 8, 2015}}

Personal life

Weinberg is a dual citizen of the United States and the UK.{{Cite news| url = http://www.investegate.co.uk/article.aspx?id=200506160700136345N |title= BAE Systems appoints new non-executive director|publisher=FE Investegate |date =June 16, 2005}} He lives outside of New York with his wife, Deborah, and his three children.{{Cite news| url = http://www.vault.com/images/pdf/3038/45607.pdf |title=Q&A with Peter Weinberg|publisher=Vault.com |date = 2008}}

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.{{Cite magazine| url =http://www.newyorker.com/magazine/2008/11/10/the-uses-of-adversity |title=The Uses of Adversity|author= Malcolm Gladwell|magazine=The New Yorker|date =November 10, 2008}} 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.{{Cite news| url =http://investing.businessweek.com/research/stocks/people/person.asp?personId=10662234&ticker=GS| archive-url =https://archive.today/20141110182321/http://investing.businessweek.com/research/stocks/people/person.asp?personId=10662234&ticker=GS| url-status =dead| archive-date =November 10, 2014|title=Executive Profile John S. Weinberg |publisher=Bloomberg Businessweek|date =November 10, 2014}}{{Cite news| url =https://www.nytimes.com/2006/08/09/business/09weinberg.html?_r=0|title=John L. Weinberg, 81, Former Leader of Goldman, Dies|author=Landon Thomas Jr. |work=The New York Times|date =August 9, 2006}}

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.{{Cite news| url =https://www.nytimes.com/2003/04/12/classified/paid-notice-deaths-houghton-laura-richardson.html|title=Paid Notice: Deaths HOUGHTON, LAURA RICHARDSON |work=The New York Times|date =April 12, 2003}} Elizabeth passed away in December 2018.{{cite web| url=https://www.legacy.com/obituaries/nytimes/obituary.aspx?n=elizabeth-weinberg&pid=191101525|work=The New York Times|date=December 28, 2018|title=Elizabeth Weinberg Obituary}}

References