The Times is reporting on boutique investment bank Perella Weinberg's posh new London address.
NOTHING is too good for Perella Weinberg, the world’s newest investment bank created by Joseph Perella, former vice-chairman of Morgan Stanley, and Peter Weinberg, who used to run Goldman Sachs in Europe. I hear the bank has acquired an impressive new European headquarters.
This, as is the nature of things today, is in Mayfair, handy for all those hedge funds, rather than the City or Canary Wharf. The bank is paying a hefty £1.75 million a year for a 22,000 sq ft office block at 20 Grafton Street, developed by O’Callaghan Properties.
No free lunch [The Times, second item]