UPDATE 1-Investment bank Perella Weinberg to open Paris office [Reuters (UK)]
Bank of America Corporation (BAC)
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Source: Reuters
UPDATE 1-Investment bank Perella Weinberg to open Paris office | Reuters Reuters Staff 3 Min Read (Updates with confirmation from firm, adds detail) * Would be its first, formal presence in mainland Europe * Paris competing with Frankfurt for post-Brexit business PARIS, April 13 (Reuters) - Investment bank Perella Weinberg Partners (PWP) is planning to open an office in Paris, the company said on Friday, marking its first, formal presence in continental Europe and allowing it to build up its French advisory business. Its move comes as Paris vies with Frankfurt to lure bankers over from London following Britain’s decision to quit the European Union, and with the French business climate having improved since President Emmanuel Macron’s election last year. Co-founder Joseph Perella earlier told Les Echos newspaper in an interview on Friday that the decision to open an office in Paris was not necessarily linked to Brexit, but rather due to the business climate in France becoming more “hos
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