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Stock impact report

Meet Bob Steel, the Perella investment banker and former Treasury undersecretary who is advising Larry Fink on his alternative investment buying spree [Business Insider]

Perella Weinberg Partners - Class A (PWP) 
As vice chair of Perella Weinberg, he's been advising BlackRock on its alternative-asset expansion. He talked to BI about his career, his friendship with Larry Fink, and why he doesn't want to retire. Robert Steel has had the kind of career most people on Wall Street only dream about. He spent 30 years at powerhouse investment bank Goldman Sachs , where he rose to partner before "retiring" in 2004. In 2006, he became undersecretary of the US Treasury under President George W. Bush and helped prepare the government's response to what became the biggest financial crisis since the Great Depression. He stepped in as CEO of troubled bank Wachovia during the darkest days of that crisis and later served as Deputy Mayor for economic development of New York City under Mayor Michael Bloomberg Since 2014, Steel has helped lead boutique investment bank Perella Weinberg , first as CEO and now as vice chairman. Last year, he helped the firm score a role as a top advisor to BlackRock , the Show less Read more
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