Matter of Weeks Before Perella’s In Business

Star banker Joseph Perella is predicting that his new investment bank will be in business before July 1, according to an article in the London Times. The firm may not have a name yet but it certainly has a bank account: Japan’s Mitsubishi UFJ Securities is putting up $100 million to be in business with the former First Boston and Morgan Stanley dealmaker. Now it’s just a matter of the SEC signing off, which is expected to happen within the next couple of weeks.
Wall Street Dealmaker to Open Own Bank [London Times]
Take It Slow, Joe [Under The Counter]

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