Perella aims to list boutique

Monday 9 January 2006 at 16:00

Joe Perella, the former top Morgan Stanley banker, wants to emulate his former colleague Bruce Wasserstein, chief executive of Lazard, by floating the investment banking boutique he is planning.

Perella will launch the boutique with fellow former Morgan Stanley banker Terry Meguid and is looking to raise about $1bn (€830m) to fund the venture.