Money Management

Perella Weinberg adds partner

Marcus Schenck was named a partner at Perella Weinberg Partners' advisory business, a spokeswoman said.

The position is new. Mr. Schenck will start Feb. 1 and will work closely with the other partners on expanding Perella Weinberg's business.

"(Mr. Schenck's) addition underscores a significant period in the evolution of our German, European and global advisory franchises as we look to be the leading independent adviser to boards and executives," said Peter A. Weinberg, founding partner and head of advisory, in a news release. "With (Mr. Schenck) joining our partnership we underpin our continued commitment to investing, in a focused manner, in the best talent to serve our clients."

Dietrich Becker, partner and head of European advisory, added in the news release: "(Mr. Schenck's) deep experience as a senior leader in finance and his extensive knowledge of the German and European market and wide-ranging global relationships will further elevate our franchise."

Mr. Schenck was most recently deputy CEO of Deutsche Bank. A spokesman could not be reached for information about a replacement.

Perella Weinberg has $14.2 billion in assets under management.