Perella Weinberg Adds Susan Schwab as Adviser, Joining Bob Steel

  • Schwab worked for George W., George H.W. Bush administrations
  • She’s a board member at Boeing, Caterpillar, FedEx, Marriott

Perella Weinberg Partners, the investment bank founded by Joe Perella and Peter Weinberg, added former U.S. Trade Representative Susan Schwab to its advisory board to help with strategic advice.

Schwab, 61, is a faculty member at University of Maryland’s School of Public Policy, the firm said Tuesday in a statement. She was part of former President George W. Bush’s cabinet, and sits on the boards of Boeing Co., Caterpillar Inc., FedEx Corp. and Marriott International Inc., according to the release.

Perella Weinberg Chief Executive Officer Bob Steel, who is also on the 8-person advisory board, announced the creation of the new group in October to help steer the firm through “its next phase of growth.” Royal Dutch Shell Plc former Chairman Jorma Ollila and Verizon Communications Inc.’s former CEO Ivan Seidenberg are among board members.

“Susan’s distinguished career includes advising our nation as a top government official and working closely with foreign representatives on a diverse set of initiatives,” Steel said in the statement.

Schwab, who isn’t related to discount-brokerage pioneer Charles Schwab, worked at the Commerce Department from 1989 until 1993, overseeing 1,300 employees around the world as director general of the U.S. and Foreign Commercial Service. She was nominated to be deputy secretary in 2003, and also worked for President George H.W. Bush.

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