William H. Donaldson, who co-founded the investment bank Donaldson, Lufkin & Jenrette and later became chairman of the Securities and Exchange Commission, has joined Perella Weinberg Partners as chairman of its advisory council, the firm announced yesterday.
The addition of Donaldson, who also served as chairman of the New York Stock Exchange, further expands the roster of brand-name dealmakers that Perella Weinberg has recruited since it was founded last year by Wall Street veterans Joseph R. Perella and Peter A. Weinberg. Mr. Donaldson stepped down as SEC chairman in 2005 and now serves as chairman of Donaldson Enterprises, a private investment firm, Perella Weinberg said. In Donaldson’s new role, he will work on strategic issues, as well as organizational and client-related matters. “I look forward with great enthusiasm to the opportunity to be part of a new financial services firm at a stage similar to the early days at DLJ,” Donaldson said in a news release, referring to the brokerage firm he founded with Dan W. Lufkin and Richard Jenrette in 1959. Donaldson Lufkin & Jenrette went public in 1969, becoming the first Wall Street firm to do so, and was acquired by Credit Suisse in 2000.
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