Michael McGrath has joined Perella Weinberg Partners as a Partner in its Asset Management business. Based in New York, McGrath will work with the Marketing Group and the portfolio management teams on product development, with a particular focus on growing the Firm’s presence in the private client market segment.
McGrath has more than 22 years of product management experience in the private wealth business. Prior to joining Perella Weinberg Partners, he was a Managing Director at Morgan Stanley Smith Barney and Global Head of the Alternative Investments Group. In this role he was responsible for developing strategy and building global alternative investment capabilities for the wealth management joint venture between Morgan Stanley and Smith Barney.
Terry Meguid, Founding Partner and Head of the Firm’s Asset Management business, says: "The high net worth segment continues to trend toward open architecture. To better position our asset management platform, Mike will be responsible for making our products more accessible to the underserved individual investor marketplace."
Joseph R Perella (pictured), Chairman and Chief Executive Officer, says: "We are pleased to have a senior professional of Mike’s caliber leading this effort. We look forward to leveraging his vast experience in delivering alternative asset management products to this very substantial market segment."
McGrath says: "I look forward to working closely with Susan Soh, Chris Bittman and Jeff Silverman in crafting effective relationships, which will make available the Firm’s alternative investment strategies to many more private individuals."