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The former mayor of Chicago, Rahm Emanuel, plans to resume his duties as a business banker, creating a presence in Chicago for the New York Investment Centerview Partners.
Emanuel, a Democrat who had decided not to run for a third term last year, had previously served as a banker for two years with Wasserstein Perella. Representative of the House of Illinois before becoming chief of staff of President Barack Obama.
"I look forward to leveraging my long-standing experience as an advisor and problem-solver in both the public and private sectors in my next chapter of my career." I'm excited to join Centerview Partners, a leading company that advises leading companies, "Emanuel said in a statement.
Centerview co-founder Robert Pruzan said in a statement: "I have known Rahm for many years, from the time we spent together at Wasserstein Perella, and I am delighted that he chose Centerview for the next chapter of his career. Our company has always had a strong relationship with Midwest clients and we are confident that Rahm's leadership and knowledge will prove invaluable to our clients in the region. "
Investment bankers often rely on political, commercial and personal relationships to create mergers and acquisitions in the business world. Most of the major New York banks and many investment banking shops that have developed over the last decade have offices in Chicago. Chicago is also home to several medium-sized investment banks.
Centerview was established in 2006 and, like other shops, has been strengthened, with some customers moving away from major banks looking for independent lawyers and services differentiated.
The Wall Street Journal had previously reported that Emanuel was joining Centerview.
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