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Ex-Deutsche Bank i-bank chief to set up Perella Weinberg's 1st German branch

Marcus Schenck, former investment bank chief of Deutsche Bank AG, is setting up the first German branch of U.S. financial firm Perella Weinberg Partners LP, Handelsblatt reported Oct. 14.

The Munich-based unit will open Dec. 1 and will employ 10 to 15 people, according to the report.

Schenck joined Perella Weinberg Partners following his departure from Deutsche in May 2018. He has been a partner at the London-based advisory branch of Perella since February, Handelsblatt said.