Bloomberg reported that New York-based financial services firm Perella Weinberg Partners LP is planning to name Peter Weinberg CEO, according to people with knowledge of the matter.

Perella Weinberg is also considering redistributing its partners' stakes as it plans for an IPO, which is part of a broader strategic review, Bloomberg reported, citing the sources. The company may also spin off its asset management business as a result of the review.

Former Treasury Department official Bob Steel will allegedly become the chairman, and current Chairman Joe Perella will become chairman emeritus, the sources told Bloomberg.

Weinberg help found the company with Perella in 2006.