Joe Perella, the former top Morgan Stanley banker, wants to emulate his former colleague Bruce Wasserstein, chief executive of Lazard, by floating the investment banking boutique he is planning.

Perella will launch the boutique with fellow former Morgan Stanley banker Terry Meguid and is looking to raise about $1bn (€830m) to fund the venture.

David Rothnie

Morgan Stanley

Lazard

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Perella aims to list boutique

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