Future Of British Business
Perella Weinberg London HQ Searched in Insider Trading Probe
- German investigation looking at one London-based employee
- Investment bank not accused of wrongdoing or focus of probe
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Perella Weinberg Partners LP London headquarters were searched this week as part of a German insider trading investigation.
The investment bank was searched by officials on Jan. 25. Frankfurt prosecutors are looking into allegations that a London-based employee at the bank disclosed information on planned takeovers and other suspects traded on that, according to people familiar with the matter. Perella Weinberg suspended the employee, they said.