Perella Weinberg announced that Clinton Ray and Guy Morgan will join the firm’s Advisory business in June 2019, based in London. Ray will join PWP as a partner, and Morgan will join as a managing director. Ray and Morgan bring significant experience in restructuring, debt advisory and liability management. They will lead the expansion of PWP’s financial restructuring capabilities in Europe, working closely with the Firm’s European industry sector teams and U.S. restructuring and capital structure advisory team to provide an expanded service offering to clients.

Dietrich Becker, partner and head of European Advisory at PWP, commented, “We are very excited to welcome Clinton and Guy to PWP as we continue to add to the breadth of our advisory offering in Europe. Their additions build on the success we have achieved with a highly integrated approach between sector and restructuring bankers in the U.S. Our new colleagues’ expertise will complement our focused sector teams, further enhancing our ability to offer clients the deep strategic advice they need when making their most critical business decisions.”

Bruce Mendelsohn, partner and head of Restructuring at PWP, commented, “Today’s announcement is an important and natural extension of our restructuring and capital structure advisory franchise. We have developed a highly synergistic approach to delivering these capabilities to our clients in close cooperation with our sector teams, and we look forward to extending our reach in the European market with the addition of Clinton and Guy.”

Ray and Morgan join PWP from Goldman Sachs. Ray served as a managing director and led the bank’s EMEA restructuring franchise for three years, advising on many of the largest European restructurings in recent years. Previously, he served as a managing director on Morgan Stanley’s restructuring team from 2007 to 2016, and as a vice president at JP Morgan from 2004 to 2007. Ray began his professional career in 2001 at Clifford Chance LLP.

Morgan has served as a managing director and head of Goldman Sachs’ Liability Management Group in EMEA since 2011. Previously, he spent 11 years at Deutsche Bank, including eight years as a director in the Liability Management Group.