Perella Weinberg Partners (PWP), an independent advisory and asset management firm, has announced plans to launch a new office in Paris, France.

The new office is the firm’s second in Europe and its twelfth across the globe. The office is also PWP’s first formal presence in continental Europe and enables the firm to develop its French advisory business.

The firm’s other offices are located in New York, Houston, London, Abu Dhabi, Austin, Calgary, Chicago, Denver, Dubai, Los Angeles, and San Francisco.

PWP partner and head of European advisory Dietrich Becker said: “Given the importance of the French M&A market, the current strong operating environment and the sense of optimism in the country, we believe now is the right time to further augment our French practice.”

The new office will be headed by David Azema, who joined PWP last year as a partner.

PWP partner and co-head of advisory Peter Weinberg said: “The size of our European business has grown steadily over the past 12 years and we are excited to expand our practice with a new office in Paris. This decision further demonstrates our commitment to investing in key geographies and will enable us to even better serve our French clients with a formal on the ground presence.”

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