Business & Lobbying

Rahm Emanuel joins boutique investment bank

Former Chicago Mayor Rahm Emanuel (D) says he plans to join boutique investment bank Centerview Partners LLC.

Emanuel, who also served as chief of staff to then-President Obama during his first term starting in 2009, will open a new Centerview office in Chicago where he will advise clients on merger deals and other matters, he told The Wall Street Journal.

The former mayor described his role as helping clients “look around corners, to plan a series of moves ahead to get where they’re trying to go.” Emanuel spoke to the Journal in a joint interview with bank co-founders Blair Effron and Robert Pruzan.

{mosads}“Our job is to help clients make big decisions,” Pruzan told the newspaper. “Rahm has spent his career in the room where big decisions are being made.”

The former mayor previously spent two years at boutique bank Wasserstein Perella after leaving the White House as a senior adviser to then-President Clinton in 1998.

Emanuel has also picked up a contributing editor position at The Atlantic magazine since ending his mayoral term last month.

The former mayor caught flak from some on the left Wednesday over the news first reported by the Journal, which noted that Emanuel was “going to Wall Street.”

Rep. Alexandria Ocasio-Cortez (D-N.Y.) blasted the announcement on Twitter, writing that “not all Democrats are the same.” 

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