Business Roundtable is an association of chief executive officers of leading U.S. companies working to promote a thriving economy and expanded opportunity for all Americans through sound public policy.
Robert K. Steel is CEO of Perella Weinberg Partners, a global, independent advisory and asset management firm.
Mr. Steel’s career of almost 40 years in financial services includes both public and private sector experience. Most recently he was New York City’s Deputy Mayor for Economic Development under Mayor Michael Bloomberg, where he spearheaded the Administration’s major redevelopment projects. As CEO of Wachovia Corporation in 2008, Mr. Steel oversaw the sale of the bank to Wells Fargo & Co. and served on the Wells Fargo board of directors until 2010. From 2006 to 2008, he was the Under Secretary for Domestic Finance at the U.S. Department of the Treasury.
Prior to entering government service, Mr. Steel spent nearly 30 years at Goldman Sachs, ultimately rising to become Head of the Global Equities Division and Vice Chairman of the firm.
As New York City’s Deputy Mayor for Economic Development, Mr. Steel was responsible for the Bloomberg Administration’s five-borough economic development strategy and job-creation efforts, and oversaw such agencies as the Department of Housing Preservation and Development, Department of City Planning, Department of Small Business Services, NYC Economic Development Corporation and NYC & Company, and chaired the Brooklyn Bridge Park board. A key initiative of Mayor Bloomberg’s Administration was to encourage and grow the technology sector of New York City’s economy and Mr. Steel led the applied sciences initiative, which established the Cornell-Technion campus on Roosevelt Island and New York University Center for Urban Science and Progress initiative in Brooklyn, New York.
During his tenure at the U.S. Treasury, he revived the President’s Working Group, the core group to respond to the global economic crisis of 2008. He managed the Department’s Blueprint for Modernized Regulatory Structure, which recommended several of the reforms since pursued by the Obama administration.
Mr. Steel also spent nearly 30 years at Goldman Sachs, rising to Head of the Global Equities Division, Vice Chairman of the firm and a member of its Management Committee. He began his Goldman Sachs career in Chicago, and then spent more than seven years in London before returning to the United States to work in the New York headquarters. Mr. Steel also was a member of the board of directors of Barclays from 2005 to 2006.
He is a graduate of Duke University and the University of Chicago’s Booth School of Business. Mr. Steel is Chairman of the Aspen Institute’s Board of Trustees and has served as Chairman of Duke’s Board of Trustees, Senior Fellow at the Harvard Kennedy School of Government, a member of the FDIC Advisory Committee on Economic Inclusion, Chairman of The After-School Corporation, and Co-Founder of SeaChange Capital Partners, an organization dedicated to helping nonprofits grow.