Wednesday, September 2, 2015

Rendell gets Wall St gig with ex-PA Turnpike deal adviser

Rendell joins Greenhill & Co. as senior adviser

Rendell gets Wall St gig with ex-PA Turnpike deal adviser


Ex-Pennsylvania Governor Ed Rendell has joined the investment bank Greenhill & Co. as a "senior adviser" in hopes he can bring the firm deals buying up state assets.

Rendell will focus on expanding Greenhill’s client advisory activities in public-private partnerships, infrastructure projects and advising governments on various financial matters," Greenhill said in a statement. That means Rendell will try to work more deals like the one he tried and failed to close, that would have leased the Pennsylvania Turnpike to Citigroup and a couple of Spanish companies, so Greenhill can collect fat advisory fees.

How'd Rendell land this gig? He's well known at Greenhill as an advocate of privatizing public assets: Rob Collins, the ex-Morgan Stanley banker who advised Rendell on the aborted Turnpike deal, now runs the infrastructure finance group at Greenhill. Deal!

Rendell, the loud-spoken onetime Philadelphia mayor and US Democratic Party leader, is also back at his old law firm Ballard Spahr, writing a column for the Philadelphia Daily News (the People's Paper), and, we expect, ranting on cable TV about the Eagles, the Republicans, etc. 

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PhillyDeals posts drafts, transcripts and updates of Joseph N. DiStefano's columns and stories about Philly-area business, which he's been writing since 1989.

DiStefano studied economics, history and a little engineering at Penn and taught writing at St. Joseph's. He has written thousands of columns and articles for the Inquirer, Bloomberg and other media, wrote the book Comcasted, and raised six children with his wife, who is a saint.

Reach Joseph N. at,, 215.854.5194 or 302.652.2004.

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