Latest news with #Moelis&Company
Business Wire
a day ago
- Business
- Business Wire
Moelis Appoints Thorold Barker as an Independent Member to its Board of Directors
NEW YORK--(BUSINESS WIRE)--Moelis & Company (NYSE: MC), a leading global independent investment bank, today announced the appointment of Thorold Barker to its Board of Directors, effective July 1, 2025. Mr. Barker brings over 30 years of experience across journalism, finance, and geopolitics. He most recently served as The Wall Street Journal's Editor for Europe, Middle East and Africa for 10 years, during the European debt crisis, Brexit, the COVID-19 pandemic, and the start of the Russia-Ukraine conflict. Mr. Barker was also the Masthead Editor overseeing the Journal's global events, including the CEO Council. Mr. Barker joined the paper in New York in 2008, as Editor of Heard on the Street, the publication's commentary and analysis column covering business and finance. Earlier in his career, Mr. Barker was the U.S. Editor of the Lex Column and a reporter at the Financial Times. He started his career as a strategy consultant at Bain & Company. Ken Moelis, Chairman and CEO of Moelis & Company commented, 'Thorold brings a unique perspective shaped by his global experience across business, media, and policy, which makes him a valuable addition to our Board. We are delighted to welcome him.' Mr. Barker will join Moelis's Board as an Independent Director, serving alongside Dr. Louise Mirrer, Kenneth Shropshire, and Laila Worrell. Mr. Barker is currently a Senior Adviser at AlixPartners, serves as a visiting fellow at the University of Oxford, and sits on the board of Tiger21. He holds a degree in Modern Languages from Trinity College, Cambridge. About Moelis & Company Moelis & Company ('Moelis') is a leading global independent investment bank that provides innovative strategic advice and solutions to a diverse client base, including corporations, governments and financial sponsors. The Firm assists its clients in achieving their strategic goals by offering comprehensive integrated financial advisory services across all major industry sectors. Moelis's experienced professionals advise clients on their most critical decisions, including mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. The Firm serves clients from locations across North and South America, Europe, the Middle East, and Asia-Pacific. For further information, please visit:
Yahoo
25-06-2025
- Business
- Yahoo
Moelis: 'Very Bullish' on Europe and Middle East
Don't be fooled by 'pessimistic' headlines - there are multiple reasons to remain 'optimistic' on the global business outlook says Ken Moelis, Founder, Chairman, and CEO of Moelis & Company. He is expecting a surge in economic growth in Europe and the Middle East, and is particularly excited about the wave of educated Iranian talent who could be available for hire if tensions in the region calm down. Moelis spoke to Francine Lacqua on 'Bloomberg: The Pulse'. Sign in to access your portfolio
Yahoo
12-06-2025
- Business
- Yahoo
C Projects Higher Q2 IB & Markets Revenues: Fee Income to Benefit?
Despite tariff-related headwinds, Citigroup C expects the performance of its Markets and Banking segments to improve in the second quarter of 2025. This was disclosed by Viswas Raghavan, head of Banking, at Morgan Stanley US Financials, Payments & CRE Conference on trading desks have been busy in the second quarter, with equities and fixed-income recording strong momentum. The bank projects markets revenues to grow in the mid-to-high single digits range on a year-over-year basis. Further, investment banking (IB) revenues are expected to increase by a mid-single-digit percentage. Raghavan noted that market activity came to a standstill in April due to ambiguity over the final tariff decision, but transaction volumes have since recovered alongside a stock market rebound. He added that merger & acquisition (M&A) activity remains strong with active deal discussions, and debt markets are expected to follow through with acquisition financing. Some IPOs, mainly in tech and digital assets, have returned, but the overall market remains sluggish, especially for tariff-affected Citigroup expects the cost of credit to be 'up a few hundred million' sequentially, driven by higher credit reserve build. As IB and markets revenues improve this quarter and optimism over deal-making activities continues, Citigroup is expected to witness a rise in fee income. The non-interest revenues constitute almost 33% of the company's total revenues. Citigroup is not the only one that is optimistic about the IB business prospects. At the same conference, Morgan Stanley MS CEO Ted Pick stated that deal-making and equity capital market activity are gaining momentum, with deal discussions remaining resilient and even accelerating in certain sectors. Further, Morgan Stanley is expected to end the second quarter on a solid note. Likewise, Moelis & Company's MC incoming CEO Navid Mahmoodzadegan told investors that the deal-making environment is rebounding, with confidence returning after a temporary pause in April due to U.S. tariff concerns. He further noted that Moelis & Company's deal pipeline is up from April and is as high as "it's ever been at the firm, or close to it.' Shares of Citigroup have gained 11.3% this year. Morgan Stanley has jumped 4.8% but Moelis & Company declined 21.5% in the same time frame. YTD Price Performance Image Source: Zacks Investment Research From a valuation standpoint, C trades at a forward price-to-earnings (P/E) ratio of 9.60, below the industry's average of 13.80X. Price-to-Earnings F12M Image Source: Zacks Investment Research The Zacks Consensus Estimate for C's 2025 and 2026 earnings implies a year-over-year rise of 23% and 25.9%, respectively. The estimates for 2025 and 2026 have been revised upward over the past 30 days. Estimate Revision Trend Image Source: Zacks Investment Research Citigroup currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Morgan Stanley (MS) : Free Stock Analysis Report Citigroup Inc. (C) : Free Stock Analysis Report Moelis & Company (MC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
09-06-2025
- Business
- Yahoo
Moelis names next CEO
This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. Ken Moelis, the CEO and co-founder of investment bank Moelis & Company who has been at the helm since 2007, will step down from his role and become executive chairman effective Oct. 1, the company announced Monday. Navid Mahmoodzadegan, co-founder and co-president, will become the CEO and join the board. Jeff Raich, co-founder and co-president, will become the New York-based firm's executive vice chairman and continue to head key businesses, the company said. The recent executive changes are part of the company's long-term leadership transition planning, Moelis noted in a statement. 'I have never felt better about our Firm and the opportunities ahead,' he said Monday. 'Navid is a founder of our Firm and has been a trusted partner to me for 30 years. As Co-President, he has been involved in every major decision we have made and has been a key driver of our Firm's most impactful strategic growth initiatives.' Mahmoodzadegan, who has co-led the firm's investment banking business, has the full support of the Moelis board to drive growth and invest in next generation talent, the outgoing CEO noted. Raich's leadership will be 'critical' in the firm's next chapter, Moelis said. 'Navid, Jeff, and I share a long-term vision and deep commitment to fostering a collaborative and entrepreneurial environment that prioritizes exceptional client service and innovation,' Moelis added. The company was founded in 2007 when Moelis, a former president of UBS' investment bank, poached Mahmoodzadegan and Raich from his former employer to help build the new firm. The investment bank went public in 2014. Moelis, who is also the chairman of the company, was offered a $25 million retention bonus in February 'to maintain continuity and stability in the Company's leadership in the coming years.' The limited partnership award will vest fully if the executive stays with the company until February 2029. Moelis expects handing the baton to be the 'smoothest transition ever in the history of Wall Street,' he told The Wall Street Journal. The incoming CEO, a 30-year banking veteran, was the global head of media investment banking at UBS prior to joining Moelis. He was also an investment banker at Donaldson Lufkin & Jenrette and an attorney at Irell & Manella, according to Mahmoodzadegan's LinkedIn profile. 'As we move forward, we will continue to put clients first – that has always been the key to the Firm's long-term success and achieving outstanding results for our shareholders. We have never been better positioned to capitalize on the significant growth opportunities ahead,' Mahmoodzadegan said in a prepared statement Monday. Raich, a merger and acquisitions expert, was the joint global head of M&A at UBS and head of West Coast M&A at Donaldson, Lufkin & Jenrette before co-founding Moelis with his two former colleagues, according to Raich's LinkedIn profile. Mahmoodzadegan and Raich were named co-presidents of the company in September 2015. Moelis grabbed attention last year when Jonathan Kaye, a banker at the firm, was filmed punching a woman in the face amid a Pride celebration in Brooklyn in June. Kaye, a managing director who led Moelis' business services franchise, was put on leave after the 10-second video went viral and left the firm soon after. In February, Kaye pleaded guilty to six misdemeanor charges, including assault. The next month, Kaye joined investment firm Rothschild & Co. as the global co-head of business services of its North America unit to help the firm expand its North America global advisory business.
Business Wire
09-06-2025
- Business
- Business Wire
Moelis & Company Announces Key Senior Leadership Changes
NEW YORK--(BUSINESS WIRE)--Moelis & Company (NYSE: MC), a leading global independent investment bank, today announced key senior leadership changes, which are the result of the Firm's long-term leadership transition planning and will be effective as of October 1, 2025. Founder Ken Moelis, who has served as Chief Executive Officer since the Firm's inception in 2007, will assume the role of Executive Chairman and will continue to focus on advising clients on their most critical strategic decisions. Navid Mahmoodzadegan, Co-Founder and Co-President, will succeed Ken as Chief Executive Officer and will also join the Board of Directors. Jeff Raich, Co-Founder and Co-President, will become Executive Vice Chairman of Moelis and will continue to lead key business areas of the Firm. Ken said, 'I have never felt better about our Firm and the opportunities ahead. We have the highest quality talent and the most extensive capabilities for clients in our history. This is the right moment to elevate the next generation of leadership and create further opportunities for internal growth. Navid is a founder of our Firm and has been a trusted partner to me for 30 years. As Co-President, he has been involved in every major decision we have made and has been a key driver of our Firm's most impactful strategic growth initiatives. He's a unique talent and one of the best strategic advisors I have ever worked with. Navid has the full support of our Board to lead Moelis into the future, building on our strong foundation to drive sustained growth and invest in the next generation of talent. Navid, Jeff and I share a long-term vision and deep commitment to fostering a collaborative and entrepreneurial environment that prioritizes exceptional client service and innovation.' Navid commented, 'I am incredibly proud of what we have achieved together these past 18 years since founding Moelis and am honored and excited to have the opportunity to serve as CEO at this important moment in the evolution of our Firm. As we move forward, we will continue to put clients first – that has always been the key to the Firm's long-term success and achieving outstanding results for our shareholders. We have never been better positioned to capitalize on the significant growth opportunities ahead.' Jeff added, 'Moelis has always been defined by entrepreneurial thinking, deep client relationships, and a culture focused on our people. Ken, Navid and I have achieved so much together in our 30 years of partnership, and it feels like we are just getting started. I look forward to continuing to bring creative solutions to our clients and executing on our growth plans together with my colleagues across our organization.' Ken concluded, 'Jeff's experience and judgment have shaped Moelis at every stage since our founding, and his leadership will be critical to our next chapter. I look forward to serving our clients and helping drive the Firm's continued success alongside Navid, Jeff and our leadership team for years to come.' About Navid Mahmoodzadegan Navid Mahmoodzadegan is a Co-Founder and Co-President of Moelis & Company, where he has co-led the Firm's investment banking business and driven strategic growth since its founding. An accomplished banker and advisor with 30 years of experience, Navid previously served as Global Head of Media Investment Banking at UBS. Prior to this, he was an investment banker at Donaldson, Lufkin & Jenrette and practiced law as an attorney at Irell & Manella. Navid holds an A.B. with Highest Distinction from the University of Michigan (Phi Beta Kappa) and a J.D. from Harvard Law School, magna cum laude. He currently serves on the Taft School Board of Trustees and on the President's Advisory Group at the University of Michigan. He previously served on the National Board of Directors of JumpStart and as Board Chair for the Carlthorp School Board of Trustees. About Moelis & Company Moelis & Company ('Moelis') is a leading global independent investment bank that provides innovative strategic advice and solutions to a diverse client base, including corporations, governments and financial sponsors. The Firm assists its clients in achieving their strategic goals by offering comprehensive integrated financial advisory services across all major industry sectors. Moelis & Company's experienced professionals advise clients on their most critical decisions, including mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. The Firm serves clients from locations across North and South America, Europe, the Middle East, and Asia-Pacific. For further information, please visit:
