Ken Moelis

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Ken Moelis (born 1958)[1] is an investment banker and founder of Moelis & Company, an independent investment banking firm.

Education[edit]

Ken Moelis holds a Bachelor of Science in Economics and a Masters of Business Administration from the Wharton School of the University of Pennsylvania.[1]

Career[edit]

Moelis began his career at Drexel Burnham Lambert in 1981 where he would ultimately serve as a managing director working for Michael Milken in the firm's Los Angeles office. Following the collapse of Drexel, Moelis left with a portion of his team to join Donaldson Lufkin & Jenrette where he served as head of its corporate finance investment banking division.[2] Under Moelis, DLJ emerged as a prominent investment banking firm in Los Angeles in the 1990s.[3][4]

Following the acquisition of DLJ by Credit Suisse First Boston in 2000, Moelis was named head of US investment banking of the combined firm in September 2000.[5] However, his tenure at CSFB would be short, announcing his departure for UBS (then known as UBS Warburg) just months later taking the core of his team with him, including a number that would later join Moelis & Company.[6][7] Moelis recruited more than 70 senior investment bankers to UBS within three months of his arrival.[8]

In his six years at UBS, Moelis ultimately assumed the role of president of UBS Investment Bank and was credited with the build-out of UBS's investment banking operation in the United States. By the end of 2006, UBS was ranked Top 4 in the global fee pool for the first time.[9]

Moelis founded Moelis & Company along with several fellow senior UBS investment bankers that included Navid Mahmoodzadegan, Jeff Raich, John Momtazee, Todd Wadler, Elizabeth Crain and Warren Woo.[10][11][12] Moelis's departure was caused primarily by repeated conflict over the company's inflexible bureaucracy.

Other affiliations[edit]

Moelis received both his undergraduate degree and MBA from The Wharton School at the University of Pennsylvania in 1981. Today he serves as a member of the Wharton Board of Overseers.

Moelis is Chairman of the Tourette Syndrome Association and serves on the Board of Governors of Cedars Sinai Hospital.

Moelis is a member of the Hillcrest Country Club.

In 2011 he was included in the 50 Most Influential ranking of Bloomberg Markets Magazine.

See also[edit]

References[edit]

  1. ^ $5 Million from Alumni Julie and Ken Moelis to Support Wharton Sports Business Initiative. University of Pennsylvania Almanac, March 4, 2008
  2. ^ Moelis to Leave CSFB for Smaller UBS Warburg. LA Times, November 22, 2000
  3. ^ Drexel Alumni Move Onward. New York Times, August 13, 2000
  4. ^ Los Angeles, Back on the Money Map. New York Times, August 13, 2000
  5. ^ Credit Suisse Assigns Executives. New York Times, September 11, 2000
  6. ^ Credit Suisse Is Losing Another of Its Top Bankers. New York Times, November 22, 2000
  7. ^ Two Dozen More Bankers Leave Credit Suisse for UBS. New York Times, December 6, 2000
  8. ^ Future of UBS Executive Part of Wall Street Chatter March 16, 2007
  9. ^ Moelis Is Leaving UBS. New York Times, March 19, 2007
  10. ^ Ex-UBS executive Moelis opens firm. LA Times, July 20, 2007
  11. ^ Ken Moelis parts ways with UBS: Some wonder if the high-profile investment banker will launch his own firm in L.A. LA Times, March 20, 2007
  12. ^ His firm has skin in the game. LA Times, August 5, 2008