Restructuring: Moelis ups the ante in Europe
Aedy begins to build team; Restructuring opportunities top of agenda
"Our restructuring hires will be fundamental to our success over the next two to three years"
Mark Aedy, Moelis & Co
When Moelis & Co recently announced the hire of former Merrill Lynch head of EMEA investment banking Mark Aedy, it was a sign of the seriousness with which the upstart US investment bank was approaching its expansion into Europe. When one of the first things Aedy did in his new position was to hire the restructuring team of Matt Prest and Charles Noel Johnson from Close Brothers it became clear that Moelis had strong ambitions for the region – and for restructuring business in particular. Prest and Noel Johnson have lengthy experience advising complex restructurings across a range of industries in Europe.
Moelis & Co was established in July 2007 by ex-UBS banking president Ken Moelis. Following rapid US growth, the firm hired Kristian Bagger from Deutsche Bank to establish a European presence in early 2008. With Aedy now in place as head of Moelis’s European business, the stage is set for the firm to see whether it can replicate its remarkable US rise in this region and Asia.