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Moelis & Co (N:MC)

Business Focus: Investment Banking

Sector:  Financials Industry:  Investment Banking & Brokerage Services
 
See Regulatory Filings on SEC
Company Contact
Address: 399 Park Avenue, 5Th Floor
NEW YORK NY 10022
Tel: N/A
Website: https://www.moelis.com
IR: See website
Key People
Kenneth D. Moelis
Chairman of the Board, Chief Executive Officer
Navid A. Mahmoodzadegan
Co-President, Co-Founder, Managing Director
Jeffrey Raich
Co-President, Co-Founder, Managing Director
Joseph Simon
Chief Financial Officer
Kate Pilcher Ciafone
Chief Operating Officer
Osamu R. Watanabe
General Counsel, Secretary
Eric Cantor
Managing Director
   
Business Overview
Moelis & Company is a global independent investment bank that provides strategic advice and solutions to a diverse client base, including corporations, governments and financial sponsors. The Company assists its clients in achieving their strategic goals by offering comprehensive integrated financial advisory services across various industry sectors. It advises clients on their critical decisions, including mergers and acquisitions (M&A), recapitalizations and restructurings, capital markets transactions, private fund raisings and secondary transactions and other corporate finance matters. It has an M&A and strategic advisory franchise advising clients on mergers, acquisitions, sales and divestitures, special committee assignments and shareholder defense. For its clients seeking capital market solutions, it also acts as placement agent, advisor, or bookrunner on a range of capital raising mandates and provides general capital markets advice. It serves its clients from 23 locations.
Financial Overview
For the three months ended 31 March 2024, Moelis & Co revenues increased 16% to $217.5M. Net income increased from $3.7M to $16.6M. Revenues reflect Rest of World segment increase from $13.2M to $29.5M, Europe segment increase of 94% to $32.3M. Net income benefited from Investment Advisory segment income totaling $5.8M vs. loss of $1.4M. Dividend per share remained flat at $0.60.