The king has returned! Not surprised that it was Moelis who poached him. They’re also bringing Laghari and Burpee from Guggenheim (all three were originally from Citi).
| +214 | Coverage Banking is Paradise | 24 | 16h |
| +75 | My Motivation Is At An All Time High | 13 | 1d |
| +62 | Lost all ambition / don’t care at all anymore | 28 | 9h |
| +62 | London Recruiting is Paradise | 29 | 2h |
| +41 | Are Canadians still get jobs in the US? | 21 | 1d |
| +29 | MM IB --> NYC IB? | 14 | 17h |
| +29 | Is 7 years in banking enough to retire, or am I delusional? | 23 | 27m |
| +23 | Lawyer moving into Banking | 18 | 22h |
| +23 | Negotiating VP Sign-On Bonus (NOT Tied to Deferred Comp)? | 18 | 17m |
| +21 | "Don't include firm in Cover Letter's file name" | 9 | 6d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
I think this’ll obviously position Moelis a lot better than where it was previously. It’ll be seen if this puts Moelis near the other top banks or no.
Laghari and the ex-Guggenheim team showed they couldn’t do anything at Gugg. Steve also, like them, had the support of a balance sheet previously (at both UBS and Citi) while lending which Moelis doesn’t have. I think Steve will obviously be a marked improvement but I doubt they’ll be able to swing to the top of the league table.
I spoke to a banker this morning, and he shares a similar opinion about whether or not Moelis will rise to the top: "I'll believe it when I see it"
This is clearly incorrect that Laghari and Burpee didn’t have a positive impact at Guggenheim. Guggenheim announced 3 deals in the upstream space in the year they were there versus two upstream deals in the entire three years prior.
anyone who was expecting for Guggenheim to become a JP Morgan doesn’t know how banking works.
the two citi guys left of their own accord, Guggenheim didn’t push them out
The Citi people were only at Guggenheim for ~1 year. Any deals announced during their time were brought in well before they joined.
Non suscipit doloremque laborum. Consequuntur iste cupiditate ipsam est illum sit aperiam alias.
Optio consequuntur qui voluptates magnam. Cupiditate ipsum odio architecto quis suscipit consectetur. Ea ut et mollitia similique aperiam mollitia.
Neque dolorem veniam numquam sit modi. Et et quia sit enim magni quo aspernatur. Enim voluptatibus soluta amet et dolorum eveniet. Eligendi sint expedita et ad. Ad libero corporis quasi ex consequuntur voluptas veniam. Soluta repellat labore delectus sunt dolore dignissimos exercitationem.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...