Moelis Houston

PossumBelly's picture
Rank: King Kong | 1,771

Moelis & Company, the New York-based investment bank, will establish a new office in Houston focusing on clients in the oil and gas industry, the company announced today in an e-mailed statement.

The firm is hiring for the effort and expects staff in Houston to grow to between five and 10 bankers in the near term, a spokesperson said. Over time, the office will add headcount as it expands coverage of the energy sector. The firm will hire a mix of senior and junior bankers.

The firm appointed Brady Parish managing director of the office. He will build a new team around him and the office will open in April. Parish comes from Goldman Sachs, where he was managing director in the global natural resources group in Houston. He helped lead the oil and gas investment banking business for the firm, which he left in 2010. Before joining Goldman in 2005, he was a director in the global energy and power group at Merrill Lynch. He has also worked in the energy investment banking group at JPMorgan.

"The establishment of an office in Houston underscores our commitment to service our clients with local knowledge and expertise of the regions in which they operate as well as the strategic importance of the energy, power and broader natural resources industries to Moelis & Company," Ken Moelis, CEO of the firm, said in the statement.

Moelis has been on an expansion spree of late, announcing in January 2011 the opening of new offices in both Dubai and Hong Kong.

http://www.fins.com/Finance/Articles/SB12978741244...

Comments (18)

Feb 16, 2011

Interesting.

Feb 16, 2011

This is awesome news! Thanks for posting Cartwright

Feb 16, 2011

There was also a headhunter email going around a few months ago for an analyst position in their new Palo Alto office. I don't know when it'll be up and running.

Feb 17, 2011

Interesting. Wonder how they will fare compared to Greenhill and Evercore.

Feb 17, 2011

I wonder how it will be lifestyle wise...

Feb 18, 2011

The company has more than 470 employees.

I think Moelis will grow to Lazard's size soon

Feb 18, 2011

Yea. I agree. Press release says they will have 10 ppl at that office so the real growth will probably occur in NYC or London. Certainly should be interesting. Our team worked with the Chicago office recently...pretty impressive guys. Big egos though...

Feb 21, 2011

Any ideas when this office will open?

Feb 23, 2011

Great to see more offices opening in Houston, just more opportunities for those who don't want to live in a closet in NYC.

    • 1
Mar 3, 2011

Moelis i making big moves

Jan 23, 2013

.

Nov 29, 2012

Sucks a lot for Moelis that he left. I work in Houston and don't know much about the office; OGBanker do you know what kind of deals they do? Wonder if the other Goldman guys will leave too.

Jan 23, 2013

Pretty much just energy. I can't speak for culture, but from what I understand, the elite boutiques such as Moelis, Lazard, Evercore, etc. are insane sweatshops. I have heard ridiculous stories of hours.

Jan 23, 2013

The guy who started the office (Brady Parish) came over from GS but has since left to be head of IR at Apache. Think another GS dude is the only MD over there.

Teddy said is definitely true but I haven't seen that translate into any deal flow of note for laz or Moelis. EVR definitely done very well.

Jan 23, 2013

Ex-GS guys is what I heard as well.

Jan 23, 2013

.

Best Response
Oct 25, 2017
Comment
    • 2