& 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, 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 . He has also worked in the energy investment banking .
"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& 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.