Moelis (MC) announced key senior leadership changes, which are the result of the firm’s long-term leadership transition planning and will be effective as of October 1. Founder Ken Moelis, who has served as CEO since the firm’s inception in 2007, will assume the role of executive chairman and will continue to focus on advising clients on their most critical strategic decisions. Navid Mahmoodzadegan, co-founder and co-president, will succeed Moelis as CEO and will also join the board of directors. Jeff Raich, co-founder and co-president, will become executive vice chairman of Moelis and will continue to lead key business areas of the firm.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on MC:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue