Ken Moelis | $1B+
Get in touch with Ken Moelis | Kenneth Moelis, founder, chairman, and CEO of Moelis & Company, is one of Wall Street’s most accomplished investment bankers, known for his leadership in strategic advisory and restructuring. After senior roles at Drexel Burnham, DLJ, and UBS, he launched Moelis & Company in 2007, building it into a global advisory firm recognized for high-touch client service, complex M&A execution, and deep sector expertise. Moelis has advised on some of the most high-profile transactions of the past two decades, while maintaining a distinctive culture that emphasizes partnership, meritocracy, and client alignment. His entrepreneurial flair and long-term discipline have made him a defining figure in modern investment banking.
Kenneth D. Moelis (born 1958) is an American billionaire investment banker who founded Moelis & Company, a global independent investment bank specializing in mergers and acquisitions advisory, in 2007.[1][2][3]
Moelis earned a B.S. in Economics in 1980 and an M.B.A. in 1981 from the Wharton School of the University of Pennsylvania.[1][4] He began his career at Drexel Burnham Lambert, later serving as head of corporate finance at Donaldson, Lufkin & Jenrette, and rising to president of UBS Investment Bank, where he played a key role in expanding its U.S. operations during the early 2000s.[1][5] After leaving UBS in 2007 amid frustrations with Wall Street's evolving culture, he established Moelis & Company, which grew rapidly during the financial crisis by advising on high-profile distressed asset deals and has since become a leading boutique advisory firm with offices in 23 locations worldwide.[6][7][8]
Effective October 1, 2025, Moelis transitioned from chief executive officer to executive chairman of the firm, which he co-founded and led for nearly two decades, overseeing its initial public offering in 2014 and achieving a market capitalization of approximately $4.6 billion.[9][10] He has been recognized for his dealmaking prowess, including advising on major transactions like the sale of distressed assets during the 2008 financial crisis and innovative investments such as United Airlines' backing of electric air taxi developer Archer Aviation via a SPAC in 2021.[11][12] Moelis serves on influential boards, including the Business Council, Business Roundtable, Wharton's Board of Advisors, and the Ronald Reagan UCLA Medical Center Board of Advisors, and has been a longtime supporter of the Tourette Association of America.[1][13] His net worth, derived primarily from his stake in Moelis & Company, places him among Wall Street's elite, with the firm reporting strong performance in advisory revenues amid a resurgence in deal activity as of late 2025.[2][14]
Early life and education
Early life
Kenneth D. Moelis was born in 1958 to a Jewish family, as indicated by the rabbi who officiated his 1983 wedding ceremony.[15] His father, Herbert I. Moelis, served as president of Equity Leasing Corporation, an office equipment leasing firm based in New York.[15][16] His mother was Gaye Moelis.[16] Moelis has a sister, Cindy S. Moelis, and a brother, Ron Moelis.[16][15] The family's business-oriented environment, centered around his father's career in leasing, helped foster Moelis's early interest in economics and business.
Education
Ken Moelis attended the Wharton School of the University of Pennsylvania, where he pursued studies in economics and business.[1] He earned a Bachelor of Science in Economics in 1980, followed by a Master of Business Administration in 1981 from the same institution.[4] During his time at Penn, Moelis lived in the Quad dormitory for four years and took an investment banking class that included a presentation on the Apple IPO, which influenced his career interests.[17]
Moelis chose to attend the University of Pennsylvania without pressure from his parents, despite three generations of his family having studied there, including his parents and brother.[17] His decision was driven by a longstanding interest in business programs, sparked by listening to his father's stories about business operations and the stock market during his childhood.[17] As a sophomore at Penn, Moelis met his future wife, Julie Taffet, who also graduated from Wharton in 1981.[17]
Professional career
Early career
Moelis began his investment banking career in 1981 at Drexel Burnham Lambert, where he joined the high-yield bond department under the leadership of Michael Milken during the height of the junk bond era.[18] In this role, he contributed to the firm's innovative financing strategies that fueled leveraged buyouts and corporate expansions, immersing himself in the aggressive deal-making culture of 1980s Wall Street.[19] By the mid-1980s, he had advanced to managing director, honing skills in structuring high-yield debt offerings that became synonymous with Drexel's dominance in the market.[20]
Drexel's operations faced increasing scrutiny amid insider trading allegations and regulatory investigations starting in 1986, culminating in the firm's guilty plea to securities fraud charges and its bankruptcy filing in February 1990.[18] Moelis departed the firm that year as it collapsed, carrying forward valuable experience in high-risk finance amid the era's economic turbulence.[19]
In 1990, Moelis joined Donaldson, Lufkin & Jenrette (DLJ), initially focusing on mergers and acquisitions advisory within the firm's corporate finance group.[21] At DLJ, he built on his Drexel background to advise on complex transactions, emphasizing leveraged financing and strategic deal structuring during the transition from the 1980s boom to the 1990s market.[22] This period solidified his foundational expertise in investment banking, where he navigated the post-Drexel landscape to establish himself as a key player in advisory services.[5]
Mid-career at major firms
In 1990, Ken Moelis joined Donaldson, Lufkin & Jenrette (DLJ) as a managing director in corporate finance, following the collapse of Drexel Burnham Lambert, where he had begun his career.[23] Under his leadership, DLJ's Los Angeles office expanded significantly, becoming a key hub for West Coast investment banking activities, and the firm rose to prominence in high-yield bond issuance during the 1990s.[24] Moelis oversaw mergers and acquisitions (M&A) advisory for major clients, including notable transactions in the telecom and media sectors amid the dot-com boom, such as financing and advisory roles for technology-driven consolidations that characterized the era's explosive growth in digital infrastructure and content providers.[25]
DLJ's acquisition by Credit Suisse First Boston (CSFB) in 2000 for $11.5 billion integrated Moelis into the larger firm, where he was appointed co-head of investment banking for the Americas in September of that year.[26] In this role, he continued to lead U.S.-focused M&A and capital markets efforts, leveraging DLJ's client relationships to bolster CSFB's position in competitive dealmaking.[27] However, Moelis's tenure at CSFB was brief, as he departed in November 2000 due to a non-compete clause that delayed his start at a new firm until March 2001.[28]
Moelis joined UBS Warburg (later UBS) in 2001 as co-head of investment banking for the Americas, a move aimed at strengthening the Swiss bank's U.S. presence amid intensifying global competition.[3] He played a pivotal role in expanding UBS's investment banking division, growing its global footprint through aggressive hiring of talent from rivals and forging partnerships that enhanced cross-border capabilities.[29] By 2004, Moelis had been promoted to joint global head of investment banking, and in 2005, he assumed the position of president of UBS Investment Bank, where he directed a broad portfolio encompassing M&A, equity, and debt capital markets.[30] His leadership emphasized cross-border M&A transactions, advising on high-profile international deals that integrated European and American markets, while navigating the pre-crisis buildup of market volatility and leverage in global finance.[31] Moelis departed UBS in June 2007 to pursue independent ventures, leaving behind a transformed division that had elevated the bank's standing in worldwide advisory services.[32]
Founding and growth of Moelis & Company
In 2007, Ken Moelis founded Moelis & Company as an independent investment bank following his departure from UBS, where he had served as president of the investment bank division. The firm was established with an initial capital commitment of $170 million, including backing from Stephen Schwarzman, CEO of Blackstone, enabling a boutique model focused on unbiased, client-centric advisory services without conflicts from proprietary trading or lending activities.[33] From its inception, Moelis & Company emphasized mergers and acquisitions (M&A) advisory, quickly securing high-profile mandates such as advising Hilton Hotels on its $26 billion acquisition by Blackstone in late 2007, which marked one of the firm's earliest landmark transactions.[34]
The firm expanded rapidly in its early years, opening offices in key financial centers including Century City, Los Angeles (headquarters), New York, Boston, Chicago, and London by 2008.[5] This growth was driven by organic hiring of experienced bankers and a culture prioritizing long-term client relationships and independence, allowing the firm to navigate the 2008 financial crisis effectively while M&A volumes declined industry-wide.[35] By 2014, Moelis & Company had established itself as a leading independent advisor, completing its initial public offering (IPO) on the New York Stock Exchange under the ticker MC, raising $162.5 million and achieving a debut valuation that reflected its revenue compound annual growth rate of 45% since founding despite broader market challenges.[36][37]
Under Moelis's leadership as CEO from 2007 through 2024, the firm continued its international expansion, growing to over 20 offices across North and South America, Europe, the Middle East, Asia, and Australia, while diversifying into restructuring, capital markets, and strategic advisory.[38] Key milestones included advising on the 2019 initial public offering of Saudi Aramco, the world's largest IPO at $25.6 billion, which underscored the firm's ability to handle mega-transactions in emerging markets.[39][40] Revenues scaled significantly, reaching $1.195 billion in 2024 from $519 million in 2014, supporting a market capitalization of approximately $4.7 billion by late 2025 and reinforcing the firm's reputation for high-margin, conflict-free advice.[41][42] This sustained growth was attributed to Moelis's focus on fostering a collaborative culture and attracting top talent, positioning the firm as a global leader in independent investment banking.[43]
Recent leadership changes
In June 2025, Ken Moelis announced his intention to step down as CEO of Moelis & Company, effective October 1, 2025, transitioning to the role of Executive Chairman to focus on strategic oversight and client advising.[44][45] He will be succeeded by Navid Mahmoodzadegan, the firm's co-founder and co-president, who will also join the Board of Directors upon assuming the CEO position.[44][46] This change marks a significant evolution in the boutique investment bank's leadership, with Mahmoodzadegan's long-standing partnership with Moelis—spanning over 30 years—positioned to maintain continuity in the firm's client-centric approach.[44] Additionally, co-founder and co-president Jeff Raich was appointed Executive Vice Chairman, continuing to lead key business areas.[44]
Earlier in the year, on February 10, 2025, Moelis received a $25 million retention award in the form of profits interest limited partnership units to ensure leadership stability during the transition period.[2][47] The award is structured to vest fully if Moelis remains with the firm until February 2029, allowing him to draw on 100% of the value provided he stays employed, thereby aligning his interests with the company's long-term success amid the planned handover.[2] This incentive was part of broader efforts by the firm to retain senior talent during a period of executive evolution.[47]
These leadership developments occurred against a backdrop of sustained strength in Moelis & Company's M&A advisory business, despite ongoing market volatility driven by economic uncertainties and high interest rates.[48] The firm reported record revenues in the second quarter of 2025 and a 33.9% year-over-year sales increase in the third quarter, fueled by robust deal activity in mergers and acquisitions as well as capital markets.[49][50] Projections for strong M&A growth throughout 2025 underscored the firm's resilience, with analysts noting its competitive positioning in advisory services even as subdued transaction volumes persisted in the first half of the year due to trade-related pressures.[51][52]
Philanthropy and affiliations
Board positions
Ken Moelis served on the Board of Trustees of the University of Pennsylvania, his alma mater, for 10 years, contributing to the oversight of the institution's governance and strategic initiatives. He is also a member of the Wharton School Board of Overseers, where he advises on academic programs and executive education.[4][1]
In the financial sector, Moelis is a non-executive director of MA Financial Group Ltd., an ASX-listed firm providing investment management and advisory services in Australia.[53] He holds a directorship at The Partnership for New York City, Inc., a nonprofit organization focused on fostering economic development and policy advocacy for New York.[54]
Moelis is a member of the Business Council, a CEO-led group addressing U.S. economic policy, and the Business Roundtable, which advocates for sound public policies supporting business growth.[55] Additionally, he serves as an advisor on the Ronald Reagan UCLA Medical Center Board of Advisors, supporting advancements in medical care and research at the facility.[1]
Among his past roles, Moelis was chairman and a director of the Tourette Association of America, where he helped advance awareness, research, and support for individuals with Tourette syndrome.[1]
Philanthropic activities
Ken Moelis co-founded the Ken and Julie Moelis Foundation in the mid-2000s with his wife, Julie Taffet Moelis, to support a range of charitable initiatives primarily focused on education, medical research, humanitarian aid, and cultural organizations.[56] The foundation, based in Los Angeles, has directed resources toward advancing educational access and youth programs, including substantial gifts to the University of Pennsylvania, where the couple are alumni; notable examples include a $10 million endowment in 2017 to establish the Ken Moelis and Julie Taffet Moelis Advance Access Program for deferred MBA admissions and financial aid, and a $5 million contribution in 2008 to bolster the Wharton Sports Business Initiative.[4][57] In medical research, the foundation supports grants to institutions like Cedars-Sinai Medical Center for health initiatives.[58]
The foundation also backs humanitarian efforts and intellectual pursuits, including ongoing support for the Ayn Rand Institute to promote objectivist philosophy and education. With assets exceeding $5 million as of 2023, it has channeled over $500,000 in annual grants toward U.S.-based social programs, reflecting a commitment to domestic impact.[56][59] In recognition of his philanthropic contributions, particularly to Jewish causes through organizations like the UJA-Federation of New York, Moelis received the 2024 Professor Lawrence P. King Award at the UJA's Wall Street Dinner.[58][60]
Personal life
Family
Ken Moelis married Julie Lynn Taffet in 1983 in a Jewish ceremony at the Sephardic Temple in Cedarhurst, New York. The couple met while students at the Wharton School of the University of Pennsylvania, where both graduated magna cum laude.[15][17]
Moelis and his wife have four children: a daughter, Paige, and three sons, Jordan, Cory, and Adam. Their daughter Paige is involved in early-stage investing.[61] Julie Moelis has been actively involved in the family's philanthropic endeavors alongside her husband. In 2003, during a family vacation in Australia, she survived a severe car accident that left her with a broken back.[17][19]
The Moelis family shares close-knit relationships, exemplified by the children’s occasional playful banter with their father on topics like investments in meme stocks such as GameStop and AMC.[62]
Residences and lifestyle
Ken Moelis's primary residence is a sprawling two-acre estate in Beverly Hills, California, featuring a 15,000-square-foot main house with eight bedrooms and twelve bathrooms; his family has resided in the state since Moelis relocated there in 1984 to join Drexel Burnham Lambert's Los Angeles office.[5][63][64] The property, located at 1112 Schuyler Road, exemplifies luxury living in one of the nation's most exclusive enclaves.[65]
In addition to his Beverly Hills home, Moelis owns a part-time beachfront residence in Malibu, which he and his wife Julie acquired in 1996 for $3.2 million before expanding it in 2021 by purchasing and adding the neighboring property for $21.5 million.[64][63] This oceanfront compound serves as a retreat for relaxation amid his demanding professional life.
Despite achieving billionaire status—primarily through his significant equity stake in Moelis & Company—Moelis has historically maintained a relatively low public profile compared to many Wall Street peers, though he has increased media engagements in 2025 amid his transition to executive chairman.[19][66][67] His lifestyle emphasizes privacy and discretion.[68]
Moelis's personal interests center on family vacations and recounting business narratives, a practice inspired by the stories his father shared about commerce during his youth.[17] Following a 2003 family accident in Australia, he has focused on preserving work-life balance alongside his career commitments.[69]
Disclaimer: This profile is based on publicly available information. No endorsement or affiliation is implied.
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