Ken Moelis

Moelis was born in 1958,{{cite news|url=https://www.nytimes.com/1983/12/25/style/julie-l-taffet-is-wed-to-kenneth-moelis-on-li.html |title=Julie L. Taffet Is Wed to Kenneth Moelis on L.I. |website=The New York Times |date=1983-12-25 |accessdate=2015-12-11}} the son of Gaye (née Gross) and Herbert I. Moelis, president of Equity Leasing Corporation, an office equipment company in New York, of which his grandfather, Paul I. Gross was its retired president.{{cite web|url=https://www.nytimes.com/1983/12/25/style/julie-l-taffet-is-wed-to-kenneth-moelis-on-li.html |title=Julie L. Taffet Is Wed to Kenneth Moelis on L.I. |website=The New York Times |date=1983-12-25 |accessdate=2015-12-11}} His father is also a breeder of thoroughbred race horses at his CandyLand Stables in Middletown, Delaware.{{cite web|url=https://www.nytimes.com/1988/05/08/style/cindy-moelis-and-robert-rivkin-marry.html |title=Cindy Moelis and Robert Rivkin Marry |website=The New York Times |date=1988-05-08 |accessdate=2015-12-11}} Moelis holds a Bachelor of Science in Economics and a Masters of Business Administration from the Wharton School of the University of Pennsylvania.[http://www.upenn.edu/almanac/volumes/v54/n24/moelis.html $5 Million from Alumni Julie and Ken Moelis to Support Wharton Sports Business Initiative]. University of Pennsylvania Almanac, March 4, 2008

Moelis began his career at Drexel Burnham Lambert in 1981 where he would ultimately serve as a managing director working for Michael Milken in the firm's Los Angeles office. Following the collapse of Drexel, Moelis left with a portion of his team to join Donaldson Lufkin & Jenrette where he served as head of its corporate finance investment banking division.{{cite web|url=https://www.latimes.com/archives/la-xpm-2000-nov-22-fi-55579-story.html|title=Moelis to Leave CSFB for Smaller UBS Warburg |website=Los Angeles Times |date=2000-11-22 |accessdate=2020-06-20}} Under Moelis, DLJ emerged as a prominent investment banking firm in Los Angeles in the 1990s.{{cite web|last=Holson |first=Laura M. |url=https://www.nytimes.com/2000/08/13/business/drexel-alumni-move-onward.html |title=Drexel Alumni Move Onward |website=The New York Times |date=2000-08-13 |accessdate=2015-12-11}}{{cite web|last=Holson |first=Laura M. |url=https://www.nytimes.com/2000/08/13/business/los-angeles-back-on-the-money-map.html |title=Los Angeles, Back on the Money Map |location=Los Angeles (Calif) |website=New York Times|date=2000-08-13 |accessdate=2015-12-11}}

Following the acquisition of DLJ by Credit Suisse First Boston in 2000, Moelis was named head of US investment banking of the combined firm in September 2000.{{cite web|url=https://www.nytimes.com/2000/09/11/business/credit-suisse-assigns-executives.html |title=Credit Suisse Assigns Executives |website=The New York Times |date=2000-09-11 |accessdate=2015-12-11}} However, his tenure at CSFB would be short, announcing his departure for UBS (then known as UBS Warburg) just months later taking the core of his team with him, including a number that would later join Moelis & Company.{{cite web|last=Atlas |first=Riva D. |url=https://www.nytimes.com/2000/11/22/business/credit-suisse-is-losing-another-of-its-top-bankers.html |title=Credit Suisse Is Losing Another of Its Top Bankers |website=The New York Times |date=2000-11-22 |accessdate=2015-12-11}}{{cite web|last=McGeehan |first=Patrick |url=https://www.nytimes.com/2000/12/06/business/two-dozen-more-bankers-leave-credit-suisse-for-ubs.html |title=Two Dozen More Bankers Leave Credit Suisse for UBS |website=The New York Times |date=2000-12-06 |accessdate=2015-12-11}} Moelis recruited more than 70 senior investment bankers to UBS within three months of his arrival.{{cite news|url=https://www.nytimes.com/2007/03/16/business/16swiss.html|title=Future of UBS Executive Part of Wall Street Chatter|newspaper=The New York Times|date=16 March 2007 |accessdate=2015-12-11|last1=Sorkin |first1=Andrew Ross }}

In his six years at UBS, Moelis ultimately assumed the role of president of UBS Investment Bank and was credited with the build-out of UBS's investment banking operation in the United States. By the end of 2006, UBS was ranked Top 4 in the global fee pool for the first time.{{cite news|url=http://dealbook.blogs.nytimes.com/2007/03/19/moelis-leaving-ubs-the-memo/|title=Moelis Leaving UBS : The Memo|newspaper=The New York Times|accessdate=2015-12-11}}

Moelis founded Moelis & Company along with several fellow senior UBS investment bankers that included Navid Mahmoodzadegan, Jeff Raich, John Momtazee, Elizabeth Crain and Warren Woo.{{cite web|url= https://www.latimes.com/archives/la-xpm-2007-jul-20-fi-wrap20.4-story.html |title=Ex-UBS executive Moelis opens firm |website=Los Angeles Times |date=2007-07-20 |accessdate=2020-06-20}}{{cite web|url= https://www.latimes.com/archives/la-xpm-2007-mar-20-fi-wrap20.1-story.html|title=Ken Moelis parts ways with UBS |website=Los Angeles Times |date=2007-03-20 |accessdate=2020-06-20}}{{cite web|author=Tom Petruno |url=https://www.latimes.com/archives/la-xpm-2008-aug-05-fi-moelisside5-story.html|title=His firm has skin in the game |website=Los Angeles Times |date=2008-08-05 |accessdate=2020-06-20}}

Moelis received both his undergraduate degree and MBA from The Wharton School at the University of Pennsylvania in 1981. Today he is a member of the Wharton board of overseers.{{Cite web|url=https://secure.www.upenn.edu/secretary/overseers/overnames.html#wharton|title=Penn: Office of the University Secretary: Boards of Overseers|website=secure.www.upenn.edu|language=en|access-date=2018-07-05}} Moelis is chairman of the Tourette Association of America and is on the board of governors of Cedars Sinai Hospital.{{citation needed|date=June 2018}} Moelis is a member of the Hillcrest Country Club.{{citation needed|date=June 2018}} In 2011, 2014, and 2016, he was included in the 50 Most Influential ranking of Bloomberg Markets magazine.{{citation needed|date=June 2018}}

In 1983, Moelis married Julie Lynn Taffet in a Jewish ceremony at the Sephardic Temple in Cedarhurst, New York. His sister, Cindy S. Moelis, was appointed director of the Presidential Commission on White House Fellows and is married to Robert S. Rivkin who was appointed by President Barack Obama as the 21st General Counsel of the United States Department of Transportation (DOT){{cite web|url=http://www.allgov.com/news/appointments-and-resignations/ambassador-to-france-who-is-charles-rivkin?news=839195 |title=Appointments and Resignations - Ambassador to France: Who is Charles Rivkin? - AllGov - News |website=AllGov.com |date=2009-07-14 |accessdate=2015-12-11}}{{cite web|author= |url=https://www.huffingtonpost.com/carol-felsenthal/all-in-the-family_b_209280.html |title=All in the Family - Husband, Wife, Brother all Make Obama's Team | Carol Felsenthal |website=Huffingtonpost.com |date=2009-06-30 |accessdate=2015-12-11}} Moelis funded Yotta Savings, a prize-linked savings account fintech company that was cofounded by his son, Adam.{{cite news |last1=Basak |first1=Sonali |title=Startup Bets People Will Save Money for a Chance to Win $10 Million |url=https://www.bloomberg.com/news/articles/2020-09-10/saving-money-startup-bets-people-will-do-it-for-a-chance-to-win-10-million |access-date=November 28, 2024 |work=Bloomberg |date=September 10, 2020 |language=en}}

{{Reflist}}

• [http://www.encyclopedia.com/doc/1G1-11799259.html The dealer's got a hot hand]. Los Angeles Business Journal, October 21, 1991
• [https://www.bloomberg.com/apps/news?pid=20601170&sid=aLnEZydRZL2Q Ken Moelis Waits for Bat Phone to Ring as Wall Street Rebounds]. Bloomberg, August 10, 2009
• [https://web.archive.org/web/20090117150522/http://www.moelis.com/news/documents/Dealmaker_The_Networker.pdf The Networker:]. Dealmaker, April/May 2008
• [https://www.youtube.com/watch?v=ic0TCTlNWn0 Check Your Premises: An Objectivist's View of the Modern World]. Adam Smith Institute YouTube Channel, December 2, 2015
• [https://money.cnn.com/magazines/fortune/fortune_archive/1997/04/14/224963/index.htm Drexel's Heir]. Fortune, April 14, 19967

{{UBS AG}}

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Category:1958 births

Category:Living people

Category:American investment bankers

Category:Jewish American bankers

Category:Drexel Burnham Lambert

Category:UBS people

Category:Wharton School alumni

Category:Objectivists

Category:American billionaires

Category:Moelis family

Category:American company founders