Ken Moelis to step down as CEO of his investment bank, WSJ reports

June 09, 2025 04:22 AM PDT | By EODHD

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Ken Moelis to step down as CEO of his investment bank, WSJ reports — Image source: Kalkine Media

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(Reuters) -Ken Moelis is planning to step down as chief executive officer of his investment bank Moelis & Co, he told the Wall Street Journal in an interview on Monday. Co-founder and co-president Navid Mahmoodzadegan is likely to be the next CEO, while Moelis will take on the executive chairman role on October 1, according to the report. The leadership transition would mark a significant milestone for the bank, which has been led solely by Moelis since its founding in 2007. Moelis, who has worked as an investment banker for more than 40 years, is one of the most respected names on Wall Street. He was once a banker to current U.S.

President Donald Trump and played a key role as a senior executive at UBS. His firm is also among a select group of pure-play investment banks, dedicated primarily to offering advice instead of lending or trading. Succession at firms closely tied to their founding CEO can be tricky because of their personal influence. But Ken Moelis said he expects to pull off the "smoothest transition ever in the history of Wall Street", the WSJ reported. The bank did not immediately respond to a Reuters request for comment.

(Reporting by Niket Nishant in Bengaluru; Editing by Shilpi Majumdar and Anil D'silva) View Comments

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