Archive · 9 Jun 2025
Ken Moelis to Step Down as Moelis & Co. CEO
Ken Moelis, the boss of the investment bank Moelis & Co., is switching jobs.
He's moving from CEO to a new role as Executive Chairman starting October 1st.
His co-worker, Navid Mahmoodzadegan, will become the new CEO.
Another leader, Jeff Raich, will become Executive Vice Chairman.
Moelis started the company after leaving another bank and has built it up over time.
The company has had some struggles recently, with the company’s stock down this year.
This change is meant to help the company grow and give new leaders a chance.
Ken Moelis will step down as CEO of Moelis & Co. on October 1st and become Executive Chairman.
Navid Mahmoodzadegan, the Co-President, will take over as CEO.
Jeff Raich, the other co-president, will become Executive Vice Chairman.
Moelis founded the firm in 2007 after leaving UBS Group AG.
The firm's shares have decreased by 20% this year.
- Who
- Ken Moelis and Navid Mahmoodzadegan
- What
- Ken Moelis is stepping down as CEO and Navid Mahmoodzadegan is taking over.
- When
- Effective October 1.
- Where
- At Moelis & Co.
- Why
- To elevate new leadership and provide growth opportunities.
- Moelis's New Role
- Executive Chairman
- Effective Date of Change
- October 1
- New CEO
- Navid Mahmoodzadegan
- Jeff Raich's New Role
- Executive Vice Chairman
- Moelis & Co. Founding Year
- 2007
- Company went public
- 2014