In 2023, Moelis & Co, a prominent investment banking firm, underwent a substantial expansion in their workforce, particularly in senior positions.
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This expansion led to a notable increase in compensation expenses by 16%, reflecting the firm’s preparation for an expected upsurge in mergers and acquisitions (M&A) activities.
At the helm of this strategic move was Ken Moelis, a veteran banker with a wealth of experience from previous roles at major financial institutions.