Moelis Announces Continued Expansion of its Energy Franchise
February 28 2024 - 9:00AM
Business Wire
Appoints Stephen Trauber as Chairman and Global
Head of Energy and Clean Technology
Energy bankers Muhammad Laghari and Alexander
Burpee also join as Managing Directors
Moelis (NYSE: MC), a leading global independent investment bank,
today announced that it has appointed Stephen Trauber as Chairman
and Global Head of Energy and Clean Technology. Based in Houston,
Steve will lead the Firm’s global efforts in this space, building
on the strength of its U.S. Energy business, led by David
Cunningham, and its deep expertise across the Middle East and
Europe. His arrival further expands the Firm’s offerings and
relationships across energy services, upstream, midstream and
energy infrastructure, electrification, mobility, sustainability,
LNG and natural gas, among other sub-sectors.
With over 35 years of experience, Steve has advised on more than
$700 billion of energy transactions, including many of the sector’s
most significant and transformative M&A and financing
transactions. In addition to assembling more than 300 oil and
natural gas transactions, he has also served as lead financier for
many of the industry’s IPOs and equity and debt capital markets
deals. Steve most recently served as Vice Chairman and Global
Co-Head of Natural Resources and Clean Energy Transition at Citi,
where he was responsible for creating and building its Clean Energy
Transition business. Prior to Citi, Steve was Vice Chairman and
Global Head of Energy at UBS Investment Bank, where he worked with
Ken Moelis.
Effective March 4, senior energy bankers Muhammad Laghari and
Alexander Burpee will also join as Managing Directors in Houston to
provide strategic advice and execution expertise to upstream and
midstream oil and gas clients. Muhammad and Alex each bring over 15
years of energy experience to Moelis and join from Guggenheim where
they were Senior Managing Directors in the Energy Investment
Banking group. Previously, Muhammad and Alex were part of Citi’s
Energy Investment Banking team, then led by Steve Trauber, where
Muhammad served as Head of North America Upstream Investment
Banking and Alex helped lead a technical A&D team providing
strategic advice and deal execution expertise to clients. Before a
career in investment banking, Alex held technical roles in
exploration and production with Schlumberger and Hess.
Navid Mahmoodzadegan, Co-Founder and Co-President at Moelis
commented, “Steve is a recognized leader in the industry who has
played a key role in many of the energy sector’s landmark
transactions. We are thrilled to have him lead our global Energy
& Clean Technology franchise and look forward to working with
Muhammad and Alex as we continue to provide critical advice to our
clients across this rapidly evolving industry.”
Ken Moelis, Chairman and Chief Executive Officer at Moelis
added, “We continue to strengthen our business across key sectors
to enhance the innovative advice and solutions we provide our
clients. I look forward to reuniting with Steve and know that our
established global energy franchise and our dedicated Clean
Technology effort will greatly benefit from his deep experience
building teams that foster growth. Investing in our Energy efforts
and delivering our expanded expertise to clients around the world
remains a key strategic focus at Moelis.”
"I am excited to join Moelis to help grow its global Energy and
Clean Technology business and rejoin Ken and many of my former
colleagues,” said Steve. “I am also delighted to partner with David
Cunningham whom I have known for many years. The global energy
ecosystem is undergoing major consolidation and change. I look
forward to actively participating in its strategic evolution and
working with so many of our clients that are evaluating how best to
create value during this period of transformation."
These hires follow the Firm’s September 2023 announcement of the
launch of its Clean Technology Group with a dedicated focus on
Energy Transition and sustainability, and appointments of Arash
Nazhad and Rick Polhemus to co-lead the group.
About Moelis & Company
Moelis & Company (“Moelis”) is a leading global independent
investment bank that provides innovative strategic advice and
solutions to a diverse client base, including corporations,
governments and financial sponsors. The Firm assists its clients in
achieving their strategic goals by offering comprehensive
integrated financial advisory services across all major industry
sectors. Moelis & Company’s experienced professionals advise
clients on their most critical decisions, including mergers and
acquisitions, recapitalizations and restructurings, capital markets
transactions, and other corporate finance matters. The Firm serves
its clients from 23 locations in North and South America, Europe,
the Middle East, Asia and Australia. For further information,
please visit: www.moelis.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240227628285/en/
Media: Alyssa Castelli Moelis & Company T: + 1 212
883 3802 M: + 1 929 969 2918 alyssa.castelli@moelis.com
Investors: Matt Tsukroff Moelis & Company T: + 1 212
883 3800 M: +1 917 526 2340 matthew.tsukroff@moelis.com
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