Moelis targets Asia expansion with purchase

first_img Tags: NULL Show Comments ▼ INVESTMENT bank Moelis is making its first move into Asia with the acquisition of a local boutique adviser.The firm, founded by high-profile former UBS banker Ken Moelis, has developed aggressively since it began trading just over three years ago and is now making a global push.The bank has purchased Asia Pacific Advisers, the Hong Kong-based boutique advisory firm established by Richard Orders, the former head of global clients in Asia-Pacific for ABN Amro. Moelis will take on all eight of APA’s staff, including two senior bankers who have worked in the Asia-Pacific region for the past 20 years.The investment bank’s expansion could help it to tap the exploding Asia-Pacific market for investment bank revenues. The move comes hot on the heels of the opening of a Moelis office in Dubai last week. Revenue from fees for investment banks across the region increased by 55.7 per cent to $12.1bn (£7.6bn) last year, representing 17 per cent of the $69.7bn global market, according to data compiled by Dealogic. whatsapp KCS-content Share Moelis targets Asia expansion with purchase Thursday 27 January 2011 8:54 pm More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: whatsapplast_img read more