Moelis Strengthens Tech Team with Managing Director Hires

Moelis & Company, a leading global independent investment bank, recently announced the expansion of its technology division with the hiring of two new managing directors. This move reflects the firm’s commitment to expanding its technology capabilities and providing top-notch services to clients in this rapidly growing sector.

The two new managing directors, who have extensive experience in the technology industry, are set to join Moelis’ San Francisco office. Their addition brings the number of managing directors in the technology division to six, signaling a significant expansion of the team’s capacity.

“We are excited to welcome these two experienced managing directors to our technology team,” said Navid Mahmoodzadegan, Co-President of Moelis & Company. “Their extensive industry expertise and deep relationships in the technology community will help us provide even better service to our clients in this important sector.”

The first of the two new hires is Alex Duncan, who joins Moelis from Goldman Sachs, where he served as a managing director and co-head of technology banking for the Americas. Prior to his time at Goldman Sachs, Duncan worked at JPMorgan Chase and Bank of America Merrill Lynch.

The second new managing director is Matt Skurbe, who joins Moelis from Deutsche Bank, where he was a managing director and co-head of technology investment banking for the Americas. Prior to his time at Deutsche Bank, Skurbe worked at Bank of America Merrill Lynch and Credit Suisse.

Both Duncan and Skurbe bring a wealth of experience in technology investment banking, including advising on M&A, IPOs, and other strategic transactions. Their expertise and relationships in the industry are expected to be valuable assets to Moelis as the firm continues to expand its presence in the technology sector.

Moelis has been making significant investments in its technology division over the past few years, as it seeks to position itself as a leader in technology investment banking. The firm has been involved in a number of high-profile transactions in the sector, including serving as advisor to Salesforce on its $27.7 billion acquisition of Slack and to ZoomInfo on its $8.2 billion IPO.

The expansion of Moelis’ technology team comes at a time when the technology sector is experiencing significant growth, with increasing demand for investment banking services. The pandemic has accelerated the adoption of technology across industries, and the sector is expected to continue to be a key driver of economic growth in the years to come.

With the addition of Duncan and Skurbe, Moelis is well positioned to capitalize on this growth and provide clients with the expertise and support they need to navigate this rapidly evolving sector.

In conclusion, Moelis & Company’s expansion of its technology division with the hiring of two new managing directors reflects the firm’s commitment to providing top-notch services to clients in the technology sector. The addition of these two experienced professionals is expected to strengthen the firm’s capabilities in technology investment banking and position it for continued growth in this rapidly evolving sector.