Moelis Plans Saudi Hires as ‘Energy Supercycle’ Stirs Gulf Deals - Bloomberg
Moelis & Co. will soon hire staff in Saudi Arabia as it sees the kingdom attracting more foreign investors and benefiting from an “energy supercycle.”
The boutique financial adviser, founded by Wall Street veteran Ken Moelis, wants to open an office in Riyadh, the Saudi capital, and do more deals as the world’s biggest oil exporter privatizes some companies and the stock market sees a burst of initial public offerings.
“We are waiting for a final stamp on our license,” Vice Chairman Eric Cantor said in an interview. “It’s forthcoming and part of that is hiring Saudis.”
He declined to say how many people the bank wants to employ.
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