(16 March 2010 – Australia) Andrew Pridham is the latest banking executive to jump ship to the recently established Australian business of New York-based investment bank Moelis & Co, joining the team as head of investment banking.
Mr Pridham joins Moelis & Co from JPMorgan, where he most recently held the role of executive chairman at the investment bank.
Moelis & Co also announced the appointment of John Steinthal as head of equities in Australia.
Mr Steinthal was most recently co-founder and principal of Edward Baillie Capital and previously was managing director and co-head of Australasian equities at UBS.
The announcements follow the confirmations in August that Moelis & Co had lured five property bankers from JPMorgan, including Chris Wyke and Julian Biggins, to form its first Australian office and increase its coverage of the Asia-Pacific region.
Chief executive officer of Moelis & Co, Ken Moelis told The Australian Financial Review, last August, that the credit crisis had created an ideal opportunity to poach quality staff.
Mr Moelis this week told Dow Jones Newswires that the Australian based team has had strong momentum in actively advising clients on complex transactions as well as introducing the firm’s banking model to the Australian market.
Mr Pridham said, in a statement, that as an integrated investment banking business, with both advisory and equities capabilities, Moelis & Co is confident it will be able to attract some of Australia's most talented investment bankers to the firm and build a successful client-focused organisation.
