Martin Cole
Key Takeaways
- Moelis & Company has hired 11 former Silicon Valley Bank technology dealmakers.
- The hires include a fintech and payments specialist.
- Moelis aims to double the size of its technology investment banking team.
- The new hires will focus on areas such as fintech, application software, and infrastructure and security software.
- Nine of the 11 hires previously worked together at UBS before joining SVB’s investment banking arm.
Introduction
Investment bank Moelis & Company has made a significant move in the technology investment banking space by hiring 11 former Silicon Valley Bank (SVB) technology dealmakers. This strategic move comes after SVB’s collapse and allows Moelis to strengthen its position in the technology sector. With the addition of these new hires, Moelis aims to double the size of its technology investment banking team and expand its capabilities in supporting the full technology ecosystem.
Expanding the Technology Investment Banking Team
Moelis & Company has made a bold move by bringing in 11 experienced technology dealmakers from Silicon Valley Bank. This includes the appointment of Jason Auerbach as the global head of technology investment banking. Auerbach brings a wealth of experience and expertise in the technology sector, making him a valuable addition to Moelis. Alongside Auerbach, 10 managing directors have also joined the team, each specializing in different areas of technology investment banking.
Focus on Fintech and Payments
One of the key hires in Moelis’s expansion is Georgi Balinov, who will focus on growing the firm’s fintech franchise. With the rapid growth of the fintech industry, having a specialist in this area is crucial for Moelis to stay competitive. Balinov’s expertise in fintech and payments will enable Moelis to provide tailored solutions and advice to clients operating in this sector.
Specializations in Application Software and Infrastructure and Security Software
In addition to the fintech and payments specialist, Moelis has also brought in managing directors who specialize in application software and infrastructure and security software. These areas are critical in the technology industry, and having experts in these fields will allow Moelis to provide comprehensive and targeted advice to clients. By expanding its capabilities in these areas, Moelis aims to become a go-to investment bank for technology companies seeking strategic guidance.
Building on Previous Success
Interestingly, nine out of the 11 new hires previously worked together at UBS before joining SVB’s investment banking arm. This indicates a strong track record of success and collaboration among the team. By reuniting these individuals at Moelis, the investment bank is leveraging their collective expertise and experience to further strengthen its technology investment banking capabilities.
Enhancing Support for the Technology Ecosystem
With the addition of these new hires, Moelis aims to enhance its support for the full technology ecosystem. The expanded team will be able to provide a wide range of services, including mergers and acquisitions, capital raising, and strategic advisory, to technology companies at various stages of growth. This comprehensive approach will enable Moelis to cater to the diverse needs of its clients and establish itself as a trusted partner in the technology industry.
Conclusion
Moelis & Company’s hiring of 11 former Silicon Valley Bank technology dealmakers is a significant move that demonstrates the investment bank’s commitment to expanding its presence in the technology sector. With a focus on fintech, application software, and infrastructure and security software, Moelis aims to provide tailored solutions and advice to technology companies. By leveraging the expertise and experience of the new hires, Moelis is well-positioned to support the full technology ecosystem and become a leading player in technology investment banking.
