Later that year, just as boutique investment banks began their ascent, Moelis formed his own firm. Moelis & Co. has advised Hilton Hotels on its sale to Blackstone Group, Anheuser-Busch Cos. on its purchase by InBev and Yahoo! on its defense against Microsoft.
Currently, it is counseling Dubai World on its debt restructuring. With 260 employees, Moelis & Co. is expanding into London, Europe and Asia and may branch into other areas of the capital markets. Maybe CEO Moelis will get to test his trading acumen after all.