Moelis & Company, the global independent investment bank, today announced its expansion into India with the appointment of Manisha Girotra as Chief Executive Officer of Moelis India, based in Mumbai.
The hire of Ms. Girotra, an Indian national, is the first step in Moelis & Company's expansion plans for India as the firm continues its global growth, having opened offices in the United States, London, Dubai, Frankfurt, Sydney, Hong Kong and Beijing since its formation in July 2007. Moelis & Company provides independent financial advisory services in the areas of Mergers & Acquisitions, Recapitalizations and Restructurings, Capital Markets and Risk Advisory, and asset management services to a broad global client base including corporations, institutions and governments.
Ken Moelis, Chief Executive Officer of Moelis & Company, said, "As we expand our global footprint and information network, we see India, with its scale and importance globally, as a priority for our continued growth. To have attracted someone of Manisha's experience is a true testament to our business model which blends industry expertise and geographic coverage with technical knowledge for the benefit of our clients."
Ms. Girotra joins Moelis & Company after a 16 year career with UBS where she was most recently CEO & Country Head in India managing its investment bank, commercial bank, markets, equity research and wealth management divisions. She has worked on a number of marquee deals during her career including the largest cross-border deal in Indian history, Vodafone's US$13 billion acquisition of HITL's interest in Hutchison Essar, the US$11 billion sale of Zain to Bharti Airtel, Reliance Industries US$3 billion joint venture with Pioneer Natural Resources and Newpek, and The Birla Group's US$6 billion acquisition of Novelis. Last year, Ms. Girotra was nominated to Fortune magazine's Most Powerful Women in Business Club and she has appeared in Business Today's 25 Most Powerful Women in Business in India for the past five years.
Mark Aedy, Head of EMEA and Asia Investment Banking at Moelis & Company, said, "As Indian companies increasingly look overseas for global growth, it is important for us to have a presence in India. Hiring someone of Manisha's experience demonstrates our commitment to the market and will allow us to provide on-the-ground support to clients in-country and those in global markets interested in investing in this critical market."
Ms. Girotra said, "I am delighted to be joining Moelis & Company which has a strong reputation for building long-term business relationships based on trust and providing thoughtful and independent advice that is conflict-free and confidential."
About Moelis & Company
Moelis & Company, recently named Most Innovative Boutique of the Year by The Banker for 2011 and in 2010 and Best Global Independent Investment Bank by Euromoney in 2010, is a global investment bank that provides financial advisory, capital raising and asset management services to a broad client base including corporations, institutions and governments. With more than 580 employees, Moelis & Company serves its clients through offices in New York, Beijing, Boston, Chicago, Dubai, Frankfurt, Hong Kong, Houston, London, Los Angeles and Sydney. For more information, please visit www.moelis.com.