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Ken Moelis points to dealmaker hires after record year with 63% pay hike: ‘All I see is white space’
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fnlondon.comMoelis & Co has hiked pay by 63% and plans to hire more senior bankers, as boutique investment banks continue to unveil record years amid an unprecedented deal boom.
The boutique, headed by veteran dealmaker Ken Moelis, brought in record revenues of $1.5bn in 2021, up by 63% on the previous year. The bank increased compensation costs by the same percentage to $914m as bonuses have surged for key dealmakers amid an M&A boom that has brought in a record $130bn in fees across the industry, according to data provider Dealogic.
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