REFILE-Moelis forms energy transition investment banking team in cleantech push
(Corrects spelling error in the phrase ... he was at the Norwegian oil and gas company Equinor ... in fifth paragraph)
By David French
NEW YORK, Sept 7 (Reuters) - Moelis & Co said on Thursday it is launching an investment banking team dedicated to advising on deals for companies involved in the energy transition, aiming to win new business among companies pushing to decarbonize the economy.
The Clean Technology Group will be co-led by Arash Nazhad, who the investment back hired recently from Citigroup Inc, alongside Moelis banker Rick Polhemus, according to a statement to Reuters.
The group will collaborate with other teams of Moelis investment bank teams, including those advising on mergers and acquisitions and capital formation across sectors such as power and infrastructure, chemicals and metals and mining.
"The energy transition that is underway demands integrated advisory services, access to capital, and strategic long-term planning," said Navid Mahmoodzadegan, co-president at Moelis.
Houston-based Nazhad spent nearly a decade at Citi, most recently as a managing director covering clean energy and the energy transition. Prior to that, he was at the Norwegian oil and gas company Equinor, where he was also involved in cleantech efforts.
Polhemus arrived at Moelis last year from Morgan Stanley . Based in San Francisco, the veteran banker has been advising companies in the technology, sustainability and services sectors. (Reporting by David French in New York Editing by Frances Kerry)
