November 07, 2011
New York, November 07, 2011
Moelis & Company, the New York-headquartered global independent investment bank, today announced the appointment of John Thorndike as a Managing Director in the Utility sector where he will focus on major power company clients.
Ken Moelis, Chief Executive Officer of Moelis & Company, said, “The power sector is intensely relationship-driven and no banker on Wall Street has longer or better relationships than John who worked on his first utility deal in 1972. His relationships combined with the innovative and independent advice upon which we pride ourselves will allow us to provide unique value to our power clients.”
Mr. Thorndike joins Moelis & Company from Credit Suisse where he has been Managing Director and Senior Advisor for the past five years. Before Credit Suisse, Mr. Thorndike worked for Merrill Lynch from 1984-2007 and with Morgan Stanley from 1971-1984. He has originated a number of marquee deals during his career for companies including TXU Energy, Next Era Energy, New England Electric System, Allegheny Energy, WPH Holdings, Delmarva Power & Light, PPL Corporation, Merrill Lynch & Co, Great Plains Energy, Pepco Holdings, and Exelon Corporation.
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 570 employees, Moelis & Company serves its clients through offices in New York, Boston, Chicago, Dubai, Hong Kong, Houston, London, Los Angeles and Sydney. For more information, please visit www.moelis.com.
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