The Dubai office will be led by Augusto Sasso, head of MENA Investment Banking, and the team will offer financial advisory and capital raising services to clients across the Middle East and North African (MENA) markets.
Sasso will report to Mark Aedy, head of EMEA Investment Banking.
Sasso joined the Moelis & Company at its inception and previously held senior roles at Credit Suisse First Boston and Donaldson, Lufkin & Jenrette.
The team also includes a managing director Charles Noel-Johnson, who relocated to Dubai. He has been with the bank since July 2009, prior to which he was at Close Brothers Corporate Finance and JP Morgan.
The Dubai office is Moelis & Company’s seventh office globally and follows the recent authorization for Moelis & Company to conduct regulated activities in the Dubai International Financial Center.
Moelis & Company CEO Ken Moelis said that opening an office in Dubai allows the company to more effectively serve clients in the region with a local presence.
"We expect MENA to experience a high rate of economic growth, increasing financial markets activity and significant cross-border capital flows for a sustained period of time.
"We are looking forward to working with clients in the region on financial transactions and strategic initiatives that add long-term value," Moelis said.
