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Moelis & Company Appoints Elizabeth Crain to Vice Chair and Kate Pilcher Ciafone to Chief Operating Officer

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Moelis & Company (NYSE: MC) announced management changes effective October 1, 2023. Elizabeth Crain, a Founding Partner and COO since 2007, has been appointed Vice Chair. She will lead critical strategic initiatives and client sponsorship globally. Kate Pilcher Ciafone, previously COO of Investment Banking since 2019, has been promoted to COO, taking over from Crain. Both leaders bring extensive experience in investment banking, aiming to drive the firm’s growth and strategic vision. Crain's leadership, recognized by Barron’s as one of the 100 Most Influential Women in U.S. Finance, strengthens Moelis’s commitment to delivering high-quality advice to clients worldwide.

Positive
  • Leadership transition with Elizabeth Crain moving to Vice Chair could bring fresh perspectives.
  • Kate Pilcher Ciafone's promotion to COO ensures continuity in strategic execution.
Negative
  • Potential concerns over continuity and experience gaps due to leadership change.

NEW YORK--(BUSINESS WIRE)-- Moelis & Company (NYSE: MC), a leading global independent investment bank, today announced the appointment of Elizabeth Crain to Vice Chair and the promotion of Kate Pilcher Ciafone to Chief Operating Officer (COO), both effective October 1, 2023.

Elizabeth Crain is a Founding Partner at Moelis & Company where she has led the Firm’s global strategy and operations as COO since 2007. Elizabeth has been an integral member of the Firm’s leadership team since its inception driving the Firm’s growth and expansion of its advisory capabilities. She has been in the investment banking and private equity industries for almost 35 years as a banker, principal and operating executive.

In her new role as Vice Chair, Elizabeth will focus on positioning the Firm for its next phase of growth by leading Moelis’s most critical strategic and client initiatives and providing senior sponsorship to clients globally.

Kate Pilcher Ciafone is a Co-Founder and has been the Chief Operating Officer of Investment Banking at Moelis since 2019, where she has played a critical role in driving the Firm’s business strategy and helping to build its operational infrastructure. Kate has over 20 years of experience in the investment banking industry both as a banker and as an operating executive. Kate will succeed Elizabeth and assume all COO responsibilities for the Firm, including oversight of its corporate operations.

Elizabeth Crain commented, “Kate exemplifies the values of our Firm and is exceptionally well qualified to take the helm as COO. We have worked together for nearly the past 20 years, and I look forward to our continued partnership and building on Moelis’s many great successes.”

Ken Moelis commented, “We are fortunate to have a profound depth of expertise, leadership and talent in Elizabeth and Kate. Elizabeth has been a driving force behind our growth and success and will be vital as we further enhance how we bring the highest quality advice and solutions to our clients around the globe. This transition represents our focus on building for the future and developing the next generation of leaders to uphold the tenets on which we founded the Firm—trust, partnership and long-term relationships—as we deliver differentiated advice to our global clients.”

In 2022, Elizabeth was named one of the 100 Most Influential Women in U.S. Finance by Barron’s Magazine. She is a Director Nominee to the Nokia Corporation (NYSE: NOK) and serves on the Board of Directors of Exscientia Ltd. (NASDAQ: EXAI) and the Graduate Executive Board of The Wharton School. Earlier this year, Kate was named to the 2023 Class of David Rockefeller Fellows by the Partnership for New York City. She serves on the Board of Directors of MA Financial Group Limited (ASX: MAF).

About Moelis & Company

Moelis & Company is a leading global independent investment bank that provides innovative strategic advice and solutions to a diverse client base, including corporations, governments and financial sponsors. The Firm assists its clients in achieving their strategic goals by offering comprehensive integrated financial advisory services across all major industry sectors. Moelis & Company’s experienced professionals advise clients on their most critical decisions, including mergers and acquisitions, recapitalizations and restructurings, capital markets transactions, and other corporate finance matters. The Firm serves its clients from 23 locations in North and South America, Europe, the Middle East, Asia and Australia. For further information, please visit: www.moelis.com or follow us on Twitter @Moelis.

Media:

Alyssa Castelli

Moelis & Company

T: + 1 212 883 3802

M: + 1 929 969 2918

alyssa.castelli@moelis.com

Investors:

Matt Tsukroff

Moelis & Company

T: + 1 212 883 3800

M: +1 917 526 2340

matthew.tsukroff@moelis.com

Source: Moelis & Company

FAQ

What management changes occurred at Moelis & Company in October 2023?

Elizabeth Crain was appointed Vice Chair, and Kate Pilcher Ciafone was promoted to COO.

Who is Elizabeth Crain and what is her new role?

Elizabeth Crain is a Founding Partner and former COO who will now focus on strategic initiatives as Vice Chair.

What experience does Kate Pilcher Ciafone have at Moelis & Company?

Kate has been with Moelis since its founding and was COO of Investment Banking before her promotion.

How might the management changes impact Moelis’s stock value?

Leadership changes can affect investor confidence and strategic direction, potentially impacting stock performance.

What are Elizabeth Crain's notable achievements?

She was recognized by Barron’s as one of the 100 Most Influential Women in U.S. Finance in 2022.

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