Ken Moelis to step down as CEO of his investment bank, WSJ reports
June 9 (Reuters) - Ken Moelis is planning to step down as the chief executive officer of his investment bank Moelis & Co (MC.N), opens new tab, the Wall Street Journal reported on Monday.
The veteran dealmaker is expected to become the executive chairman on October 1, the report said, citing an interview.
Co-founder and co-president Navid Mahmoodzadegan is likely to succeed Moelis as the CEO, the report said.
The bank did not immediately respond to a Reuters request for comment.
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