PARIS (Reuters) – U.S. investment bank Moelis & Co is strengthening its presence in France by hiring Edouard Debost from JPMorgan, it said on Tuesday.
Debost, who will join Moelis as managing director in July, previously led JPMorgan’s private client advisory team for the Europe, Middle East and Africa region, the listed boutique bank said in a statement.
Private client advisors provide financial advice to clients who have a high net worth, which typically include family offices.
Moelis said Debost was also responsible for investment banking coverage of pension and sovereign wealth funds in his previous roles at JPMorgan.
(Reporting by Mathieu Rosemain; Editing by Christina Fincher)