Sorrell Capital Founder To Moelis

May 28 2014 | 9:58am ET

Following a three-year foray into hedge funds, Robert Sorrell is returning to investment banking.

Sorrell was named a managing director and senior financial sponsor advisor at boutique investment bank Moelis & Co., Financial News reports. The move comes a year after Sorrell shuttered his Sorrell Capital, which he launched in 2010 after leaving Goldman Sachs.

“Improvement in the macroeconomic environment, monetization of existing sponsor portfolio assets and new money raised by funds are all expected to drive higher volumes of financial sponsor activity in Europe in the coming years,” Moelis’ co-head for Europe, Kasim Kutay, said. “With this increase in activity, we are delighted that Robert is joining the firm.”

Sorrell is one of three financier sons of Martin Sorrell, head of advertising and public-relations firm WPP. His brother, Jonathan, who once ran Goldman’s Petershill private-equity fund investing in hedge fund firms, is now CFO of the Man Group. Mark Sorrell remains at Goldman as co-head of U.K. investment banking.


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...