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: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of