RBS loses director to Moelis & Co
(12 April 2010 – Australia) Royal Bank of Scotland’s director and equity sales trader David Iron announced his resignation from the bank late last week, also revealing his intentions to work for Moelis & Co setting up its new Australian investment bank.
Mr Iron sent an internal email to colleagues, according to The Australian, saying that after five exciting, interesting and frequently challenging years he was leaving RBS to reunite with old UBS colleagues at Moelis & Company to create a new investment bank in Australia.
Mr Iron also said in the email that he expects to start at Moelis & Co in July after going on gardening leave last week.
Moelis & Company, the New York-based investment bank, announced the establishment of a new office in Sydney in August last year. Of the five person team hired to cover the Australian and Asian markets, Chris Wyke was appointed as managing director and Julian Biggins joined the firm as senior vice president.
Moelis last month also added ex-UBS co-head of Australasian equities John Steinthal as a managing director and head of equities for Australia; the bank also added Andrew Pridham to its ranks as head of investment banking.
Mr Iron also said in the email that he expects to start at Moelis & Co in July after going on gardening leave last week.
Moelis & Company, the New York-based investment bank, announced the establishment of a new office in Sydney in August last year. Of the five person team hired to cover the Australian and Asian markets, Chris Wyke was appointed as managing director and Julian Biggins joined the firm as senior vice president.
Moelis last month also added ex-UBS co-head of Australasian equities John Steinthal as a managing director and head of equities for Australia; the bank also added Andrew Pridham to its ranks as head of investment banking.
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