Moelis’ Incoming CEO Says Deal Pipeline Is Hitting Record Highs

Moelis & Co.’s incoming Chief Executive Officer Navid Mahmoodzadegansaid the investment bank’s deal pipeline is touching record highs, with clients eager for transactions to bolster growth.

“People want to transact, they want to lean into deals,” Mahmoodzadegan, who in October will take over from Ken Moelis atop the New York-based firm, said in an interview on Bloomberg TV. The bank’s pipeline is “at or near” record highs as clients seek deals to “supercharge” growth, improve efficiency and position themselves for the impact of AI on the economy, he added.

“There’s lots of capital available to do that and ...