Houlihan Lokey Names Scott Adelson CEO as Beiser Steps Down (1)

Houlihan Lokey Inc. Chief Executive Officer Scott Beiser is resigning from the role after more than two decades and will be succeeded by Co-President Scott Adelson.

The change will take effect June 10, the Los Angeles-based investment bank said Monday in a statement. Beiser, who has been CEO since 2003, will become a co-chairman. Adelson, 63, is also co-head of corporate finance.

Scott Adelson

Source: Scott Adelson

“I am extraordinarily proud of the firm we have built, from a small valuation firm to one of the largest and most successful independent investment banks in financial services,” Beiser said in the statement.

Houlihan Lokey ...