Moelis & Co. Opens London Office

The firm opened an office in London last month and has begun recruiting personnel for its new outpost, a source familiar with the situation said. The London branch is Moelis & Co.'s first outside the US; the bank's other offices are located in Los Angeles, Chicago, New York and Boston. Most of Moelis & Co.'s 160 professionals work in New York.

Moelis & Co. hired Kristian Bagger as a managing director to oversee the London branch, the source said. Bagger was most recently a...