Ken Moelis to step down as chief executive of Moelis
Veteran dealmaker will become executive chair of investment bank
Veteran dealmaker will become executive chair of investment bank

Charles Moore of Alvarez & Marsal to become ‘interim chief executive’ as well as chief restructuring officer

US investment bank acquires firm where former chancellor George Osborne is among five-strong partnership

Investors including Accel and Iconiq are also pressing for greater board representation for shareholders

Alfred Lin and Pat Grady will take over as ‘senior stewards’ following a tumultuous period for the group

Former chancellor is expected to step back to part-time role some time after deal for London investment bank closes

UK digital bank due to give current chief executive broader than expected remit when he steps down next month