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Published on 4/29/2009 in the Prospect News Distressed Debt Daily and Prospect News Special Situations Daily.

Moelis announces Matthew Prest, Charles Noel-Johnson to join in July

By Devika Patel

Knoxville, Tenn., April 29 - Moelis & Co. announced that Matthew Prest and Charles Noel-Johnson will join the firm's recapitalization and restructuring group in July.

They will be based in London.

Prest and Noel-Johnson, who have worked together for over five years, were previously at Close Brothers, where they built a leading European restructuring practice.

Managing director Prest has over 15 years of restructuring experience. He was a managing director and head of the European restructuring group at Close Brothers in London, where he led a number of complex restructurings across a broad range of industries.

Prest joined Close Brothers from M&G Investment Management Ltd., where he was a director of restructuring. Prior to that, he spent eight years at KPMG in both London and Thailand as part of its restructuring team.

Executive director Noel-Johnson was a director in the European restructuring group at Close Brothers, where during the past eight years he has advised a wide array of corporations, sponsors and creditors across Europe on restructuring and distressed M&A transactions. Prior to Close Brothers, Noel-Johnson worked at JPMorgan for two years in asset management in both London and New York.

"Our team in London is now gaining real momentum, and we continue to expand our offering in Europe to provide clients with financial advisory services in areas which are proving critical in today's environment," chief executive officer Ken Moelis said in a press release.

"Adding Matthew and Charles to our team demonstrates our commitment to establish the firm as a premier provider of restructuring advice in Europe. This important step further strengthens Moelis & Co.'s global restructuring franchise, which currently has over 60 professionals advising clients on restructuring matters in the United States."

Based in New York, Moelis is an investment bank.


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