Moelis & Company (NYSE: MC), a global independent investment bank, has appointed Adrian Goodisman as a managing director providing financial and strategic advice to upstream oil and gas companies. He will join the firm in September and will be based in Houston.
Goodisman joins Moelis & Company with over 25 years of investment banking and technical experience in the oil and gas exploration and production sector. He was most recently a managing director at Scotiabank where he served in a variety of positions including co-head US of Scotia Waterous – the firm’s oil and gas investment banking division. Prior to Scotiabank, Goodisman was a managing director and president at Waterous & Co. USA, the predecessor to Scotia Waterous, where he was responsible for building out the firm’s US practice.
“Adrian’s deep client relationships, particularly in the E&P space, will be a perfect complement to our growing energy coverage franchise,” said Jeff Raich, co-president of Moelis & Company. “Given the improvement in oil and gas prices from the start of the year, as well as the availability of capital targeting energy investments, we expect to see an increase in M&A activity. In particular, we expect significant acquisition and divestiture activity at the asset level, as companies look to re-balance their portfolio. Adrian’s years of investment banking experience and technical expertise will be incredibly beneficial as our upstream oil and gas clients seek advice on how to adapt to this dynamic.”
Goodisman is the third managing director to join Moelis & Company’s growing energy coverage business in Houston over the past 12 months. In March, the firm appointed Brian Jinks to cover midstream oil and gas companies and master limited partnerships and last year David Cunningham was appointed to cover oil and gas clients, primarily in the service sector.