- Moelis & Company has hired a senior banker from Barclays to advise on internet and digital media transactions.
- Anuj Mathur joins the firm as a managing director after nearly five years covering tech companies for Barclays.
- He's one of at least eight senior bankers Moelis has hired in 2018.
Moelis & Company has hired a senior banker from Barclays to advise on internet and digital media transactions.
Anuj Mathur is joining as a managing director in the firm's San Francisco office, where he'll cover an array of tech companies ranging from ecommerce to consumer fintech, the company announced Thursday.
"Digital innovation, ecommerce, and rapidly improving mobile technology continue to impact strategic decision making for companies across every industry," Navid Mahmoodzadegan, co-president of Moelis, said in a statement. "The innovative public and private companies leading these advances will benefit from Anuj's deep sector experience, while non-internet companies will benefit from his expertise advising on digital strategy, asset optimization, and strategic positioning."
Mathur joins Moelis after nearly five years at Barclays, where he was a managing director in the bank's internet and digital media practice. Before that, he was with Deutsche Bank for 10 years.
Barclays did not immediately respond to requests for comment.
Mathur's hire continues the trend of independent investment banks picking off top talent from bulge-bracket investment banks.
Moelis has been particularly active, adding at least eight senior bankers thus far in 2018, according to announcements on the bank's website.
The hires come amid a record year for dealmaking, with $1.7 trillion in mergers and acquisitions through early May, many from megadeals worth north of $10 billion. Technology, media, and telecom - along with healthcare and consumer/retail - has been among the hottest sectors.
The wave of megadeals in recent months has in part been driven by the fallout of Amazon's $13.7 billion buyout of Whole Foods last summer. That landscape shifting deal served as a wake-up call to every corporate boardroom that no industry is safe from tech disruption, and it has a resulted in many non-tech companies scrambling to buy tech companies to fill holes in their businesses.
"The biggest and most important driver is the rapid technological change that's ripping through just about every industry," Mahmoodzadegan recently told Business Insider. "That's causing companies and corporate boards and CEOs to really look at their asset mix and competitive positioning in light of those changes."