Roger Hoit Joins Moelis & Company

Roger Hoit, formerly a Managing Director of Morgan Stanley's Global Financial Sponsors Group, has joined Moelis & Company, an independent investment bank. Mr. Hoit's responsibilities at the firm will include providing advisory services to financial sponsors. The move is part of Moelis & Company's intention to expand its financial sponsor client base. Before joining Morgan Stanley in 2000, Mr. Hoit was a managing director for SG Cowen and Gleacher & Co. Moelis & Co. has advised a number of private equity firms, including The Blackstone Group, in its $18.5 billion buyout of Hilton Hotels in late 2007.