We are excited to announce that, subject to a shareholder vote at our upcoming Annual General Meeting (AGM) on 28 May 2021, our headstock name will change from Moelis Australia Limited to MA Financial Group Limited.
Better reflecting the activities of the Group
Moelis Australia was founded in 2009 as a boutique investment banking advisory business, and as a joint venture with NYSE-listed Moelis & Company.
In FY2016, the year prior to the Initial Public Offering, 75% of revenue emanated from corporate advisory and stock broking activities.
As a result of ongoing growth and diversification of the business across a broad range of non-advisory based financial services, our Asset Management activities (which include our balance sheet capital investments) accounted for 67% of Group revenue in FY2020.
Moving forward, we expect the proportion of revenue coming from Asset Management related activities to continue to grow. Much of this revenue is recurring in nature.
The new name, MA Financial Group Limited, will better reflect the activities of the Group as a diversified financial services company, across financial disciplines and geographies.
The diversity of the business is a great strength
Under the umbrella of Asset Management, Moelis Australia manages1 approximately $5.4 billion of assets including $2.2 billion in real estate, $1.3 billion in hospitality assets, $1.1 billion in credit, and $800 million across Australian listed equities, private equity and venture capital assets.
We are one of Australia’s largest managers of capital on behalf of Chinese high net worth investors, and manage substantial capital on behalf of institutional clients headquartered in Europe, Asia and the Middle East.
Further, Moelis Australia’s Lending operations represents one of our fastest growing business segments. Our technology-driven Lending platforms focus on residential and legal disbursement lending, construction financing, and the wholesale financing of numerous third-party platform partners. Capital applied to the various Lending verticals is sourced from a combination of managed funds and balance sheet investment.
An increasingly global business
In addition to the diversity of sources of revenue, Moelis Australia is increasingly active outside of Australia. Today we have executives based in Hong Kong, Shanghai, Beijing and London, all focused on our Asset Management and Lending operations.
Therefore, reflecting the increasingly global nature of our business we are also removing the reference to “Australia” in the listed Company name.
Continued and unchanged strategic alliance with Moelis & Company
We are very proud of our genesis as a joint venture with global investment bank Moelis & Company. Accordingly, we have selected a name which reflects our heritage as Moelis Australia (MA), and our investment banking partnership with Moelis & Company which remains unchanged.
Moelis & Company’s Ken Moelis and Kate Pilcher Ciafone will remain non-executive directors on our Board of Directors and Moelis & Company retains its 19.5% shareholding.
Our key operating groups
Under the umbrella of our new Company name, MA Financial Group, our key operating divisions will continue to operate under trading names familiar to our clients:
Asset Management will continue to trade as: MA Asset Management
Corporate Advisory & Equities will trade as: MA Moelis Australia
A number of businesses associated with Moelis Australia will retain their current trading names. This includes RetPro, a shopping centre management and strategic advisory business and Redcape Hotel Group, an ASX-listed hospitality fund managed by Moelis Australia’s specialised hospitality platform.
An evolution in our name and visual identity
The new name will be accompanied by a refreshed brand and visual identity which will create a contemporary and consistent look and feel, with the flexibility to meet the future growth of the Company.
The refreshed brand includes a bold new ‘MA’ mark designed to express the strength of the Company, based on 12 years of growth and experience.
An unchanged commitment to our stakeholders
We would like to reiterate to all our stakeholders, both domestically and internationally, that although we will be operating under a new business name, we will continue to deliver the same level of quality, care and innovation in all our ventures. Continuing to grow with integrity and excellence. Committed to delivering long-term value for our people, clients, shareholders and communities.
The AGM will take place on May 28, and we will subsequently launch our new name and visual identity into market in June 2021.
Following approval of the change in name the Company will trade on the Australian Securities Exchange as MA Financial Group Limited under the ASX Code MAF.
For more information download the ASX release and shareholder Notice of Meeting.