The co-founder of fixed income house Grange Securities, Glenn Willis, has partnered with Macquarie Group executive Bill Moss to establish a new advisory and funds management firm.
Moss Capital will specialise in debt and equity financing, corporate and real estate advisory, and funds management.
It was formed to work with Australian companies across all sectors to develop more efficient operating platforms, Moss Capital chairman Bill Moss said.
"With the road to economic recovery typically complex and challenging, I am anticipating that many major players in the Australian market will need to be recapitalised and restructured over the next 12 to 24 months," he said.
"Both [Willis] and I will play an active role with Moss Capital clients."
Moss Capital is working on property deals across three continents and has just completed refinancing over $200 million worth of debt for a well-known international company operating in Australia.
Willis, with 25 years of investment banking experience, co-founded Grange Securities in 1995. The firm was acquired by Lehman Brothers Holdings, once the fourth-biggest US investment bank, in 2007.
Following the acquisition, Willis was made country head and managing director of Lehman Brothers Australia (LBA) and oversaw the integration of the two businesses and the operation of Lehman Brothers' investment banking business in Australia.
In 2008 he was appointed LBA vice chairman.
Lehman Brothers Holdings filed for Chapter 11 bankruptcy amid the financial turmoil in September last year.
In the same month, Japanese financial services group Nomura Holdings agreed to acquire Lehman Brothers' franchise in the Asia-Pacific region, which included Japan and Australia.
Moss spent 23 years as a Macquarie Group senior executive and executive director, where he founded, led and grew Macquarie's Real Estate and Banking Group to a point where it managed over $25 billion worth of investments globally.
