Investment bank Moelis & Co. has appointed Arash Nazhad as a managing director of its newly formed Clean Technology Group in Houston. Arash will partner with Moelis managing director Rick Polhemus to bring advisory and capital formation solutions to their clients.

Arash, who began his career in clean development mechanism projects across East Asia, brings nearly 20 years of investment banking experience as well as expertise in clean energy technology. He joins from Citi where he provided strategic advice and capital markets solutions to companies across clean tech, energy, metals, technology, industrials, power, and the sustainability landscape. Prior to Citi, Arash spent nearly a decade at the Equinor in various operational and leadership roles.

“The formation of Moelis’s Clean Technology Group underscores our continued dedication to supporting our clients as they navigate decarbonization across a range of industries and end markets,” Jeff Raich, Moelis' co-founder and co-president, said in a press release. “We are pleased to welcome Arash, whose expertise and complementary capabilities make him and Rick uniquely positioned to lead our efforts and expand opportunities for clients in this rapidly changing environment.”