Investment bank Moelis & Co. has formed a clean technology group and has also appointed Arash Nazhad as a managing director in Houston to co-lead the new group.

The firm’s focus on energy transition and sustainability looks to expand Moelis’ efforts across the sector. Arash will co-lead the group alongside current Moelis Managing Director Rick Polhemus. They will partner with and draw on the firm’s experience in energy, power and infrastructure, chemicals, metals & mining, technology, and services as well as advisory capabilities in M&A, capital markets, capital structure, and private funds.

Nazhad joins from Citi where he provided strategic advice and capital markets services to companies across clean tech, energy, metals, technology, industrials, power, and the sustainability landscape. Prior to Citi, Arash spent nearly a decade at the Norwegian international energy company Equinor, in various operational and leadership roles and began his career working on Clean Development Mechanism projects across East Asia.