MA Moelis has gone shopping at a rival to put its stamp on the power, utilities and renewables deals scene.
RBC Capital Markets managing director and head of renewables and energy transition Kara Price started at Moelis on Monday as the energy unit’s lead banker. She’ll be tasked with building out a team for the Sydney investment bank and muscling in on deals.
Price has almost two decades in investment banking under her belt and was last seen leading the sale of a stake in Alinta Energy’s Victorian offshore wind project Spinifex. She joined RBC’s power and utilities practice in 2022 after a stint with Wells Fargo Securities in Houston.
RBC recently announced Lisa Zhong would take over renewables coverage for Australia.
West Australian gold miner Westgold Resources is ready to get cracking on the synergies it promised shareholders last year when it agreed to a $2.5 billion merger with Toronto-listed Karora Resources.
Street Talk understands Westgold is running a sale process for the Lakewood Mill gold processing facility near Kalgoorlie, which Karora bought in July 2022 for $80 million.
Best and worst
A cautious tone struck by the Reserve Bank’s Michele Bullock on Tuesday afternoon pushed Australian shares lower, despite the central bank’s decision to cut interest rates for the first time in five years.
