Investment bank Moelis has placed one of its top employees, Jonathan Kaye, on leave as it investigates a video on social media that appeared to show him punching a person during a New York City Pride event. The incident occurred at a Brooklyn Pride event over the weekend. In the video, Kaye can be seen hitting a person in the face at a street corner and then walking away. The altercation reportedly occurred after four individuals with a Palestinian flag threw liquids on Kaye, who is Jewish, in response to him telling them that they were “on the wrong side”. Kaye fell to the ground and injured his knee during the scuffle.
Moelis stated that they take the matter very seriously and that Kaye is on leave while they continue to conduct their investigation. The New York Police Department is also looking into the incident, although no official complaint has been filed as of Monday morning. The video is only 10 seconds long and does not show any build-up to the altercation, but the back of Kaye’s jacket appears visibly wet, indicating that some back-and-forth may have occurred before filming began. Kaye heads the global business services franchise at Moelis and has worked in the investment banking industry for two decades, according to the bank’s website.
Founded by Ken Moelis, the investment bank has become a recognized global leader under Kaye’s leadership, advising on over 100 transactions across the sector. Moelis is listed in New York and has a market capitalization of $4 billion, making it one of the boutiques that has won market share from larger rivals in recent years. Stay informed on this developing story by signing up for free updates from Investment Banking myFT Digest, delivered directly to your inbox.
The altercation involving Jonathan Kaye is a serious matter that has sparked an investigation by Moelis and the New York Police Department. Kaye, a managing director at the Wall Street bank, is on leave as the investigation continues. The incident, which took place at a Brooklyn Pride event, was captured in a short video posted on social media. The video shows Kaye hitting a person in the face at a street corner before walking away. According to reports, the altercation occurred after individuals with a Palestinian flag threw liquids on Kaye in response to him telling them they were “on the wrong side”.
The back-and-forth between Kaye and the individuals with the Palestinian flag led to a physical altercation in which Kaye fell to the ground and injured his knee. The video, which is only 10 seconds long, does not show what led up to the altercation, but the wet back of Kaye’s jacket suggests that there was some interaction before the recording began. Moelis has taken the incident seriously and is conducting its own investigation, while the New York Police Department is also looking into the matter. As of Monday morning, no official complaint had been filed with the NYPD.
Jonathan Kaye heads the global business services franchise at Moelis and has been in the investment banking industry for 20 years. Under his leadership, the franchise has advised on over 100 transactions across the sector, making it a recognized global leader in the industry. Founded by Ken Moelis, the investment bank is listed in New York and has a market capitalization of $4 billion. The bank has gained market share from larger rivals in recent years, establishing itself as a formidable player in the industry.
To stay updated on this developing story, sign up for free updates from Investment Banking myFT Digest, which will be delivered directly to your inbox. As the investigation into the altercation involving Jonathan Kaye continues, it is important to remain informed on the latest developments. The incident has raised questions about workplace behavior and appropriate conduct, highlighting the importance of maintaining professionalism and respectful interactions in all situations. Stay informed with free updates to ensure you have the latest information on this ongoing investigation.
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