William Derrough
| William "Bill" Derrough | |
|---|---|
| Born |
January 24, 1965 San Francisco, California |
| Residence | New York City |
| Nationality | United States |
| Education | University of California, Berkeley |
| Occupation |
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| Spouse(s) | Alvaro Salas |
| Parent(s) |
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William Quesada "Bill" Derrough (born January 24, 1965 in San Francisco) is an American investment banker and Co-Head of the Recapitalization and Restructuring Group at Moelis & Company, an investment banking firm founded in 2007. A member of the Democratic Party, he was elected to serve as Treasurer of the Democratic National Committee (DNC) on 25 February 2017.
Derrough was born in San Francisco, California. He is the son of Graciela Yllescas Derrough and Joseph Hoge Derrough. His mother moved to California from Guatemala in the 1950s and became a licensed home day care operator and later, a teacher’s aide in public schools in Novato, California. Derrough’s father worked for 35 years as a union carpenter in Marin County, California.
Derrough holds a Bachelor of Arts from the University of California, Berkeley.
Derrough began his investment banking career at Salomon Brothers as an analyst on the bond desk in 1989. In 1991 he joined Chanin & Company, a boutique specialty investment banking firm in Los Angeles, where he spent seven years advising financially distressed businesses. Derrough was a principal at Doyle & Boissiere, a private equity firm in San Francisco, from 1997-1998. In 1998, he joined Jefferies & Company to launch its Recapitalization & Restructuring business.
Derrough and Thane W. Carlston joined Moelis & Company to start its Recapitalization & Restructuring business in July, 2008.Among other notable transactions, Derrough was the lead banker to the Official Creditors Committee of American Airlines during its bankruptcy from 2012-2014 and was instrumental in helping drive the re-organization which involved merger with US Airways.
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