Bill helps fix financially-challenged companies, non-profits, and governmental entities.
In the 2013 American Airlines reorganization, he played a key role in preventing thousands of job cuts, preserving pensions for the three major unions, and paying creditors 100 cents on the dollar.
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 and 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 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 achieved the rank of Eagle Scout, scouting's highest attainable rank, in 1980 at the age of 15. He received a four-year Navy ROTC college scholarship and was a Midshipman in the United States Navy Reserve from 1983 until 1986. He was prevented from receiving his officer's commission as a result of the U.S. Military's then ban on LGBT service members.
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 and 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 and Boissiere, a private equity firm in San Francisco, from 1997-1998. In 1998, he joined Jefferies and Company to launch its Recapitalization and Restructuring business.
Derrough and Thane W. Carlston joined Moelis and Company to start its Recapitalization and 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