Evercore Inc. reports developments tied to its role as a global independent investment banking advisory firm. Its recurring updates cover results for the Investment Banking & Equities and Investment Management segments, including advisory work on mergers, acquisitions, divestitures, restructurings, shareholder advisory and capital structure matters, as well as public and private capital raising, equity research, sales and agency trading.
Company news also includes dividend actions, senior banker additions in sector groups such as healthcare, biotechnology and private capital advisory, and Evercore-hosted research forums focused on technology, media, telecommunications and private markets. Wealth management updates address planning, investment management, trust and custody services for high-net-worth families, foundations, endowments and institutional clients.
Evercore (NYSE: EVR) has appointed Benjamin Eldredge as Senior Managing Director in its Investment Banking division's Industrials Advisory practice in New York. He brings over 20 years of experience from Credit Suisse, where he led Basic Materials & Distribution. Eldredge has facilitated significant M&A and capital markets transactions, including advising Spectrum Brands and Core & Main. Evercore's Co-CEOs expressed enthusiasm about his expertise and the growth opportunities in the Industrials sector. Eldredge holds an MBA from Columbia Business School.
Evercore (NYSE: EVR) has appointed Julian Emanuel as Senior Managing Director to lead the Equity, Derivatives, and Quantitative Strategy team at Evercore ISI. Emanuel brings extensive experience, having served as Chief Equity and Derivatives Strategist at BTIG. He is joined by a seasoned team including Paul Huzarski, Michael Chu, and Barak Hurvitz. This strategic hire reflects Evercore's commitment to delivering comprehensive investment insights to clients, as noted by CEO Mike Paliotta.
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Evercore (NYSE: EVR) announced that Co-CEO Ralph L. Schlosstein will speak at the Goldman Sachs 2021 U.S. Financial Services Conference in New York on December 8, 2021, at 11:20 a.m. ET. A live audio webcast will be available on Evercore's website, with a replay accessible for 30 days post-event. As a global independent investment banking advisory firm, Evercore specializes in strategic advisory services such as mergers and acquisitions and capital raising.
Evercore (NYSE: EVR) announced the onboarding of Jonathon Kaufman and Ted Michaels as Senior Managing Directors in its Investment Banking division, focusing on the Infrastructure, Utilities, and Renewables Group. Kaufman, formerly with Credit Suisse, will lead initiatives in Utilities and Renewables, leveraging his extensive experience in M&A and capital markets. Michaels, also from Credit Suisse, has a notable track record in clean energy transactions. Evercore Co-CEOs emphasized the importance of energy transition and the strategic opportunities in renewables, highlighting Kaufman’s and Michaels’ industry expertise as a significant asset.
Evercore Inc. (NYSE: EVR) reported record Q3 2021 revenues of $823.6 million, a 105% increase from Q3 2020, with net income of $159.5 million. Year-to-date results show revenues of $2.17 billion, up 63% from 2020. Advisory fees surged 162%, while underwriting fees decreased 18%. The company declared a quarterly dividend of $0.68 per share, to be paid on December 10, 2021. With strong advisory performance and a robust hiring strategy, the firm remains optimistic about future growth. Evercore also returned $631.5 million to shareholders YTD, demonstrating confidence in financial stability.
Evercore (NYSE: EVR) announced that Ralph Schlosstein will step down as Co-Chairman and Co-CEO on February 25, 2022, transitioning to Chairman Emeritus. John S. Weinberg will assume the role of sole Chairman and CEO. Schlosstein held leadership since May 2009 and contributed significantly to the firm's growth and market position. Roger Altman, Founder, praised Schlosstein's tenure, noting record revenues during his leadership. Weinberg emphasized a commitment to excellence and growth, ensuring a bright future for Evercore.
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Evercore announces the addition of Thomas Sabatier as Vice President in its Private Capital Advisory group in London. With over seven years in the secondaries market, Mr. Sabatier aims to enhance advisory services for limited partners. He joins former colleagues from Triago to focus on sale processes amid an increasing buyer appetite for LP transactions. Evercore (NYSE: EVR) underscores its commitment to market leadership in secondary advisory services, despite notable growth in GP-led solutions.
Evercore (NYSE: EVR) is set to announce its third quarter 2021 financial results on October 27, 2021, at 6:45 a.m. Eastern Time. A related conference call will commence at 8:00 a.m., led by Co-Chairmen Ralph L. Schlosstein and John S. Weinberg, along with CFO Celeste Mellet. This one-hour call will provide insights into the firm’s financial performance and include a Q&A session. Investors can participate by phone or via a live audio webcast available on Evercore's website.