N@N

Evercore Partners Launches Institutional Equities Business

^{Published on 2010-06-02 16:40:04 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Evercore Partners Inc. (NYSE: EVR) today announced the launch of its Institutional Equities business having received required regulatory approvals and completed the build-out of its sales, trading and operational infrastructure. The business will initially focus on establishing relationships with institutional investors addressing the Financial Institutions and Technology, Media and Telecommunications industries and on supporting Evercorea™s Capital Markets business. Research coverage of targeted companies is expected to launch in the second half of the year.

"Our team is comprised of highly experienced professionals with deep client relationships and sterling reputations. We have received positive feedback from our institutional client base, and we are excited to begin to deliver value to those clients"

As previously announced, the business is majority owned by Evercore and minority owned by founding and strategic partners. Founding partners and managing directors include Charles Myers, who will manage the business, Douglas Arthur, Scott Barishaw, Angela Dalton, Douglas DePietro, Jamie Easton, Terri Fortuna, Ned Roseberry, Jonathan Schildkraut, Ken Sena, Alkesh Shah and Christopher Solmssen. Strategic partners include Jim Birle, the leader of Evercorea™s Capital Markets business, and River Birch Capital, the investment vehicle formed by Bart McDade, Alex Kirk and their partners.

aOur team is comprised of highly experienced professionals with deep client relationships and sterling reputations. We have received positive feedback from our institutional client base, and we are excited to begin to deliver value to those clients,a said Charles Myers, Head of Evercore Institutional Equities.

aWe are very pleased with the progress that we are making in our institutional equities business, particularly with the high quality partners who have joined Evercore, and the momentum that we are starting to build with prospective clients. The Institutional Equities business is an important part of our overall strategy of building businesses that serve our corporate, financial sponsor and institutional investor clients on the basis of our ideas, our intellectual capital and our relationships,a said Ralph Schlosstein, Evercorea™s President and Chief Executive Officer.

About Evercore Partners

Evercore Partners is a leading independent investment banking firm. Evercorea™s Investment Banking business advises its clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and also provides institutional investors with high quality research, sales and trading execution that is free of proprietary conflicts. Evercorea™s Investment Management business comprises wealth management, institutional asset management and private equity investing. Evercore serves a diverse set of clients around the world from its offices in New York, Boston, Houston, Los Angeles, San Francisco, Washington D.C., London, Mexico City and Monterrey, Mexico. More information about Evercore can be found on the Companya™s Web site at [ www.evercore.com ].