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Evercore Partners Forms Strategic Alliance with South Koreaa?s Woori Investment & Securities

^{Published on 2011-06-02 17:40:47 - Market Wire}
 

NEW YORK--([ BUSINESS WIRE ])--Evercore Partners Inc. (NYSE: EVR) announced today that they have established an alliance with Woori Investment & Securities, the leading South Korean-based investment bank. Under the terms of the agreement, Evercore Partners and Woori Investment & Securities will work together on strategic cross-border transactions involving Korean enterprises with a focus on M&A, corporate finance, corporate restructurings and similar strategic services across the regions.

"We are excited about this opportunity to expand our global reach"

Woori, the largest bank in Korea is the leading domestic underwriter for both equity and debt securities and the top domestic firm in the Korean M&A league tables¹ over the past 2 years. Woori has advised many of the largest Korean companies, including Hyundai Engineering and Construction, Hanmi Bank and Daewoo Electronics, among others.

aWe are very pleased to be working together with Woori, a top tier partner with deep client relationships across the Asia Pacific region,a said Ralph Schlosstein, Evercorea™s President and Chief Executive Officer. aThis alliance is another step in the globalization of our firm.a

aWe are excited about this opportunity to expand our global reach,a said Sung-Ho Hwang, President & CEO of Woori Investment & Securities. aWith the continued growth of cross-border activity involving Pan Asian companies, this alliance with Evercore, creates a great opportunity to better serve our clients around the world.a

About Evercore Partners

Evercore Partners is a leading independent investment banking advisory 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 the conflicts created by proprietary activities. 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, Hong Kong and Rio de Janeiro and So Paulo, Brazil. More information about Evercore can be found on the Companya™s website at [ www.evercore.com ].

About Woori Investment & Securities

Woori Investment & Securities Co., Ltd. provides a range of financial services in South Korea and internationally. It offers various investment banking services, including equity and debt underwriting; advisory services for mergers and acquisitions, project financing, and private equity funds; and financial solutions for corporate clients. The company also engages in trading stocks, bonds, derivatives, futures, and options; client book trading; and maintaining portfolios, as well as international brokerage operations. In addition, it provides wealth management services consisting of brokerage and asset management consulting services through the development and sale of various financial products, such as beneficiary certificates, bond investments, mutual funds, equity-linked securities, CP, RP, and WRAP accounts. Further, the company offers merchant banking services, including short-term lending, such as commercial papers; deposit business comprising notes issued and cash management accounts; and structured deals for non-performing loans, project financing, and asset-backed loans. It operates through 116 branches, 8 overseas subsidiaries, and 5 overseas offices in London, New York, Hong Kong, Singapore, Beijing, Shanghai, Indonesia, Vietnam, and Malaysia. The company was formerly known as LG Investment and Securities Co., Ltd. and changed its name to Woori Investment & Securities Co., Ltd. in March 2005, as result of its merger with Woori Securities Co., Ltd. Woori Investment & Securities Co., Ltd. was founded in 1969 and is headquartered in Seoul, South Korea. More information on Woori Investment & Securities can be found on the Companya™s website at [ www.wooriwm.com ].

¹ Source: Bloomberg