Evercore Partners has hired Paul Stefanick, an eight-year veteran of Deutsche Bank, as senior managing director.
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A small Wall Street firm that's crushing it in dealmaking made another big hire (EVR)
Evercore Partners is on a hiring spree.
Paul Stefanick, formerly of Deutsche Bank, speaks at the Milken Institute.
Stefanick, 56, will work with a small team of senior advisors to bring on new clients for Evercore’s growing business, the bank said in a statement.
“Paul’s extensive client relationships among large cap corporates, particularly in the industrials sector, will help Evercore achieve one of its most important strategic priorities,” said President and CEO Ralph Schlosstein in a release.
Stefanick’s past clients include General Motors, Carlyle Group, General Electric and IBM.
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The New York-based boutique firm has recently hired two Goldman Sachs alumni: Last year, the firm has hired John Weinberg, part of a Goldman Sachs dynasty, to be executive chairman. The firm's share price is up 60% in the past 12 months.
The firm has generated $437 million in M&A revenue so far this year, according to Dealogic, ranking ninth in the world and ahead of Stefanick's former employer Deutsche Bank. That's impressive given the firm has a little more than 80 senior managing directors.
In the US, Evercore has a 4.2% share of revenues, ranking seventh, ahead of the likes of Credit Suisse, Lazard and Jefferies.
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