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Evercore (NYSE:EVR) announced today that it is expanding its investment banking offering in London through the formation of a new dedicated European equity capital markets advisory capability. The ECM Advisory team will be led by Jim Renwick who will join the Firm in February as a Senior Managing Director in its London office. The team will work with Evercore's industry sector and M&A advisory teams to provide independent strategic and transactional advice to existing and new clients in Europe on the full range of equity advisory assignments, including IPOs, follow-on and equity-linked offerings, rights issues and equity private placements. They will collaborate closely with Evercore's US Capital Markets Advisory team in relation to cross-border situations.
Mr. Renwick was most recently Chairman of Corporate Broking and UK ECM at Barclays. He joined Barclays in 2009 to help spearhead their UK Corporate Broking and ECM build out after Barclays acquired Lehman in the US. Prior to 2009, Mr Renwick was a Managing Director in ECM at UBS, having joined the firm in 1990. He is one of the most experienced ECM bankers in London and for over 25 years has been involved in a range of equity issues including IPOs, acquisition financing, M&A and restructurings.
Ralph Schlosstein, Evercore's President and Chief Executive Officer, commented, "The addition of a dedicated ECM advisory capability in London is an important development for our strongly growing European investment banking business. We are delighted to welcome Jim to lead this capability for us in London. His deep market knowledge and long experience of advising on large and complex equity offerings will further enhance our ability to offer our clients the high quality, independent advice for which Evercore is known."
Andrew Sibbald, Chief Executive of European Investment Banking at Evercore, said, "Over recent years, we have advised many clients on IPOs and other equity raising assignments, notably in the financial services sector. The addition of a dedicated ECM Advisory team will provide further impetus and focus for this important service across our full range of industry sectors. Jim is the ideal person to lead this initiative for us and we are delighted he is joining us at Evercore."
Jim Renwick said, "Evercore is a leading firm, known for its independent and differentiated advice. One of Evercore's core strengths is advising Boards and management teams relating to M&A and shareholder perspectives. Through the new Europe-focused ECM advisory team, I look forward to helping drive that effort forward."
Mr. Renwick received a Bachelor of Economics from the Australian National University in 1984 and is a Fellow of the Institute of Chartered Accountants in Australia.
