Sign in

    Evercore Inc (EVR)

    You might also like

    Evercore Inc. (EVR) is a leading global independent investment banking advisory firm. The company provides strategic advice and financial services to clients worldwide, focusing on mergers, acquisitions, divestitures, capital raising, and other corporate finance matters. Evercore also offers wealth management services and has interests in private equity funds.

    1. Investment Banking & Equities - Provides advisory services for mergers, acquisitions, divestitures, capital raising, leveraged buyouts, restructurings, and other corporate finance matters. Includes underwriting, private placement activities, and commissions from research, sales, and trading activities.

      • Advisory Services - Offers strategic advice on mergers, acquisitions, divestitures, and other corporate finance matters.
      • Underwriting and Placement - Earns fees from underwriting and private placement activities.
      • Equities Business - Includes commissions from research, sales, and trading activities.
    2. Investment Management - Includes wealth management services for high-net-worth and institutional investors and interests in private equity funds. Revenue sources include management fees, fiduciary fees, and gains or losses on investments.

    NamePositionExternal RolesShort Bio

    John S. Weinberg

    ExecutiveBoard

    Chairman of the Board and CEO

    Board Member of Ford Motor Company, New York-Presbyterian Hospital, and Cystic Fibrosis Foundation

    John S. Weinberg joined Evercore in November 2016 and has held various leadership roles, including Co-CEO. He has extensive experience from his prior career at Goldman Sachs.

    View Report →

    Jason Klurfeld

    Executive

    General Counsel and Corporate Secretary

    None mentioned

    Jason Klurfeld joined Evercore in June 2011. He previously worked as a corporate and transactional attorney at Sullivan & Cromwell LLP and Skadden Arps, Slate, Meagher & Flom LLP.

    Tim LaLonde

    Executive

    Chief Financial Officer

    None mentioned

    Tim LaLonde joined Evercore in 2001 and became CFO in March 2023. He has over 33 years of experience in investment banking.

    Ellen V. Futter

    Board

    Director

    Interim President of the Markle Foundation, Senior Advisor to the Boston Consulting Group, Trustee of Consolidated Edison Company of New York, Inc., Trustee of the Brookings Institution, Governing Trustee at Memorial Sloan-Kettering Cancer Center

    Ellen V. Futter joined the Evercore Board in 2018. She has served as President of the American Museum of Natural History and Barnard College and has extensive experience in management and legal roles.

    Gail B. Harris

    Board

    Director

    Chair of the Dean\u2019s Advisory Council of Stanford Law School, Member of the Advisory Council of the Freeman Spogli Institute for International Studies at Stanford University, Member of the Council on Foreign Relations

    Gail B. Harris has been a Director at Evercore since 2006. She has a legal background and has served as a partner at Simpson Thacher & Bartlett LLP.

    Pamela G. Carlton

    Board

    Director

    Chair of the Board at Columbia Threadneedle Investments, Chair of the Nominating and Corporate Governance Committee at Apollo Commercial Real Estate Finance, Inc., Member of the Audit Committee at DR Bank

    Pamela G. Carlton joined the Evercore Board in October 2019. She has a background in investment banking and is the President of Springboard \u2013 Partners in Cross Cultural Leadership, LLC.

    Sarah K. Williamson

    Board

    Director

    CEO of FCLTGlobal

    Sarah K. Williamson has been a Director at Evercore since 2018. She is the CEO of FCLTGlobal and has a background in investment management from her time at Wellington Management Company LLP.

    Willard J. Overlock Jr.

    Board

    Director

    Trustee Emeritus of Rockefeller University, Special Partner at Cue Ball Capital

    Willard J. Overlock Jr. has been a Director at Evercore since 2014. He retired from investment banking in 1996 and has held various notable positions throughout his career.

    William J. Wheeler

    Board

    Director

    Vice Chairman of Athene Holding Ltd., Board Member of Venerable Holdings, Inc., Board Member of the American Council of Life Insurers, Trustee at Wabash College

    William J. Wheeler has been a Director at Evercore since 2015. He has extensive experience in the insurance industry, having served as President of Athene and in various roles at MetLife Inc.

    1. Given the significant investment in new hires, with 60 new senior bankers added over the past three years and 30 currently ramping, how do you plan to balance continued recruitment with margin improvement goals, particularly in light of the competitive environment for talent?
    2. With your adjusted compensation ratio improving by 190 basis points in 2024, do you expect to achieve similar levels of improvement in 2025, or are we likely to see a slowdown due to ongoing investments in talent and potential pressure from the competitive hiring environment?
    3. Considering the increasing competition in the private capital advisory and private funds group spaces, especially with larger banks entering these markets, how does Evercore plan to defend its market share and maintain its competitive advantage in these areas?
    4. Your restructuring business had an exceptional year, driven by liability management among sponsor clients; how sustainable do you believe this level of activity is, and what are your expectations for the restructuring business in 2025?
    5. Despite adding a significant number of new Senior Managing Directors, your productivity per SMD is not far off from your long-term average; with a higher percentage of ramping SMDs than at any point in your recent history, how confident are you in achieving the target productivity level of around $20 million per SMD in the near to intermediate term?
    Program DetailsProgram 1
    Approval DateFebruary 22, 2022
    End Date/DurationNo specified expiration date
    Total additional amount$1.4 billion or 10.0 million Class A Shares and/or LP Units
    Remaining authorization amount$4,356,629 shares or units as of September 30, 2024
    DetailsThe program allows repurchase of Class A Shares and/or LP Units in open market or privately-negotiated transactions. The timing and amount depend on legal, price, and market conditions. The program can be suspended or discontinued at any time.

    Competitors mentioned in the company's latest 10K filing.

    CompanyDescription

    Categorized as a large universal bank and bulge bracket firm, competing in investment banking services globally and regionally.

    Identified as a large universal bank and bulge bracket firm, competing in investment banking services globally and regionally.

    Listed as a large universal bank and bulge bracket firm, competing in investment banking services globally and regionally.

    Recognized as a large universal bank and bulge bracket firm, competing in investment banking services globally and regionally.

    Mentioned as a large universal bank and bulge bracket firm, competing in investment banking services globally and regionally.

    Described as a large universal bank and bulge bracket firm, competing in investment banking services globally and regionally.

    Classified as a large universal bank and bulge bracket firm, competing in investment banking services globally and regionally.

    Identified as a large universal bank and bulge bracket firm, competing in investment banking services globally and regionally.

    Centerview

    Listed as an independent advisory firm competing in investment banking services.

    Houlihan Lokey

    Recognized as an independent advisory firm competing in investment banking services.

    Mentioned as an independent advisory firm competing in investment banking services.

    Described as an independent advisory firm competing in investment banking services.

    Perella Weinberg

    Classified as an independent advisory firm competing in investment banking services.

    Identified as an independent advisory firm competing in investment banking services.

    Rothschild

    Listed as an independent advisory firm competing in investment banking services.

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    RECA Business (Real Estate Capital Advisory)

    2022

    Evercore's acquisition of the RECA business was valued at $54.3 million, structured with a mix of cash payments ($6.0 million in 2021 and $27.7 million in early 2022) and a contingent cash consideration tied to revenue performance targets, with planned additional payments in early 2023 and 2024, and resulted in adjustments to noncontrolling interest and additional paid-in-capital.

    No recent press releases or 8-K filings found for EVR.