Evercore Partners Says Dan Ward To Join Investment Banking Unit
Evercore Partners Inc. (NYSE: EVR) disclosed that Dan Ward has agreed to join its Investment Banking unit as a Senior Managing Director. According to the company, Ward will focus on its global efforts in the energy sector would will be based in New York.
The company stated that until recently, Ward was a Managing Director and Global Head of the Natural Resources Group at Deutsche Bank Securities. He carried more than 2 1/2 decades of corporate and investment banking experience focused on the energy and broader natural resources sectors. He was credited for advising several notable tactical transactions for a range of clients.
Evercore's Executive Chairman, Roger Altman, reacted by saying "Evercore is fortunate to have an extraordinarily strong energy banking franchise, and Dan Ward will strengthen it even further. He has a superb record and deep experience in the large cap multinational energy sector, and that will be very complementary to our current energy platform."
Its President and CEO, Ralph Schlosstein, also joined to comment, "We view the energy industry as an important and evolving sector of our economy and critically important to our investment banking franchise. We have been advising a number of companies in the sector on debt restructuring, as well as M&A, and expect to be significantly involved in the future recapitalization of the industry through our Equities business. Dan has a reputation as a highly regarded and trusted strategic and financial advisor to some of the industry's most prominent companies, and he will be a strong addition to our preeminent Energy investment banking practice."
For his part, Dan Ward said, "Evercore's focus on client service and on providing high-quality, differentiated and independent advice is well-known in the marketplace and highly valued by clients. The energy sector is evolving dramatically in the face of volatile commodity prices, challenged capital markets, new technologies and global political and economic events. In the face of these challenges and opportunities, there will be increasing demand for Evercore's brand of customized, detailed and unbiased advice. I have worked with many senior members of the Evercore team, both across the table on transactions or as colleagues earlier in our careers. I am proud to have the opportunity to join them as a partner."
On Monday, shares of the company traded down 1.5 percent.
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