Evercore hires new MD

Evercore has named Rodney Reid as a managing director in the firm’s private capital advisory business. Previously, Reid worked at UBS where he served as an executive director and head of Europe, the Middle East and Africa secondary advisory.

PRESS RELEASE

NEW YORK–(BUSINESS WIRE)–Evercore (NYSE:EVR) announced today that Rodney Reid has agreed to join the Firm’s Private Capital Advisory business as a Managing Director. Mr. Reid initially will be based in Evercore’s office in London, and later will relocate to New York. He will focus on advising leading institutional investors and Fund sponsors on secondary transactions.

Mr. Reid, who will join Evercore in November, was most recently an Executive Director and Head of Europe, the Middle East and Africa Secondary Advisory at UBS, based in London. Prior to that, he was a member of UBS’s Private Funds Group focused on secondary transactions based in New York. Mr. Reid has extensive secondary market experience and has led a number of notable secondary transactions in North America and Europe for clients including leading public pensions, university endowments, banks, insurance companies, hedge funds and leading private equity general partners. Before joining UBS, Mr. Reid worked at Cerberus Capital Management in New York.

“Our Private Capital Advisory Group leverages Evercore’s global network of relationships among institutional investors and fund sponsors,” said Ralph Schlosstein, President and Chief Executive Officer of Evercore. “Rodney has substantial experience advising institutions in Europe, the Middle East, Africa and the U.S. on secondary transactions, and we are extremely pleased he is joining us as a senior member of our world-class Private Capital Advisory team.”
Mr. Reid holds a BBA from the University of Georgia and an MBA from Harvard Business School.

About Evercore
Evercore is a leading independent investment banking advisory firm. Evercore’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 equity research, sales and trading execution that is free of the conflicts created by proprietary activities. Evercore’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 20 offices in North America, Europe, South America and Asia. More information about Evercore can be found on the Company’s website at www.evercore.com.

 

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