Evercore hires former Merrill Lynch exec in equity capital markets

Evercore has hired Jay Chandler as a senior managing director in its Equity Capital Markets Group. Chandler most recently worked as head of capital markets for Liquidnet, an equity block trading network. Chandler spent 26 years with Merrill Lynch and Bank of America Merrill Lynch.

Press Release

Evercore (NYSE:EVR) announced today that Jay Chandler has joined the Firm’s Investment Banking business as a Senior Managing Director in its Equity Capital Markets Group and will be based in Evercore’s office in New York.

Mr. Chandler was most recently Head of Capital Markets for Liquidnet, one of the world’s leading equity block trading networks. Prior to Liquidnet, he spent 26 years with Merrill Lynch and Bank of America Merrill Lynch. At Merrill Lynch, Mr. Chandler spent over 20 years in its Equity Capital Markets department and served as Head of Global Equity Syndicate during his last 7 years in the group. Thereafter, he managed Merrill Lynch’s and subsequently Bank of America Merrill Lynch’s Americas Research Sales team. Mr. Chandler received a BA in Economics from Princeton University.

Ralph Schlosstein, Evercore’s President and Chief Executive Officer, said, “We are very pleased that Jay has joined our Equity Capital Markets team. We believe that, pro forma the ISI acquisition, we are in a unique position to provide independent, unconflicted advice to our clients on equity capital raising, and we expect our strong research and distribution capabilities to contribute materially to the success of our clients’ equity capital markets transactions. Jay’s addition to our ECM team will both broaden and deepen our ability to serve our clients.”

Jim Birle, Head of Equity Capital Markets, said, “Jay brings a great combination of capital market skills and sales management experience to the Evercore Equity Capital Markets team. He will help us better leverage the Evercore ISI equity franchise, enhancing our ability to provide the best advice, execution, and distribution for our clients.”

Jay Chandler said, “I am very excited to join Evercore’s Equity Capital Markets team. With its recent acquisition of ISI, Evercore has combined an elite strategic advisory business with one of the leading independent research franchises on the Street. More than ever, companies need unconflicted advice and real distribution strength when raising equity capital. The combination represents a strong alternative for companies seeking to raise equity capital in today’s marketplace.”

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 28 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.