Investment firm Duff & Phelps Corp. said Tuesday that it has named Jacob Silverman as president of the company. The appointment is effective immediately. Previously, Silverman was the company’s CFO and global investment banking leader. Robert Bartell has been named as the company’s new global investment banking leader, succeeding Silverman in the role. Earlier this year, a consortium, comprised of The Carlyle Group, Stone Point Capital, Pictet & Cie and Edmund de Rothschild Group, bought Duff & Phelps for about $665.5 million.
NEW YORK–(BUSINESS WIRE)–Duff & Phelps Corporation, a leading independent financial advisory and investment banking firm, today announced that Jacob Silverman, Duff & Phelps’ Global Investment Banking leader, will assume the role of President of Duff & Phelps, effective immediately. In this capacity, Mr. Silverman will assume direct oversight for all of the Firm’s business units. Robert Bartell has been named Global Investment Banking leader, succeeding Mr. Silverman. Noah Gottdiener will continue to serve as Chairman and Chief Executive Officer and will direct overall strategy for the firm.
“Jake’s highly successful tenure at Duff & Phelps as Chief Financial Officer and Global Investment Banking leader has uniquely positioned him for this role,” Mr. Gottdiener commented. “As President, he will draw on these experiences and his own considerable expertise to ensure the Firm’s performance in both our service to clients and our pursuit of growth.”
Mr. Silverman joined Duff & Phelps in March 2004. He became head of Investment Banking in March 2011, after serving as CFO for five years. Prior to joining Duff & Phelps, he held a number of investment banking and corporate finance leadership roles. He currently serves as a member of the board of directors for iLevel Solutions, a leading provider of private equity software and reporting solutions. Mr. Silverman received his M.B.A. and B.A. from Harvard University.
Mr. Bartell joined Duff & Phelps in 1997. He previously served as a managing director in the Investment Banking group, co-head of the global Transaction Opinions group and leader for the Chicago office. He has nearly 20 years of experience in corporate finance engagements, including mergers and acquisitions advisory, fairness and solvency opinions, financial restructuring, portfolio valuation, ESOPs, management equity compensation plans and shareholder disputes. He holds an M.B.A. from The University of Chicago Booth School of Business (formerly known as the GSB) and a B.S. from the University of Illinois in Champaign-Urbana.
Concurrent with this announcement, Kleon Phili, who has most recently been serving as executive vice president and Financial Advisory Services leader, will be leaving the firm after a long and successful career with Duff & Phelps.
About Duff & Phelps
As a leading global financial advisory and investment banking firm, Duff & Phelps leverages analytical skills, market expertise and independence to help clients make sound decisions. The firm advises clients in the areas of valuation, M&A and transactions, restructuring, alternative assets, disputes and taxation – with more than 1,000 employees serving clients from offices in North America, Europe and Asia. For more information, visit www.duffandphelps.com.
Investment banking services in the United States are provided by Duff & Phelps Securities, LLC; Pagemill Partners; and GCP Securities, LLC. Member FINRA/SIPC. Transaction opinions are provided by Duff & Phelps, LLC. M&A advisory and capital raising services in the United Kingdom and Germany are provided by Duff & Phelps Securities Ltd., which is authorized and regulated by the Financial Conduct Authority.