Robert Gillespie has joined Evercore Partners as a London-based senior managing director in the firm’s advisory business. He is the former vice chairman of UBS Investment Bank.
Evercore Partners Inc. (NYSE: EVR), a leading US-listed investment banking boutique and investment firm, announced today that Robert Gillespie has joined the firm’s Advisory business as a Senior Managing Director, based in Evercore’s London office.
Previously, Robert was Vice-Chairman of UBS Investment Bank and a member of the Group Managing Board. Over his 27 year career with the firm, he advised some of the largest corporate clients, including Vodafone, Prudential Corporation and Sainsbury, and held senior management positions during many of the transitions that Warburg, SBC Warburg and UBS Investment Bank went through over this time. He was Joint Global Head of Investment Banking from 1999 to 2005. Under his leadership, UBS Investment Bank developed its presence in the US and moved from being a marginal competitor outside of the UK, Switzerland and Australia, to being ranked fifth globally by fees.
Robert will focus on the advisory business in Europe, adding to the market-leading strategic advice the firm provides to its clients.
“I am delighted to welcome Robert to Evercore”, said Bernard Taylor, Chief Executive of Evercore Partners Limited. “Robert’s extensive experience and relationships in finance and business will bring significant value to Evercore and its clients. Robert’s appointment is another illustration of Evercore’s investment in senior relationships and its objective of providing quality, independent advice to its clients.”
Robert Gillespie said, “In the current environment, clients increasingly look for high quality, independent advice, and this is something that Evercore is renowned for. There are significant opportunities for a firm such as Evercore in the current market, and I look forward to working with the team to drive the business forward.”
Robert Gillespie was Vice-Chairman of UBS Investment Bank and a member of the Group Managing Board until September 2008. Over his career he has held senior management positions during many of the transitions that Warburg, SBC Warburg and UBS Investment Bank went through over this time.
Robert joined the corporate finance department of S G Warburg & Co. in 1981 and become Director in 1987. He worked in London and New York over the period, specialising in M&A and working on numerous public and private transactions including BAT’s bid defence against Hoylake, the largest hostile takeover bid ever made at the time. After the acquisition of Warburg by Swiss Bank in 1995, he became head of the UK practice, heading up the corporate finance and corporate broking functions and leading the business through a period of major restructuring and recovery. In 1996, he joined the Global Investment Banking Department Management Committee, becoming Head of European Investment Banking following the merger of SBC and UBS in 1997.
In 1999, Robert was appointed Joint Global Head of Investment Banking for UBS and joined the Investment Bank’s Management Committee and Group Managing Board, responsible for all aspects of the business’ performance. In addition to his extensive management responsibilities he also advised on some of the most high profile transactions of the period, including Vodafone’s acquisition of Mannesmann. At the end of 2005, he stepped down from Head of Investment Banking to become Vice Chairman of the firm.
Robert is Chairman of the Board of Somerset House Trust, a Member of the Council of Durham University, a Member of the Stop Organised Abuse Board of the NSPCC and a Vice President of Save the Children.
About Evercore Partners
Evercore Partners is a leading investment banking boutique and investment firm. Evercore’s Advisory business counsels its clients on mergers, acquisitions, divestitures, restructurings and other strategic transactions. Evercore’s Investment Management business comprises private equity investing, institutional asset management and wealth management. Evercore serves a diverse set of clients around the world from its offices in New York, San Francisco, London, Mexico City and Monterrey, Mexico.
Evercore Europe, based in London, was established in 2006 following Evercore’s acquisition of Braveheart Financial Services Limited. It has advised on some of the most complex European M&A transactions over the past two years, including Smiths Group Plc’s US$5.1 billion sale of its Aerospace division to GE and the joint venture between BAE Systems and VT Group covering their shipbuilding operations.
Evercore acquired Pan-Asset Capital Management Limited in July 2008, establishing Evercore Pan-Asset Capital Management Limited, which uses an innovative investment management process, concentrating on strategic asset allocation and using low cost, index tracking Exchange Traded Funds as its portfolio building blocks.
More information about Evercore can be found on the Company’s Web site at www.evercore.com.