Evercore, a US-based investment banking advisory firm, is planning to set up a new European debt advisory business in a bid to expand its investment banking capabilities in London.
The new European debt advisory business will be headed by Swag Ganguly who has joined the firm as a senior managing director from Rothschild in London.
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In addition, Ganguly will work along with Mark Craig, who joined as a managing director from Lloyds Bank in London.
The new business will expand Evercore services to existing and new clients in Europe as well as provide advice related to mergers and acquisitions.
The new European team will expand the firm’s restructuring and debt advisory group which has over 30 professionals in New York and London.
Ralph Schlosstein, president and CEO of Evercore. "We now have 115 investment banking professionals in Europe who have been involved in some of the largest and most complicated transactions announced in recent years. Debt advisory is becoming an integral component of mergers and acquisitions advice and also is increasingly valuable to our clients seeking debt financing."
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