Evercore Partners Inc. (EVR) announced that it intends to expand its premier investment banking platform by establishing a U.S. cash equities business and broadening its strategic capital markets advisory services.
The Evercore cash equities business is expected to launch during the first half of 2010 following the operational buildout required to support equity sales and underwriting. The timing of the launch is subject to regulatory approvals and additional conditions.
Charles Myers has joined Evercore as a Senior Managing Director and will lead the firm's cash equities business. Jim Birle has joined Evercore as a Senior Advisor, and will lead the firm's effort to advise its clients on strategic capital markets issues.
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