Evercore to Establish a European Debt Advisory Business
Evercore announced that it is expanding its investment banking capabilities in London through the formation of a new European dedicated debt advisory business. The business will be led by Swag Ganguly who joins the firm as a senior managing director from Rothschild in London; he will be supported by Mark Craig who joins as a managing director from Lloyds Bank in London.
Ganguly most recently was a managing director and head of Structured Finance in Rothschild’s debt advisory business where he has worked since 2000. Ganguly has advised corporates, private equity, infrastructure funds and governments on over $100 billion of financings in his 15 years in the industry.
Craig was most recently head of Sponsor Coverage for Lloyds Bank. Prior to that, he was a managing director and head of Large Deal Origination in the bank’s leveraged finance unit where he led the team originating and executing some of the largest leveraged facilities that Lloyds has committed to. He will join Evercore in October.
This new business expands the services that Evercore can provide to existing and new clients in Europe and will form a core part of its offering in conjunction with strategic and mergers and acquisitions advice.
“The addition of a dedicated debt advisory capability in London is an important and natural extension of our investment banking advisory business globally,” said Ralph Schlosstein, president and chief executive officer 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. We are delighted to welcome such highly experienced individuals in Swag and Mark to build this business for us in London.”
“Capital advisory business in its various forms has been an important source of growth for Evercore in Europe over recent years,” said Andrew Sibbald, chief executive of European Investment Banking at Evercore. “With the arrival of Swag and Mark, we will be able to serve our clients more effectively with a dedicated debt advisory capability to complement our existing restructuring, public and private equity advisory activities.”