Daily News: January 30, 2015

Former BofA Merrill Exec Joins Evercore

Evercore announced that Jay Chandler has joined the firm’s Investment Banking business as a senior managing director in its Equity Capital Markets Group and will be based in Evercore’s office in New York.

Chandler was most recently head of Capital Markets for Liquidnet, one of the world’s leading equity block trading networks. Prior to Liquidnet, he spent 26 years with Merrill Lynch and Bank of America Merrill Lynch. At Merrill Lynch, Chandler spent over 20 years in its Equity Capital Markets department and served as head of Global Equity Syndicate during his last seven years in the group. Thereafter, he managed Merrill Lynch’s and subsequently Bank of America Merrill Lynch’s Americas Research Sales team.

Ralph Schlosstein, Evercore’s president and chief executive officer, said, “We are very pleased that Jay has joined our Equity Capital Markets team. We believe that, pro forma the ISI acquisition, we are in a unique position to provide independent, unconflicted advice to our clients on equity capital raising, and we expect our strong research and distribution capabilities to contribute materially to the success of our clients’ equity capital markets transactions. Jay’s addition to our ECM team will both broaden and deepen our ability to serve our clients.”

Jim Birle, head of Equity Capital Markets, said, “Jay brings a great combination of capital market skills and sales management experience to the Evercore Equity Capital Markets team. He will help us better leverage the Evercore ISI equity franchise, enhancing our ability to provide the best advice, execution, and distribution for our clients.”

Evercore is an independent investment banking advisory firm.