NEW YORK and SEOUL, South Korea, Aug. 30, 2016 /PRNewswire/ --
Evercore (NYSE: EVR), a leading independent investment banking
advisory firm headquartered in New York,
USA and NH Investment & Securities ("NH"), the leading
South Korea-based investment bank,
announced today they have extended their strategic alliance for
cross-border M&A advisory services for an additional two year
period and expanded it to operate on an exclusive basis between the
U.S. and South Korea. The advisory alliance enables Evercore
and NH to continue to capitalize on what we believe to be a
positive long term trend driving cross-border M&A activity in
Asia.
Founded in 1995, Evercore is the #1 ranked independent firm
year-to-date in US M&A and is an M&A market leader in the
TMT, Financial Services, Energy and Healthcare sectors. Evercore's
advisory revenue growth since 2010 is the highest among
all publicly traded investment banks. Evercore ISI,
Evercore's equities platform, is the #1 ranked independent research
analyst platform by Institutional Investor and #3 ranked among all
firms.
NH Investment & Securities was formed by the merger of Woori
IS and Nonghyup Securities in 2014 and is one of the largest
investment banks in Korea by total assets. NH has held a
prominent position in the Korean investment banking market for more
than 53 years and is the leading domestic underwriter for equity
securities, including initial public offerings, and the top
domestic firm in the Korean M&A league tables for over the past
6 years.
Ralph Schlosstein, Evercore's
President and Chief Executive Officer said, "We are pleased to
extend and expand our Alliance with NH, which we established in
2011. Our longstanding relationship with NH is an important
part of our global strategy and enables Evercore and NH to serve
domestic Korean clients and international clients with strategic
interests in Korea. We are pleased to be working together
with NH, a premier partner with deep client relationships in the
Korean market."
Young-Chae Jeong, Executive Vice
President and Head of Investment Banking Division commented, "We
look forward to continuing our partnership with Evercore so that we
can together provide the highest quality M&A advice and create
the opportunity to better serve our clients around the world."
About Evercore
Established in 1995, Evercore is a leading global independent
investment banking advisory firm. Evercore advises a diverse set of
investment banking clients on a wide range of transactions and
issues and provides institutional investors with high quality
equity research, sales and trading execution that is free of the
conflicts created by proprietary activities. The Firm also offers
investment management services to high net worth and institutional
investors. With 28 offices in North
America, Europe,
South America and Asia, Evercore has the scale and strength to
serve clients globally through a focused and tailored approach
designed to meet their unique needs. More information about
Evercore can be found on the Company's website at
www.evercore.com.
About NH Investment & Securities
NH Investment & Securities Co., Ltd., formerly known as
Woori Investment & Securities Co. Ltd. provides a range of
financial services in South Korea
and internationally. It offers various investment banking services,
including equity and debt underwriting; advisory services for
mergers and acquisitions, project financing, and private equity
funds; and financial solutions for corporate clients. The company
also engages in trading stocks, bonds, derivatives, futures, and
options; client book trading; and maintaining portfolios, as well
as international brokerage operations. In addition, it provides
wealth management services consisting of brokerage and asset
management consulting services through the development and sale of
various financial products, such as beneficiary certificates, bond
investments, mutual funds, equity-linked securities, CP, RP, and
WRAP accounts. Further, the company offers merchant banking
services, including short-term lending, such as commercial papers;
deposit business comprising notes issued and cash management
accounts; and structured deals for non-performing loans, project
financing, and asset-backed loans. The company is headquartered in
Seoul, South Korea and operates
through 88 branches, 6 overseas subsidiaries, and 2 overseas
offices in London, New York, Hong
Kong, Singapore,
Beijing, Shanghai, Indonesia, and Vietnam. More information on NH Investment
& Securities Co., Ltd. can be found on the Company's website at
www.nhqv.com.
Evercore Investor Contact:
Robert B. Walsh
Chief Financial Officer, Evercore
+1.212.857.3100
NH Investor Contact:
Esther Lee
Investor Relations
+82.2.768.7351
Media
Contact:
Dana
Gorman
The Abernathy MacGregor Group, for Evercore
+1.212.371.5999
Logo - http://photos.prnewswire.com/prnh/20150517/216568LOGO
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/evercore-announces-expansion-of-ma-alliance-with-south-koreas-nh-investment--securities-300320164.html
SOURCE Evercore