Evercore has torched competitors with the best returns on the Wall Street over the past 10 years. Now it’s setting its sights on Goldman Sachs and JPMorgan.
|05/13/2019||Posted by BusinessMediaguide.Com under General World News||
- Since Ralph Schlosstein joined it almost exactly 10 years ago, the independent investment bank Evercore has produced a nearly 600% total return and grown its advisory revenue to $1.74 billion from $180 million.
- No publicly traded competitor — bulge bracket or boutique — beats Evercore’s performance over the past decade.
- Part of the firm’s success is explained by what it says is a persistent and uncompromising approach to recruiting: It’ll hire only those it considers the best senior bankers, even if the courtship lasts years.
- But can an independent investment bank ever truly contend with the industry titans Goldman Sachs, JPMorgan, and Morgan read more >>>