Evercore adds senior MD to restructuring group

The US investment banking advisory firm has hired Daniel Aronson from Lazard for its restructuring and debt advisory business, opening a Chicago office in tandem. 

Evercore has appointed Daniel Aronson as a senior managing director in its restructuring & debt advisory group within its global investment banking business. Aronson will be based in Evercore’s new Chicago office, which opens in November. He is currently splitting his time between New York and Chicago and will focus on restructuring and debt advisory services and on enhancing the firm’s Midwest presence.

Aronson was previously a managing director at Lazard and was formerly the co-chief operating officer of their restructuring group. Before joining Lazard in 2000, he worked at Peter Solomon, which followed a stint as partner in Ernst & Young’s restructuring group. Aronson has worked on more deals totalling more than $100 billion of debt, advising both debtors and creditors in high-profile reorganizations and restructurings including: Adelphia Communications, AES, Calpine, Exide, General Maritime, LyondellBassell, Northwest Airlines, Overseas Shipholding Group, Parmalat, Pilgrim’s Pride, Station Casinos, Torm, Trump International and Tropicana.

“Dan’s track record for advising on many of the largest and most complex restructuring transactions will enhance our ability to grow our restructuring business, and his stature in the Midwest corporate marketplace will enhance our standing with those companies,” Roger Altman, Evercore’s executive chairman, said in a statement.

Evercore’s investment banking business advises clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and also provides institutional investors with equity research, sales and trading execution. The firm has 28 offices in North America, Europe, South America and Asia.