Evercore sets up London debt team

New York-headquartered boutique invesmtent Evercore is setting up a dedicated European debt advisory business in London, according to a statement.

Swag Ganguly will lead the new team and join Evercore in October as senior managing director from Rothschild, where he spent 14 years in its London office, and most recently was head of structured finance in its debt advisory business.

Ganguly will be supported by Mark Craig who also joins Evercore in October as managing director from Lloyds Bank, where most recently he was head of sponsor coverage. Prior to that he was a managing director and head of large deal origination at the bank’s leveraged finance unit.

Ganguly and Craig will work closely with Evercore’s already established restructuring team in London and debt advisory team in the US, which has more than 30 professionals split between its London and New York offices.

The new business will expand Evercore’s services to new and existing clients in Europe and form a core part of its offering in conjunction with strategic and mergers and acquisitions advice, the firm said.

Ralph Schlosstein, president and chief executive of Evercore, commented: “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.”

Evercore Europe has 115 investment professionals with offices in London, Madrid and Aberdeen.

Andrew Sibbald, chief executive of European investment banking at Evercore, said: “Capital advisory business in its various forms has been an important source of growth for Evercore in Europe over recent years. 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.”