Curious whether anyone has any insight into Evercore's US ECM team? Through a LinkedIn search, very few people pop up in this team and it's mainly senior professionals.
Spoke with an Evercore ECM person recently. They've been building out the team for the past 2-3 years and have poached a lot of ex-Goldman people (e.g. head of ECM industrials). Up until about a year ago they haven't won a ton of deals cus you can't really underwrite without a proper S&T team, which is why they're also expanding Evercore ISI at the same time. The Evercore person told me that their ECM team doesn't pitch like crazy, so the coverage teams only bring them in if they feel it's appropriate (that's probably the reason why they run a lean and top-heavy team). The capital markets business is very relationship lending based which is why you always see JPM, BofA and Citi near the top. Realistically, I don't see Evercore ever beating the top BB in the ECM business, but Evercore could definitely constantly be top 10 in league tables and ahead of banks like RBC, Nomura, BNP. Also, they're the only EB in the top 15 for ECM.
That makes sense, I appreciate you sharing that information! In that case, would you expect it to be tougher to get an internship with this group? I'm asking as since they run a very top-heavy team, I would imagine they hire very few interns. In which case, it would probably be incredibly difficult to obtain an offer. Does that sound accurate?
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Spoke with an Evercore ECM person recently. They've been building out the team for the past 2-3 years and have poached a lot of ex-Goldman people (e.g. head of ECM industrials). Up until about a year ago they haven't won a ton of deals cus you can't really underwrite without a proper S&T team, which is why they're also expanding Evercore ISI at the same time. The Evercore person told me that their ECM team doesn't pitch like crazy, so the coverage teams only bring them in if they feel it's appropriate (that's probably the reason why they run a lean and top-heavy team). The capital markets business is very relationship lending based which is why you always see JPM, BofA and Citi near the top. Realistically, I don't see Evercore ever beating the top BB in the ECM business, but Evercore could definitely constantly be top 10 in league tables and ahead of banks like RBC, Nomura, BNP. Also, they're the only EB in the top 15 for ECM.
That makes sense, I appreciate you sharing that information! In that case, would you expect it to be tougher to get an internship with this group? I'm asking as since they run a very top-heavy team, I would imagine they hire very few interns. In which case, it would probably be incredibly difficult to obtain an offer. Does that sound accurate?
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Explicabo incidunt nihil a ut sint. Perspiciatis eos omnis nesciunt et sequi quia nemo. Enim earum a molestias nihil repellendus ducimus tempora.
Necessitatibus optio qui sed. Ullam totam quas voluptatum praesentium ut. Autem aliquid similique error molestias quod. Eum quisquam enim cumque vel accusamus qui ut. Aut dolore excepturi eum quaerat omnis.
Numquam sunt molestias dolor tenetur quam eos. Quia tempora qui veritatis sunt rerum officia atque. Totam laborum facere voluptatem deserunt perferendis.
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