Evercore Partners Inc., the investment-banking advisory firm founded by Roger Altman, hired Lazard Ltd.’s Stephen Goldstein for its restructuring and debt group.
Goldstein, who spent a decade at Lazard, will be a senior managing director, focusing on corporate restructuring and financing, New York-based Evercore said today in a statement.
Goldstein, 42, advised on restructurings and debt-financing transactions for companies including grocer Great Atlantic & Pacific Tea Co., commercial real-estate lender iStar Financial Inc. and Charter Communications Inc., a cable-television operator, Evercore said. Advisory firms anticipate an increase in restructurings amid concern that slowing global growth and Europe’s debt crisis will diminish investor appetite for risky securities and limit options for companies seeking to refinance.
William Repko, co-founder of Evercore’s restructuring group, moved to a senior advisory role at the end of 2011. The group, headed by co-founder David Ying, hired Steve Wellington in April as a senior managing director in London from Bank of America Corp., and recruited Lloyd Sprung from Miller Buckfire & Co. last year.
Before Lazard, Goldstein worked as an investment banker at Thomas Weisel Partners Group Inc. and its predecessor firm, Montgomery Securities, and began as an attorney at Morgan, Lewis & Bockius. He received a law degree from New York University School of Law, and a bachelor of arts from Cornell University.