Evercore Partners Inc., the merger-advisory firm founded by Roger Altman, hired Daniel Aronson, formerly of Lazard Ltd., as a senior managing director in the restructuring and debt-advisory group.
Aronson will be based in a Chicago office that opens in November, Evercore said in a statement Monday. He was most recently a managing director at Lazard, and has worked on restructuring more than $100 billion of debt in his career, New York-based Evercore said.
Chief Executive Officer Ralph Schlosstein has said this year has been especially strong for hiring as he added to Evercore’s private capital, merger and debt-advisory businesses. Bankers expect restructuring work to pick up in the energy industry after oil prices tumbled.
“Dan’s track record for advising on many of the largest and most complex restructuring transactions will enhance our ability to grow,” Altman said in the statement. “His stature in the Midwest corporate marketplace will enhance our standing with those companies.”
Aronson has advised both creditors and debtors and worked with clients including LyondellBasell Industries, the chemical maker that emerged from bankruptcy in 2010. He has also been involved in transactions tied to Station Casinos, Trump International and cable television-company Adelphia Communications, Evercore said. He worked at Peter J. Solomon and Ernst & Young before joining Lazard in 2000.
At Lazard, he was co-chief operating officer of the restructuring group. A spokeswoman for Bermuda-based Lazard didn’t immediately return a message seeking comment.