Evercore Hires Ex-Barclays's Renwick to Lead New Europe Teamby and
Renwick to be based in London, work on cross-border deals
Evercore and rivals have sought talent from European banks
Evercore Partners Inc., the merger-advisory firm founded by Roger Altman, hired Jim Renwick as a senior managing director to lead a new European equity capital markets advisory team.
Renwick previously was at Barclays Plc, where he was chairman of corporate broking and U.K. equity capital markets, New York-based Evercore said Friday in a statement. He will be based in London, and work closely with U.S. counterparts on cross-border transactions, Evercore said. The team’s duties will include initial public offerings and private placements.
Evercore Chief Executive Officer Ralph Schlosstein is extending the investment bank’s reach after saying that last year was the firm’s most active for hiring amid the record volume of global mergers and acquisitions. The company in 2014 acquired International Strategy & Investment Group to build trading and research capabilities.
“The addition of a dedicated ECM advisory capability in London is an important development for our strongly growing European investment banking business,” Schlosstein said in the statement. Renwick’s “deep market knowledge and long experience of advising on large and complex equity offerings will further enhance our ability” to offer quality advice, he said.
Evercore and rivals have attracted talent from European firms as tighter capital standards in the region spur companies including Barclays and Deutsche Bank AG to shrink. Schlosstein also added Kirtan Pansari and David Andrews last year from the German bank.
Renwick received a bachelor’s degree from Australian National University, Evercore said. Mark Astaire was named to take on Renwick’s old responsibilities at Barclays in September, a person familiar with the matter said at the time. Kerrie Cohen, a representative for London-based Barclays, didn’t immediately return a message seeking comment.