Evercore Pushes Into Japan, Hiring Mizuho Dealmaker Fukuda

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  • CEO Schlosstein expands in Japan, Australia and New Zealand
  • Mizuho, Evercore ties date back to 2006 to work on deals

Evercore Partners Inc. is pushing into Japan as Chief Executive Officer Ralph Schlosstein extends the U.S. investment bank’s international growth.

The firm hired Masuo Fukuda, who was most recently co-head of the investment banking group at Mizuho Securities, to open a Tokyo office, Evercore said in a statement Tuesday.

Evercore has been adding staff and strengthening relationships with global partners to expand work on cross-border deals. The New York-based bank said in a separate statement that it purchased a 19 percent stake in Luminis Partners to expand in Australia and New Zealand. The company also acquired Germany’s Kuna & Co. in 2015 and hired more London-based bankers that year.

“Once established, our office in Japan, combined with existing offices in Hong Kong and Singapore, as well as our strategic alliances in Australia, China, India and Korea, will allow Evercore to better serve both our Asian clients and our global clients with interests in Asia,” Schlosstein said in the statement.

Evercore has climbed 70 percent in the 12 months through Monday. That compares with the 18 percent gain of the S&P 500 Index.

Long Ties

Fukuda’s hiring builds on ties with Mizuho that go back more than a decade. The firms agreed in 2006 to work together on mergers and acquisitions. Two years later, during the financial crisis, the Japanese company took a stake in Evercore. Mizuho exited its investment in 2015 while maintaining the arrangement to jointly work on deals.

Fukuda has worked on deals in the technology industry and was previously the global head of M&A at SMBC Nikko Securities Inc., according to the statement. He also worked at Sumitomo Mitsui Financial Group Inc. and Citigroup Inc., Evercore said. Fukuda has a bachelor’s degree from Keio University and an MBA from the University of Rochester’s Simon Graduate School of Business Administration.

“The addition of Masuo reinforces our commitment to building our presence in Asia and providing world-class advice to our clients there,” Evercore founder Roger Altman said in the statement.

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