Boutique Evercore has bolstered the number of senior investment bankers within its advisory unit by 23% over the past year as it has continued to hire despite a slowdown in deal activity.
The US-headquartered investment bank now has 134 senior managing directors within its advisory arm, it said in its second quarter results, up from 109 at the same point last year. This hiring spree comes as Evercore made $1.2bn from M&A fees during the first six months of 2022, an increase of 12%.
Revenues...
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