The business will be led by Swag Ganguly who joins the firm as a Senior Managing Director from Rothschild in London; he will be supported by Mark Craig who joins as a Managing Director from Lloyds Bank in London. This new business expands the services that Evercore can provide to existing and new clients in Europe and will form a core part of our offering in conjunction with strategic and mergers and acquisitions advice. The new team further strengthens our market-leading restructuring and debt advisory group which has over 30 professionals in New York and London. They will work closely with our already established restructuring team in London and our debt advisory team in the US.
'The addition of a dedicated debt advisory capability in London is an important and natural extension of our investment banking advisory business globally', said Ralph Schlosstein, President and Chief Executive Officer of Evercore. 'We now have 115 investment banking professionals in Europe who have been involved in some of the largest and most complicated transactions announced in recent years. Debt advisory is becoming an integral component of mergers and acquisitions advice and also is increasingly valuable to our clients seeking debt financing. We are delighted to welcome such highly experienced individuals in Swag and Mark to build this business for us in London'.
'Capital advisory business in its various forms has been an important source of growth for Evercore in Europe over recent years', said Andrew Sibbald, Chief Executive of European Investment Banking at Evercore. 'With the arrival of Swag and Mark, we will be able to serve our clients more effectively with a dedicated debt advisory capability to complement our existing restructuring, public and private equity advisory activities'.
About Swag Ganguly
Ganguly most recently was a Managing Director and Head of Structured Finance in Rothschild’s debt advisory business where he has worked since 2000. Ganguly has advised corporates, private equity, infrastructure funds and governments on over $100 billion of financings in his 15 years in the industry. Ganguly has recently advised Arqiva on a £4 billion bank, bond and private placement financing, Opengrid Europe on its €2.7 billion bank and euro-bond financing, Global Container Terminals on its $1 billion bank and debt private placement, Canary Wharf Group on credit ratings strategy and Welcome Break on its £350 million senior and mezzanine refinancing.
Ganguly has a M.A. in Economics from Cambridge University. He will join Evercore in October.