Evercore may double staff in region where other firms scale back

Sunset in Tokyo, Japan

Evercore Partners, the merger-advisory firm founded by Roger Altman, may almost double its number of employees in Southeast Asia as other investment banks scale back in the region.

Bloomberg News reports that the firm could increase headcount to as many as 20 people in Singapore by the end of the year, from 11 currently, Chief Executive Officer Ralph Schlosstein said in an interview Friday in Singapore.

It’s working on about 10 mergers and acquisitions and fundraising deals in the region, spanning the consumer to infrastructure sectors, said Schlosstein, who is in the city-state for the firm’s official office opening.

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Evercore May Double Southeast Asia Employees as Rivals Cut Back

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