Evercore announced today that Daniel M. Aronson has joined the Firm’s Global Investment Banking business as a Senior Managing Director in its Restructuring & Debt Advisory Group.
Aronson will be based in Evercore’s new Chicago office, which officially will open in November. He currently is splitting his time between New York and Chicago and will focus his efforts on restructuring and debt advisory services and on helping to enhance Evercore’s Midwest corporate advisory presence.
Aronson was most recently a Managing Director at Lazard and was formerly the Co-Chief Operating Officer of their Restructuring Group. Prior to joining Lazard in 2000, he was with Peter J. Solomon after having been a Partner in Ernst & Young’s Restructuring Group. With over 25 years of experience providing restructuring, debt and equity capital advisory and strategic advisory services, across many different industries, he brings a wealth of experience, expertise and a strong reputation to Evercore.
Aronson has restructured in excess of $100bn of debt, advising both debtors and creditors in some of the most high profile reorganizations and restructurings including: Adelphia Communications, AES, Calpine, Exide, General Maritime, LyondellBassell, Northwest Airlines, Overseas Shipholding Group, Parmalat, Pilgrim’s Pride, Station Casinos, Torm, Trump International and Tropicana. In addition to restructuring and debt advisory services, Mr. Aronson has extensive experience as an expert witness in valuations, financings and other matters, including advising boards of directors on mergers and acquisitions, and other strategic matters.
Roger Altman, Evercore’s Executive Chairman, said, “We are extraordinarily pleased to have a banker of Dan’s quality and experience join Evercore’s restructuring and debt advisory platform. He fits perfectly with the Evercore culture of providing fierce commitment and dedication to helping our clients accomplish their strategic and financial objectives. Dan’s track record for advising on many of the largest and most complex restructuring transactions will enhance our ability to grow our restructuring business, and his stature in the Midwest corporate marketplace will enhance our standing with those companies.”
“We are delighted that Dan has joined Evercore as he brings a broad network of relationships, extensive restructuring and debt advisory experience across a broad array of industries and geographies, and an impeccable reputation for providing insightful and independent advice,” said Ralph Schlosstein, Evercore’s Chief Executive Officer.
“Dan’s addition to our team demonstrates our continued commitment to providing our clients with truly world class restructuring and debt advisory services, and to strengthening our coverage of Midwest-based corporate clients.”
“Dan is one of the most highly regarded professionals in our business,” said David Ying, Head of Evercore’s Restructuring and Debt Advisory Group. “His exceptional credentials, strong ethics and industry relationships will complement our team of senior bankers.”
“I am thrilled to join the Evercore team and to be part of the Firm’s continuing growth” said Aronson. “Evercore’s impressive group of industry leaders and its truly independent platform will enable me to continue to provide my clients with unparalleled independent advice in both good economic times and bad.”