Evercore To Add Coverage Of REITs To Its Institutional Equities Business

Evercore Partners Inc. (NYSE: EVR) announced today that it will add REIT coverage to its Institutional Equities business in New York, with new hires in Sales, Sales Trading and Research. Andrew Crossfield will be joining Evercore as a REIT specialist sales person; Robert Manning will be joining in sales trading; and Sheila McGrath will be joining as a senior research analyst, each with a start date in September. These professionals each have over 15 years of experience with sell-side organizations, most recently with the financial services boutique, Keefe, Bruyette & Woods.

Ralph Schlosstein, CEO and President of Evercore, commented, “We are very pleased to have recruited Robert, Sheila and Andrew to join our Institutional Equities business. Each brings deep insights into the real estate industry and a broad network of relationships which will complement and strengthen our existing Real Estate Capital Markets and M&A Advisory capabilities and further enhance our ability to profitably grow our Institutional Equities business.”

Charles Myers, Head of Institutional Equities added, “We are excited about the addition of Sheila, Robert and Andrew and welcome each of them to the Institutional Equities business. Evercore has been a leader in building a high quality, independent research and execution business serving the leading global institutional investors. The addition of REIT coverage complements our already strong Financial Institutions coverage and further differentiates us in the marketplace. These professionals represent the highest quality research content and commitment to client service that are the hallmarks of our franchise.”

Marty Cicco, Senior Managing Director responsible for real estate advisory services said, “We have known each of Robert, Andrew and Sheila for over 7 years, and I am pleased that these individuals who are very well-respected in the REIT industry and investor community will be joining Evercore.”

About Evercore Partners

Evercore Partners is a leading independent investment banking advisory firm. Evercore’s Investment Banking business advises its clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and also provides institutional investors with high quality research, sales and trading execution that is free of the conflicts created by proprietary activities; Evercore’s Investment Management business comprises wealth management, institutional asset management and private equity investing. Evercore serves a diverse set of clients around the world from its offices in New York, Boston, Chicago, Houston, Los Angeles, Minneapolis, San Francisco, Washington D.C., London, Aberdeen, Scotland, Mexico City and Monterrey, Mexico, Hong Kong and Rio de Janeiro and São Paulo, Brazil. More information about Evercore can be found on the Company’s website at www.evercore.com.

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