Evercore Partners Inc. (NYSE: EVR) and VTB Capital have today announced that the two firms have established a strategic cooperation agreement to work together in developing cross-border transactions between Russia and North America.
Through this alliance, Evercore Partners and VTB Capital will leverage their combined expertise, strong knowledge of global and local markets and deep corporate relationships to provide high quality, objective advice to their clients. The cooperation will allow VTB Capital and Evercore Partners to develop joint business opportunities for cross border transactions and other projects involving Russian and North American companies, funds, government agencies, individuals and assets.
Alexei Yakovitsky, Global CEO of VTB Capital, said: “This partnership further strengthens VTB Capital’s presence in North America, home of the world’s largest capital markets. Evercore has emerged as a dominant, global, independent financial advisory firm, and our agreement is designed to further explore the growing trade and business links between North America and Russia. This agreement is also an important milestone in extending VTB Capital’s business internationally.”
Riccardo Orcel, Deputy CEO of VTB Group, noted: “VTB Capital continues to build its international franchise and expand outside Russia and CIS through partnerships and through leveraging the VTB Group's network of international subsidiaries. Following our agreement with BTG Pactual, the leading Latin American investment bank, we are delighted to announce a new cooperation with a firm of Evercore’s caliber focused upon North America. This arrangement further advances our key objective of providing Russian clients with the best possible insights and advice when looking at growth opportunities in key global markets.”Ralph Schlosstein, President and CEO of Evercore Partners noted: “We are pleased to be working together with VTB Capital, the leading financial advisory firm in Russia and CIS with deep corporate relationships throughout the region. As our clients become increasingly global, it is imperative to be able to serve their needs in important markets throughout the world. This alliance is another step in the globalization of our firm and adds to the strong network of relationships Evercore has formed with leading financial services firms in other markets.”