Press release from Business Wire
Evercore Appoints Keith Magnus as Senior Managing Director to Establish an Office in Singapore
Sunday, July 21, 2013
Evercore Appoints Keith Magnus as Senior Managing Director to Establish an Office in Singapore12:00 EDT Sunday, July 21, 2013
NEW YORK (Business Wire) -- Evercore (NYSE: EVR) announced today that Keith Magnus has agreed to join the Firm's Investment Banking business as a Senior Managing Director. Mr. Magnus will establish Evercore's office in Singapore and, as Chief Executive Officer of Evercore's business there, will focus on providing strategic, merger & acquisitions and capital markets advice to companies in Singapore and throughout South East Asia.
Mr. Magnus is currently Chairman & Head of Singapore and Malaysia Investment Banking at UBS and a member of the Singapore Management Committee. He has a proven track record for almost a decade as a leader of investment banking practices at Deutsche Bank, Bank of America Merrill Lynch and UBS that have won numerous landmark deal awards, including the award for best foreign investment bank in Singapore. Mr. Magnus has advised on various public transactions aggregating in excess of S$40 billion in mergers & acquisitions and capital raisings for financial institutions and corporates spanning a wide spectrum of industries, including for GIC, Temasek, Changi Airport Group, UOB Bank, Keppel, Wilmar, YTL, Olam, Bayan Resources and certain other Temasek-linked entities. During his tenure at UBS he has originated, overseen and executed over 40 transactions, many of which have been public transactions which have recently won industry accolades.
“We are extraordinarily pleased to have a banker of Keith's caliber agree to join Evercore in a senior leadership position. Keith has deep relationships in Singapore and across the region, extensive transaction experience as well as a strong reputation for integrity and for providing insightful, objective and independent advice,” said Ralph Schlosstein, Evercore's President and Chief Executive Officer.
Mr. Schlosstein added: “We are very excited about bringing Evercore's world-class merger and capital markets advisory capabilities and our private fund raising expertise, a platform that comprises over 500 bankers, into Singapore and South East Asia, as we continue to build the most elite independent investment banking advisory firm globally. Keith's joining us is another important step in extending the global capabilities that Evercore delivers to its clients. Once established, our office in Singapore combined with our office in Hong Kong and our strategic alliances in China, Japan, India and Korea, will allow us to better serve both our Asian clients and our global clients with interests in Asia.”
Stephen CuUnjieng, a Senior Managing Director of Evercore and Chairman of Evercore Asia Limited, a Hong Kong company, said: “We are thrilled Keith will be joining Evercore. He brings a wealth of knowledge and relationships and will significantly expand our presence in South East Asia generally, and particularly in Singapore. I enthusiastically look forward to working with him once he starts at Evercore.”
About Mr. Magnus
Mr. Magnus holds double degrees comprising a Bachelor of Economics (Accountancy) and a Bachelor of Laws from Monash University, Clayton Campus, Australia. In 2011 he was appointed to the Board of the Sentosa Development Corporation, and was reappointed in 2013. He is also concurrently Chairman of the Finance & IT Committee of Sentosa Development Corporation having been a committee member since 2007. He also serves as Council Member on the NTU MBA Business Advisory Council, as Chairman of Alpha Singapore as well as a number of banking industry organizations.
Evercore 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, Minneapolis, Houston, Los Angeles, San Francisco, Washington D.C., Toronto, 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.
Robert B. Walsh
Chief Financial Officer, Evercore
Chief Operating Officer, Evercore
The Abernathy MacGregor Group, for Evercore