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Jon Josephs Joins Evercore as Senior Managing Director in the Industrials Investment Banking Group

1. Jon Josephs joins Evercore as a senior managing director. 2. He specializes in investment banking for capital goods and diversified companies. 3. His extensive network in the industrials sector boosts Evercore's client offerings. 4. Josephs previously led capital goods at J.P. Morgan for two decades. 5. Evercore aims to leverage his expertise to enhance its industrial franchise.

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Why Bullish?

The addition of a reputable industry expert like Josephs may signal growth potential and increased client engagement in Evercore's Industrials division. Historical data from similar high-profile hires often correlate with stock price appreciation due to improved business prospects.

How important is it?

The hiring of a senior managing director can significantly enhance strategic capabilities, particularly in a competitive sector like industrials, thus making it relevant for investors monitoring EVR's future trajectory.

Why Long Term?

Building relationships and reputation in investment banking takes time; Josephs's expertise will contribute to sustained growth. Past examples include how leadership changes have positively influenced long-term stock performance for investment firms.

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NEW YORK--(BUSINESS WIRE)--Evercore (NYSE: EVR) announced today that Jon Josephs has joined the firm as a senior managing director in the Industrials Investment Banking group, focused on capital goods and large-cap diversified companies, based in New York. “We look forward to welcoming Jon to the firm,” said Jason Sobol, co-head of U.S. Investment Banking. “His expertise and deep-rooted relationships across the Industrials sector will reinforce our ongoing commitment to delivering exceptional outcomes for our clients.” Mr. Josephs said, “I am delighted and honored to join the Evercore Industrials team. Evercore’s comprehensive approach to independent strategic advisory and exceptional execution capabilities offers the ideal platform to serve clients across the constantly evolving industrials landscape. I look forward to contributing to Evercore’s strong market momentum and, alongside my partners, helping to expand its world-class industrials franchise.” Mr. Josephs joins Evercore with over two decades of experience in industrials investment banking. Most recently, he served as managing director and global head of capital goods at J.P. Morgan, where he focused on industrials coverage. Prior to J.P. Morgan, he held positions in financial operations at Internet Capital Group and as a senior auditor at Arthur Andersen. Mr. Josephs holds a B.S. in accounting from Villanova University and an MBA from Georgetown University’s McDonough School of Business. About Evercore Evercore (NYSE: EVR) is a premier global independent investment banking advisory firm. We are dedicated to helping our clients achieve superior results through trusted independent and innovative advice on matters of strategic and financial significance to boards of directors, management teams and shareholders, including mergers and acquisitions, strategic shareholder advisory, restructurings and capital structure. Evercore also assists clients in raising public and private capital, delivers equity research and equity sales and agency trading execution, and provides wealth and investment management services to high-net-worth and institutional investors. Founded in 1995, the firm is headquartered in New York and maintains offices and affiliate offices in major financial centers in the Americas, Europe, the Middle East and Asia. For more information, please visit www.evercore.com.

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