Scott Silverglate Joins Evercore as a Senior Managing Director in the Technology Practice in Menlo Park

Rhea-AI Summary

Evercore (NYSE: EVR) has appointed Scott Silverglate as a senior managing director in its investment banking division, focusing on the software sector. Based in Menlo Park, Silverglate brings nearly 10 years of experience from Goldman Sachs, where he led the industrial software practice. His 20 years of industry expertise includes significant roles at SVB Securities and Jefferies, concentrating on tech mergers and acquisitions. Naveen Nataraj, co-head of Evercore's U.S. Advisory, expressed enthusiasm for Silverglate's addition, citing his industry knowledge as a valuable asset. Silverglate is eager to enhance Evercore's advisory capabilities in the software domain.

Positive

• Appointment of Scott Silverglate adds expertise to Evercore's software advisory team.
• Silverglate has extensive experience in industrial software from roles at Goldman Sachs, SVB Securities, and Jefferies.
• The firm is enhancing its coverage in a prominent, fast-growing sector, potentially leading to increased client engagement.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Evercore (NYSE: EVR) announced today that Scott Silverglate has joined the firm’s investment banking business as a senior managing director focused on advising clients in the software sector. He will be based in Menlo Park.

Mr. Silverglate joins after nearly a decade at Goldman Sachs where he was a managing director leading the industrial software practice and advising clients across the corporate, private equity and venture communities. His 20 years of experience also includes leading industrial software coverage at SVB Securities and serving as a senior banker at Jefferies focused on technology mergers and acquisitions.

“We are thrilled to have Scott join the team in this fast-growing sector to add additional strength to our software, financial sponsor and industrial coverage efforts,” said Naveen Nataraj, co-head of Evercore’s U.S. Advisory business. “Scott’s deep industry knowledge and extensive transaction experience across the software and industrial ecosystems will be extremely valuable to our platform.”

Mr. Silverglate said, “Evercore has advised on some of the most high-profile situations in recent years. Their focus on providing high-quality, differentiated and independent advice is highly valued by clients. I’m excited about the opportunity to join Evercore and to partner with a highly talented team as we enhance our leadership in software.”

Mr. Silverglate earned a Bachelor of Arts in economics from Stanford University.

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 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 and delivers equity research and equity sales and agency trading execution, in addition to providing 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 North America, Europe, South America, the Middle East and Asia. For more information, please visit www.evercore.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230417005374/en/

Business Contact:

Naveen Nataraj

Co-Head of U.S. Advisory

Naveen.Nataraj@Evercore.com

Media Contact:

Jamie Easton

Head of Communications & External Affairs

Communications@Evercore.com

Investor Contact:

Katy Haber

Head of Investor Relations & ESG

InvestorRelations@Evercore.com

Source: Evercore

FAQ

Who is Scott Silverglate and what is his role at Evercore?

Scott Silverglate has joined Evercore as a senior managing director in investment banking, focusing on the software sector.

How does Scott Silverglate's experience benefit Evercore?

Silverglate's nearly 20 years in the software industry, including significant leadership roles at Goldman Sachs, SVB Securities, and Jefferies, will enhance Evercore's advisory services.

What impact does Silverglate's appointment have on Evercore's stock EVR?

While the appointment could strengthen Evercore's position in a growing market, specific impacts on stock performance will depend on future client engagements and financial performance.

What is Evercore's focus with the new appointment of Silverglate?

Evercore aims to bolster its advisory capabilities in the software sector, which is known for rapid growth and innovation.