J. Stuart Francis to Join Evercore as a Senior Managing Director in Its Technology Group
NEW YORK, May 6, 2014-- Evercore (EVR) announced today that J. Stuart Francis has agreed to join the Firm’s Investment Banking business as a Senior Managing Director in its Technology Group and will be based in Evercore’s office in Menlo Park, California.
Mr. Francis, who will join Evercore in August, was most recently Vice Chairman of Investment Banking and Chairman of the Global Technology Group for Barclays since 2008, when Barclays purchased the U.S. businesses of Lehman Brothers. Prior to that, he was Vice Chairman of Lehman Brothers and Chairman of the Lehman Brothers Global Technology Group since 2003. He was Head of the Global Technology Group at Lehman Brothers from 1991 to 2003 where he was a member of the Lehman Brothers Investment Banking Executive Committee and the Operating Committee. Mr. Francis’ recent transactions include advising Qualcomm on the sale of its Omnitracs division to Vista Equity Partners for $800 million and on the sale of its BWA division to Bharti for $1 billion, advising Google on the sale of its Motorola cable TV set top box business to Arris for $2.4 billion, serving as joint book runner for Facebook on its $16 billion IPO, its $4 billion equity follow-on offering and its $6.5 billion credit facility, and advising Abbott Labs on its $55 billion spin-off of AbbVie.
Roger Altman, Evercore’s Executive Chairman, said, “Since inception, Evercore’s business philosophy has been summarized in the same two words: excellence and integrity. It would be hard to find a senior banker who better epitomizes these attributes than Stu Francis, and that’s why we are so excited to have him join us. He is the ideal senior banker to lead our Silicon Valley business, where we are engaged in a long-term build-up and which is a top priority for the Firm.” Ralph Schlosstein, Evercore’s CEO, said, “Stu’s extraordinary experience, judgment, broad network of relationships and reputation for integrity will serve our technology clients well. He is an important addition to the build-out of our world-class technology effort, which in recent years has provided advisory services to clients like Dell, Samsung, Accenture, Ericsson, Nokia, Nuance, and many others.”
Stu Francis said, “It is clear that Evercore has a leading strategic advisory business and a rapidly expanding equity business. I look forward to helping deliver these critical skill sets to the global technology marketplace in a highly focused manner.” Mr. Francis has an MBA from Stanford’s Graduate School of Business and a BA from Princeton University.
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 equity 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 21 offices in North America, Europe, South America and Asia. More information about Evercore can be found on the Company’s website at www.evercore.com.
Robert B. Walsh, 212-857-3100
Chief Financial Officer, Evercore
Timothy LaLonde, 212-857-3131
Chief Operating Officer, Investment Banking
The Abernathy MacGregor Group, for Evercore
Dana Gorman, 212-371-5999
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