Evercore Partners has announced a strategic agreement with Citic Securities International and the inauguration of Citic Securities International Partners, which will focus on cross-bord
Evercore Partners has announced a strategic agreement with Citic Securities International and the inauguration of Citic Securities International Partners, which will focus on cross-border M&A advisory services and private equity business in China.
Industry veteran Donald Tang (pictured), former chairman of Bear Stearns Asia and vice chairman of Bear Stearns, will lead CSIP as chief executive officer. Through its affiliated entities and subsidiaries, CSIP will provide cross-border M&A advisory services and manage a China-focused private equity business.
"I have spent my entire career developing the relationships and expertise necessary to catalyze new growth opportunities by connecting the business and cultural interests of China with the rest of the world," says Tang. "I am so privileged to join forces through this strategic cooperation agreement with Evercore. Together we offer a unique combination of local access and expertise, global reach and world class product knowledge which form the cornerstone of our cross-border M&A and private equity offerings."
Roger Altman, chairman and chief executive officer of Evercore Partners, says: "This strategic cooperation initiative with CSI facilitates our clients’ access to the Chinese market. It also makes significant headway towards Evercore’s goal of further globalizing our business. We are especially pleased to join with such prominent and highly respected partners as Citic Securities International and Donald Tang."