Following establishment of PCA, it will increase various services being offered by Evercore, including capital raising advisory services and the strategic and merger advisory services.
Evercore president and CEO Ralph Schlosstein said, "The PCA business fits perfectly into the Evercore model of providing independent advisory services to our clients based on our ideas, our intellectual capital and our relationships."
The company has appointed Nigel Dawn and Nicolas Lanel to manage the newly formed division, wherein Dawn will be responsible for managing PCA globally, while Lanel will spearhead the European business.
Prior to accepting the current role, Dawn was serving as a managing director and global co-head of the private funds group at Swiss financial services group UBS.
Most recently, Lanel was working with UBS as a managing director and global co-head of secondary advisory, where he managed the development of the business in Europe.
It is believed that the PCA business will be rolled out in the second half of 2013, in which Evercore will own majority stake, while Dawn and Lanel will get minority shareholding.
Evercore provides services to customers globally with offices in New York, Boston, Chicago, Minneapolis, Houston, Los Angeles, San Francisco, Washington DC, Toronto, London, Aberdeen, Scotland, Mexico City and Monterrey, Mexico, Hong Kong and Rio de Janeiro and São Paulo, Brazil.
