Evercore (NYSE:EVR) announced today that Federico Montero has joined the Firm's Investment Banking business in London as a Managing Director. Mr. Montero will lead Evercore's European Real Estate Portfolio Solutions team. The team will focus on providing independent advice in relation to the sale of non-core loan portfolios secured on commercial real estate, along with related debt advisory opportunities. Mr. Montero, who will be joining the Firm in July, will work closely with Evercore's Financial Institutions, Restructuring and Debt Advisory Practices in London, along with its teams in Frankfurt and Madrid in relation to European real estate opportunities.
Mr. Montero was most recently a Partner at Cushman & Wakefield in London where he was Head of Loan Sales within its EMEA Corporate Finance operation, having previously worked in the Portfolio Solutions Group at KPMG. He has more than 18 years' experience leading loan portfolio and commercial real estate transactions across Europe, the Americas, Asia Pacific and the Middle East and has been involved in over 85 transactions with a combined face value in excess of €98 billion. His clients have included numerous banks, leading financial institutions and specialist real estate funds as well as several of the national asset management agencies across Europe, including NAMA in Ireland, Propertize in the Netherlands and SAREB in Spain. Mr. Montero has an MBA (Hons) from INCAE Business School and graduated from the London Business School's Advanced Corporate Finance Programme.
Andrew Sibbald, Chief Executive of European Investment Banking at Evercore, commented, "Federico has been one of the most active and successful advisers in the European real estate loan portfolio market over recent years, and has a strong network of relationships amongst the banks, asset management agencies and financial investors which are active participants in this arena. We believe that this activity is a natural extension for our independent advisory business, as we continue to build out our capabilities across a range of public and private capital advisory services. We are delighted that Federico is joining Evercore."
Federico Montero said, "Evercore is a market-leading independent investment bank which provides the perfect environment to service clients' needs. There is still over €500 billion of non-core real estate exposure across Europe which needs to be worked out over the coming years. I look forward to working with my new colleagues on portfolio transactions as well as related debt advisory opportunities."
Established in 1995, Evercore is a leading global independent investment banking advisory firm. Evercore advises a diverse set of investment banking clients on a wide range of transactions and issues and provides institutional investors with high quality equity research, sales and trading execution that is free of the conflicts created by proprietary activities. The Firm also offers investment management services to high net worth and institutional investors. With 28 offices in North America, Europe, South America and Asia, Evercore has the scale and strength to serve clients globally through a focused and tailored approach designed to meet their unique needs. More information about Evercore can be found on the Company's website at www.evercore.com.
Robert B. Walsh
Chief Financial Officer, Evercore
Chief Executive Officer, European Investment Banking, Evercore