Evercore Partners Inc. (NYSE:EVR) Q3 2017 Earnings Conference Call Transcript

Oct 26, 2017 • 08:00 am ET


Evercore Partners Inc. (NYSE:EVR) Q3 2017 Earnings Conference Call Transcript


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Ralph Schlosstein

client activity is encouraging. Although as always, the timing of important deal announcements and closings is difficult to predict. We are achieving significant milestones as we steadily grow market share, increase productivity, and expand our team of Advisory SMDs and equity research analysts. While we have made good progress this year so far, significant opportunity still remains for us to grow our business. As we approach 2018, we will persevere in our pursuit of exceptional partners to lead our advisory services in sectors that we do not adequately cover today. And we see opportunities to broaden our coverage in Europe and other regions outside of the United States, further building and leveraging our global capabilities.

Our capital advisory teams are contributing strongly in 2017 and we see opportunity for continued investment and growth in all of these services and capabilities, equities, debt advisory, and alternatives capital raising. We certainly expect that the headwinds in the equities business will continue into 2018 as MiFID II comes into effect. Here as is the case in all of our businesses, we stay focused on delivering exceptional service to our clients confident that a team of A plus players can profitably grow market share in what will almost inevitably be a shrinking revenue pool. We are excited about the opportunities in all of our businesses and believe that our focus on intellectual capital and providing independent advice will continue to both resonate and be highly valued by our clients.

I will now open the line to questions. Thank you.