Evercore Expands Industrials Investment Banking with J.P. Morgan Veteran
Event summary
- Chris Connelly joins Evercore as Senior Managing Director in Industrials Investment Banking Group on May 18, 2026.
- Connelly brings over a decade of experience from J.P. Morgan, where he was a Managing Director on the global business services team.
- Evercore aims to strengthen its business services capabilities with this hire, citing strong growth and consolidation in the sector.
- Connelly holds a B.S. in civil engineering from Bucknell University and an MBA from Carnegie Mellon University's Tepper School of Business.
The big picture
Evercore's hire of Chris Connelly underscores the firm's strategic focus on expanding its business services capabilities amid a wave of consolidation and investment activity in the industrial sector. The move comes as independent investment banks seek to differentiate themselves through specialized advisory services, particularly in sectors experiencing rapid transformation. Connelly's engineering background and extensive M&A experience could prove valuable as clients navigate increasingly complex strategic objectives.
What we're watching
- Industrial Sector Growth
- How Evercore's expanded capabilities will position it to capitalize on the continued growth and consolidation in the industrial services sector.
- Competitive Dynamics
- Whether Evercore can sustain its competitive edge against rivals like J.P. Morgan in the industrials space.
- Client Acquisition
- The pace at which Evercore can attract new corporate and private equity clients with Connelly's expertise.