Evercore Strengthens DACH Presence with UBS Veteran
Event summary
- Philip von Malsen-Plessen joins Evercore as Senior Managing Director in Frankfurt.
- He brings nearly 30 years of experience from UBS, most recently as Vice Chairman of Global Banking EMEA.
- Evercore aims to bolster its presence in the DACH region with this hire.
- Von Malsen-Plessen holds a master’s in business management from ESCP and is a Reserve Officer of the German Bundeswehr.
The big picture
Evercore’s hire of Philip von Malsen-Plessen underscores its strategic focus on expanding in the DACH region, a move that aligns with broader industry trends of regional specialization in investment banking. The firm’s emphasis on independent advice and senior-level client engagement positions it to compete more effectively against larger rivals like UBS, particularly in cross-border M&A and strategic advisory services.
What we're watching
- Regional Expansion
- How Evercore’s deepened DACH presence will impact its market share against competitors like UBS.
- Client Relationships
- Whether von Malsen-Plessen’s longstanding corporate and private equity relationships will drive new business for Evercore.
- Execution Risk
- The pace at which Evercore can integrate von Malsen-Plessen’s expertise into its existing global platform.