Evercore Bolsters Aerospace & Defense Team with Baird Hires
Event summary
- Evercore hires John Song and Jean Stack as senior managing directors in aerospace & defense investment banking.
- Both join from Baird, where they led defense, space & government group and executed 100 transactions worth $50B since 2021.
- New hires will be based in Washington, D.C., expanding Evercore's presence in the region.
- Song and Stack bring extensive experience from Baird, Houlihan Lokey, and other financial institutions.
The big picture
Evercore's strategic hire of Song and Stack underscores the growing importance of the aerospace & defense sector in investment banking. The move comes as national security spending and technological advancements drive increased M&A activity in the space. With $50B in transactions under their belt, the new team members bring significant deal-making experience that could enhance Evercore's advisory capabilities and client relationships.
What we're watching
- Talent Retention
- Whether Evercore can sustain its competitive edge by retaining top talent in the aerospace & defense sector.
- Market Share
- How the new hires will impact Evercore's market share against competitors like Baird and Houlihan Lokey.
- Deal Flow
- The pace at which Evercore can leverage the new team's relationships to drive deal flow in the national security market.