2 Feb, 2022

Evercore executives identify sectors of investment for 2022 and beyond

Evercore Inc. executives identified numerous sectors that the company plans to invest in going forward, including fintech, biotech and clean tech.

"We continue to invest in areas where we see white space … sectors like fintech, biotech, clean tech, there are definitely large white spaces in those sectors where we can really grow," co-Chairman and co-CEO John Weinberg said during the company's Feb. 2 earnings call.

Weinberg pointed to the recent hires of Jonathan Kaufman and Ted Michaels to boost the company's clean tech coverage, saying, "We have real opportunity as we build out those coverages to really use all of our product set in those sectors."

Investment in multinationals, Weinberg said, is another planned goal for the company going forward. "We are investing in our relationships with multinationals. We have an effort to really increase our coverage for some of those multinationals, and we are doubling down in terms of investing in that client franchise," he said.

Evercore also plans to further its investment throughout Europe.

"We think there is a lot of opportunity in Europe, and we are looking closely at those opportunities, whether it be in places like ... France or Germany, but we really feel like there's great white space there," Weinberg added.

He doubled down on that stance later in the call, saying Evercore's European business has "real momentum" and seems to be a "real growth area for us."