Schlosstein Says Evercore Trading Expansion Won't Go Far: Video

Dec. 22 (Bloomberg) -- Ralph Schlosstein, chief executive officer of Evercore Partners Inc., talk...  More »

Dec. 22 (Bloomberg) -- Ralph Schlosstein, chief executive officer of Evercore Partners Inc., talks with Bloomberg's Erik Schatzker about the firm's plan to start a U.S. cash-equities business. Evercore, the investment bank founded by former U.S. Deputy Treasury Secretary Roger Altman, plans equity sales and underwriting. It also plans to add research, sales and trading employees and start research coverage and new-issue origination capabilities. The firm won’t do proprietary trading. (Source: Bloomberg)  « Less