A former managing director at Evercore who has spent nearly 15 years with the boutique bank across two stints has left again for a similar role at SunTrust Robinson Humphrey. Slava Brin started in New York as an MD earlier this month.
Brin has split his career working in M&A, debt and equity financing and private equity covering the TMT sector (technology, telecommunications and media). After cutting his teeth as an analyst at J.P. Morgan, Brin spent more than four years as a vice president at Evercore in the early 2000s. He worked for nearly three years at private equity firm American Capital before returning to Evercore in 2010.
Sources told eFC that SunTrust recently let go several equity research analysts and is exiting a few different verticals, including diversified industrials and oilfield services. Ken Sill, an MD within SunTrust’s oilfield services equity research group, left the firm earlier this month, according to Finra records, though the nature of his departure is unclear. Sill didn’t respond to a request for comment. The Atlanta-based bank didn’t respond to multiple requests for comment on any potential restructuring plans.
Brin departed Evercore following a fairly difficult first quarter for the boutique firm when net profits declined by 30%. Still, Evercore took care of its investment bankers as it usually does. Average pay per head during Q1 still remained a healthy $143k – on pace to hit almost $600k for the year even if recent struggles continue.
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