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Tuesday, January 22, 2013

Citi's Robert-Tissot to take top UK Takeover Panel role, (NYSE: EVR)

Senior Citigroup banker Philip Robert-Tissot was named head of the UK's Takeover Panel, putting the seasoned executive in a key position to decide the outcome of acquisitions and influence policy in the area.His appointment as director general comes at a less contentious moment for the Panel than when one of his predecessors had to withdraw because of his role in advising U.S. foods group Kraft in its controversial takeover of Cadbury.Yet the high-profile post in London's financial sector could put Robert-Tissot, 51, in a sensitive position given he will be on a two-year secondment from Citi, where his colleagues could yet find themselves advising on a politically or commercially sensitive bid requiring Panel adjudication.Robert-Tissot, who made no public comment on his appointment which takes effect on April 1, succeeds Robert Gillespie, a senior M&A banker at advisory boutique Evercore Partners, who had been in the role since September 2010.

Evercore Partners Inc. is an independent investment banking advisory firm. Shares of EVR traded higher by 0.32% or $0.11/share to $34.45. In the past year, the shares have traded as low as $20.57 and as high as $34.34. On average, 232930 shares of EVR exchange hands on a given day and today's volume is recorded at 76833.