Evercore Promotes Tim LaLonde To Succeed Celeste Mellet As CFO

RTTNews | 749 days ago
Evercore Promotes Tim LaLonde To Succeed Celeste Mellet As CFO

(RTTNews) - Investment banking advisory firm Evercore Partners Inc. (EVR) announced Friday that it has named Tim LaLonde as its Chief Financial Officer, effective March 6, 2023. LaLonde joined the firm in 2001 and currently serves as Co-Head of the U.S. Advisory business and holds several other global senior leadership roles around the firm.

Over the past 22 years, LaLonde has been an integral part of Evercore's leadership, driving the firm's successful growth. He has over 33 years of experience in the investment banking industry and served clients for the first 20 years as an investment banker.

In his new role, LaLonde will oversee Evercore's financial, tax, internal audit, investor relations, information technology, and facilities functions and will also continue to serve as a member of Evercore's Management Committee.

LaLonde will succeed Celeste Mellet, who is leaving Evercore in early February to pursue a different area of finance. Evercore appointed Paul Pensa, its controller, as interim CFO, effective upon Mellet's departure, and he will continue in that role until LaLonde transitions out of his current role and his appointment becomes effective.

read more
TSX Ends Weak As Communications, Tech Stocks Decline

TSX Ends Weak As Communications, Tech Stocks Decline

The Canadian market closed weak on Friday, weighed down by losses in communications, healthcare and technology sectors. Besides reacting to earnings updates, investors digested Canadian jobs data, and assessed the non-farm payroll data from the U.S. Labor Department as well.
RTTNews | 8h 1min ago
Dollar Rises Against Major Counterparts

Dollar Rises Against Major Counterparts

The U.S. dollar climbed higher on Friday as the Labor Department's non-farm payroll data raised bets the Federal Reserve will hold rates unchanged at its next meeting.
RTTNews | 8h 51min ago
U.S. Dollar Jumps After Jobs Data

U.S. Dollar Jumps After Jobs Data

The U.S. dollar firmed against its most major counterparts in the New York session on Friday, as the latest jobs data showed a drop in the unemployment rate and strong wage growth.
RTTNews | 12h 9min ago
European Stocks Close Lower After Cautious Session

European Stocks Close Lower After Cautious Session

European stocks closed lower on Friday with the mood turning cautious as investors assessed the latest batch of economic data from the U.S. and Europe, and reacted to a slew of earnings updates while awaiting clarity on the Trump administration's trade policies and tariff moves.
RTTNews | 12h 27min ago
Canadian Market Modestly Lower After Jobs Data

Canadian Market Modestly Lower After Jobs Data

The Canadian market is down in negative territory on Friday after data showing a drop in the nation's unemployment rate dimmed prospects of a rate cut by the Bank of Canada in March.
RTTNews | 13h 39min ago
U.S. Consumer Sentiment Unexpectedly Slumps In February As Inflation Expectations Surge

U.S. Consumer Sentiment Unexpectedly Slumps In February As Inflation Expectations Surge

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of February, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index slumped to 67.8 in February after rising to 71.1 in January. Economists had expected the index to inch up by to 72.0.
RTTNews | 15h 29min ago