Evercore has hired George Karalis to the firm’s investment banking business as a managing director in the debt advisory group based in London. He will be responsible for leading Evercore’s specialist market risk and hedging advisory practice, where he will advise clients on all aspects of market-related risks arising from foreign exchange, interest rates, inflation and commodity prices in connection with cross-border M&A and financing transactions. Finula Cilliers, who founded Evercore’s market risk and hedging team in 2015, will become a senior advisor and will continue to advise Evercore clients.

Karalis joins Evercore from Centrus Advisors, where he served as managing director and was responsible for offering debt and derivatives advisory services to clients in the infrastructure, corporates and financial institution sectors.

Swag Ganguly, head of Evercore’s European Debt Advisory Group, said, “George is a highly talented professional, a leading adviser in the market and a great addition to our team. Our market risk and hedging team, that Finula founded, is recognised for providing high quality strategic advice. In this highly unusual market environment, our clients need independent advice more than ever. Both Finula and I are delighted that George is joining Evercore to lead the team and better serve our clients.”