Boutique investment bank Evercore is continuing its hiring spree despite the M&A slump, taking on a former Goldman Sachs dealmaker for its European business.

The bank said in a statement that Stephen Withnell, who previously led Goldman Sachs's metals and mining investment banking team in Europe, has joined as a senior adviser. Withnell left Goldman Sachs in 2019 and has been running his own advisory business as well as taking on several executive roles since. He is also a professor in practice in finance at Durham University Business School.