Manhattan Boutique Nabs Ex-Citi Head

Boutique investment bank Evercore Partners is looking to beef up its power business and has hired Jane Sadowsky, ex-co-head of Citigroup's North American power-focused investment banking business in New York, as a senior managing director. She is expected to staff a team of bankers but details and timing could not be learned. Officials at Evercore were not available for comment and an external spokesman declined to comment. Sadowsky could not be reached. She left Citi at the beginning of May.

New York City-based Evercore was founded in 1996 and is headed by co-founders Roger Altman and Austin Beutner.