The promotion demonstrates Ascend’s commitment to creating a new paradigm in M&A.
TYSONS, VA (February 22, 2021) – Ascend Capital Group (“Ascend”) is pleased to announce that Douglas (“DJ”) Palmer has been promoted to Director. DJ started at Ascend in January of 2019 and is a founding partner of the firm. Throughout his tenure with Ascend, DJ has demonstrated a passion for his work, a commitment to his colleagues, and a drive to deliver successful outcomes for his clients. He will continue to focus on deal origination and execution, advising clients through the lifecycle of the M&A process.
“This promotion is an important event that reflects the role DJ has played in the success and growth of the firm,” said Eric Parekh, Managing Director at Ascend. “He has made real connections with our clients, delivering valuable insights and exhibiting a commitment to excellence every step of the way. DJ is a skilled leader, an honorable banker, and a selfless friend. His promotion puts us in a stronger position as we continue to offer clients a humanized yet sophisticated, data-driven approach to investment banking.”
DJ has over 13 years of experience in global M&A, corporate strategy, private equity, and investment banking. He has advised on over $3 billion in deal volume across software, technology, and services sectors. DJ’s deep M&A expertise is a result of having worked with a diverse set of organizations—from start-ups and family-owned businesses to large publicly traded organizations and global private equity funds. Prior to Ascend, he worked for District Capital Partners, Evergreen Advisors, PricewaterhouseCoopers, and Deloitte.
“We founded Ascend with a vision to change how M&A advisory services are delivered,” added Parekh. “DJ exemplifies our core values and people first philosophy. His promotion demonstrates our commitment to creating a new paradigm in M&A for the benefit of our people, our clients, and our business partners.”
The promotion was effective February 22, 2021.