In January 2014, as part of the annual evaluation and promotion process, Greenhill & Co., Inc. named five new Managing Directors: James Babski (New York), Christopher Grubb (New York), Courtney McBean (San Francisco), Manjul Ramchandani (New York) and Peter Wilson (Sydney). Mr. Grubb has served as its Chief Financial Officer since 2012. Mr. Ramchandani is a member of Real Estate Capital Advisory Group. The company also announced an expansion of its management team in Australia designed to continue the development of its business there, both domestically and in cross border transactions. Roger Feletto, currently Co-Head of Greenhill Australia, will be joined in that role by both Michelle Jablko and Kevin Costantino. Ms. Jablko will join the firm shortly in Melbourne, following announcement of her recruitment late last year from UBS, where she had been a Melbourne based banker for 13 years and prior to that was an attorney with Allens Linklaters. Mr. Costantino, who has been at Greenhill nearly 9 years, first in its New York office and then in Chicago, returns to Sydney, where he spent more than a year immediately following the Firm's acquisition there. These additions give the Firm a strong leader in each of Melbourne and Sydney, in addition to a leader focused on working closely with each of them to develop cross-border opportunities. Jamie Garis, previously Co-Head of Greenhill Australia, is no longer in that role and will be leaving the firm.

The company reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. The firm's fourth quarter total revenues were $76.3 million, which compares to total revenues of $92.3 million for the fourth quarter of 2012, representing a decrease of $16.0 million, or 17%. The firm's net income allocated to common stockholders of $15.8 million and diluted earnings per share of $0.53 increased $0.7 million, or 4%, and $0.03 per share, or 6%, respectively, compared to net income allocated to common stockholders of $15.1 million and diluted earnings per share of $0.50 for the fourth quarter of 2012. Income before tax was $21.170 million compared to $28.162 million in the fourth quarter of 2012.

The firm's 2013 total revenues compare with total revenues of $285.1 million for 2012, which represents an increase of $2.1 million, or 1%. The firm's 2013 net income allocated to common stockholders compares with net income allocated to common stockholders of $42.1 million and diluted earnings per share of $1.38 for 2012, representing increases of $4.6 million, or 11%, and $0.17 per share, or 12%, respectively. Income before tax was $71.206 million compared to $70.475 million in the fourth quarter of 2012.

The Board of Directors of Greenhill & Co., Inc. has declared a dividend of $0.45 per share to be paid on March 19, 2014 to common stockholders of record on March 5, 2014.

The company expects 2014 annual effective tax rate to be in the range of 33% to 37% depending on the jurisdictions in which it generates profits.