Evercore names first-ever co-presidents in leadership reshuffle

· Finance · United States

Independent investment bank Evercore has appointed co-presidents for the first time in its history as part of a leadership reshuffle. Nigel Dawn and Naveen Nataraj were elevated to the roles, while John Weinberg will remain chief executive for at least three more years. The move puts in place a succession structure at one of the largest independent advisory firms, which competes with bulge-bracket banks for merger and restructuring mandates. Evercore's co-president arrangement mirrors a broader trend among advisory firms and Wall Street banks of naming multiple deputies to retain senior dealmakers and prepare for eventual leadership transitions. The appointments signal continuity at the top while giving the firm two senior figures to run day-to-day operations across its advisory businesses.

Why it matters：Succession planning at independent advisory firms matters because retaining senior dealmakers is the core competitive asset in a business built on relationships and league-table standing.

Key points

  • Nigel Dawn and Naveen Nataraj become Evercore's first co-presidents.
  • CEO John Weinberg will stay in the role for at least three more years.
  • Evercore is one of the largest independent investment banks.

Sources (original reporting)

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