Evercore Inc. has announced significant leadership changes as it prepares for future growth. On October 21, 2026, the company revealed that Nigel Dawn and Naveen Nataraj will be appointed as Co-Presidents, effective January 1, 2027. This strategic move is designed to strengthen the firm's leadership depth and support its ongoing initiatives in the investment advice sector.
Evercore, a premier global independent investment banking advisory firm, has been making strides in its market presence. The appointments of Dawn and Nataraj come as the firm aims to enhance its strategic direction while continuing to serve clients effectively. John S. Weinberg will remain at the helm as Chairman and Chief Executive Officer, ensuring continuity in leadership.
Nigel Dawn, aged 62, currently serves as the Global Head of Evercore's Private Capital Advisory group and is a member of the Management Committee. He has played a pivotal role in developing the firm's market-leading global Private Capital Advisory business, which operates teams in the United States, Europe, and Singapore. In his new role as Co-President, he will also become Chairman of the Private Capital Advisory group, maintaining close connections with clients and the business.
Naveen Nataraj, aged 51, is currently Co-Head of U.S. Investment Banking and also serves on the Management Committee. He has advised many of Evercore's key clients across various industries and will continue to be actively involved in the firm's Investment Banking operations as Co-President.
In conjunction with their new roles, both Dawn and Nataraj will receive a one-time award of Performance Restricted Stock Units (PRSUs) valued at $20 million each. These awards are contingent on achieving operating income goals and total shareholder return over a three-year performance period, aligning their interests with those of Evercore's shareholders.
The leadership changes reflect Evercore's commitment to enhancing its management resources as the company grows. John S. Weinberg expressed confidence in the new appointments, stating, "As Evercore has grown and evolved, we see increased opportunities to bring value for our clients. This leadership structure will help us drive our strategy more effectively while reinforcing our commitment to clients, our values, and our culture."
Roger C. Altman, Evercore's founder and Senior Chairman, echoed this sentiment, highlighting the need for additional management resources to support the firm's growth. He expressed confidence in both Dawn and Nataraj, emphasizing their capabilities to contribute to Evercore's future success.
As Evercore continues to expand its global footprint, the firm remains dedicated to providing innovative and trusted advice to its clients. The appointments of Dawn and Nataraj as Co-Presidents mark a significant step in the firm's leadership evolution, positioning it for continued success in the investment advice industry.
The filing does not say what happens next.