Evercore unveils leadership reshuffle

Evercore (EVR) has undertaken a leadership reshuffle that adds the role of co-presidents to its senior management for the first time. The firm’s Board has appointed Nigel Dawn and Naveen Nataraj as Co-Presidents, with their appointments taking effect on January 1, 2027. The move creates an additional layer of leadership at the top of the company while preserving continuity in the chief executive role.

As part of the same decision, Evercore (EVR) and its Board have agreed that John S. Weinberg will continue to serve as Chairman and Chief Executive Officer. He is set to remain chief executive for at least the next three years, providing a defined period of leadership stability while the new co-presidential structure is implemented.

In addition to becoming Co-President, Nigel Dawn will take on the role of Chairman of Evercore’s Private Capital Advisory business. He will remain closely connected to this unit, underscoring its ongoing importance within the firm’s advisory platform. This aligns Dawn’s new corporate title with direct responsibility for a key business line.

Co-President Naveen Nataraj will continue to advise the firm’s clients and stay actively engaged in Evercore’s Investment Banking business. His remit combines the new leadership title with continued frontline involvement in client advisory work, linking top-level management responsibilities with day-to-day investment-banking activities.

The reshuffle extends beyond the co-president appointments to include a reorganization of investment-banking leadership. Daniel Mendelow will become the sole Head of U.S. Investment Banking, the firm’s U.S. advisory operation. His role places him in charge of the company’s largest investment-banking business segment.

Complementing this change, Jason Sobol will assume the position of Chairman of U.S. Investment Banking. The separation of head and chairman roles within the U.S. business creates distinct leadership positions focused on the operational and strategic dimensions of Evercore’s domestic investment-banking activities.

At the global level, Eduardo Mestre will remain Chairman of Global Investment Banking. His continued role provides continuity in the oversight of Evercore’s worldwide investment-banking franchise, aligning with the broader objective of combining leadership renewal with established experience.

Taken together, the introduction of co-presidents, the confirmation of John S. Weinberg’s tenure as chief executive for at least three more years, and the updated investment-banking leadership structure represent a coordinated adjustment at Evercore’s upper management levels. The changes define clear responsibilities for senior executives across corporate leadership, U.S. operations, and global investment banking.

By assigning Dawn and Nataraj dual roles that combine firmwide leadership with ongoing business-line and client responsibilities, the new structure embeds strategic oversight within key advisory franchises. At the same time, the continued presence of Weinberg and Mestre in their existing posts anchors the reorganization in leadership continuity.