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Evercore Names Nigel Dawn and Naveen Nataraj Co-Presidents in Executive Leadership Refresh

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EVR$254.08 −0.99%

Evercore (NYSE:EVR) has appointed Nigel Dawn and Naveen Nataraj as co-presidents, effective January 1, 2027. Both executives will report to Chairman and Chief Executive Officer John S. Weinberg, who will continue leading the firm, its Management Committee, and its strategic direction. As part of the transition, the board and Weinberg agreed that he will remain Chairman and CEO for at least the next three years.

The expansion of the leadership team aims to strengthen Evercore's advisory capabilities and support its long-term global growth strategy. Dawn, who built the firm's global Private Capital Advisory business, will also take on the role of Chairman of that group. Nataraj will remain active in advising key investment banking clients across multiple industries.

Additional management changes were also announced to oversee key business segments. Daniel Mendelow will step into the role of sole Head of U.S. Investment Banking, Evercore's largest division. Meanwhile, Jason Sobol will become Chairman of U.S. Investment Banking, collaborating with Eduardo Mestre, who continues as Chairman of Global Investment Banking.

Key points

  • Nigel Dawn and Naveen Nataraj were appointed Co-Presidents of Evercore, effective January 1, 2027.
  • John S. Weinberg will remain Chairman and CEO of Evercore for at least the next three years.
  • Daniel Mendelow will become sole Head of U.S. Investment Banking, Evercore's largest business unit.
  • Jason Sobol will serve as Chairman of U.S. Investment Banking, working alongside Global Chairman Eduardo Mestre.

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Questions and answers

Who are Evercore's new co-presidents?

Nigel Dawn and Naveen Nataraj have been appointed co-presidents of Evercore, with their roles taking effect on January 1, 2027.

Is John S. Weinberg staying as CEO of Evercore?

Yes, John S. Weinberg and Evercore's board agreed that he will continue to serve as Chairman and Chief Executive Officer for at least the next three years.

Who will lead U.S. Investment Banking at Evercore?

Daniel Mendelow will become sole Head of U.S. Investment Banking, while Jason Sobol will become Chairman of U.S. Investment Banking.