Evercore has reshuffled its top leadership, appointing Nigel Dawn and Naveen Nataraj as co-presidents of the investment bank effective next year. John Weinberg will remain board chair and CEO for at least three years. The promotions mark the first time Evercore has had co-presidents, reflecting the firm’s significant growth and expanding complexity.
Since 2017, Evercore’s total return has exceeded 350%, with a market capitalization surpassing $10bn. The firm now employs nearly 190 senior managing directors in investment banking, up from about 120 three years ago. Evercore has expanded internationally, including the $196mn acquisition of UK advisory firm Robey Warshaw.
Its business has evolved from M&A to include private capital fundraising, equity capital markets, and structured finance. Dawn, 62, leads Evercore’s private capital advisory group and is a pioneer in secondary-market transactions. Nataraj, 51, is a top technology dealmaker with over $700bn in transaction experience.
Daniel Mendelow will become sole head of US investment banking, and Jason Sobol will chair US investment banking. Shares of Evercore have dropped over 25% in 2026 due to plateauing deal volumes and economic concerns.
Source: Financial Times Companies · Summarized by HeadlinesBriefing