Evercore (NYSE: EVR) announced today that Michael J. Paliotta has agreed to join Evercore ISI as CEO of Evercore's equities business. Mr. Paliotta will join Evercore once he has completed his obligations to his current employer and will be responsible for management and strategic oversight of Evercore ISI's ongoing operations, working closely with Ed Hyman, Evercore ISI's Executive Chairman, and the rest of the senior leadership team.
Mr. Paliotta was most recently Head of Global Markets Equities at Credit Suisse, having served in leadership roles in the equities business there for almost 18 years.
Ed Hyman, Evercore ISI's Founder and Executive Chairman, said, "Evercore ISI has an unwavering commitment to providing market-leading independent research, along with world class distribution and trading abilities. Mike commands enormous respect in the equities business. His well-established track record of leadership will be a tremendous asset to Evercore ISI. He is an excellent cultural fit and will help take us to the next level."
Ralph Schlosstein, Evercore's President and CEO, said, "We are delighted to attract a professional of Mike's caliber to Evercore. His wealth of experience will be an extremely valuable resource for our Equities business as it seeks to maintain its top rank among independent providers of research and to provide the highest quality independent equity distribution capabilities and market insights to Evercore's Advisory clients."
John Weinberg, Evercore's Executive Chairman and Chairman of the Board, said, "We are very pleased that Mike will be joining Evercore. Over his long career, Mike has built a stellar reputation on the Street and I am confident that under his management, we will continue to provide our clients with the outstanding service that they have come to expect from Evercore in both our Equities and Advisory businesses."
Mr. Paliotta said, "I am excited to join the premier provider of independent research and distribution capabilities in our industry and look forward to working with the leadership of Evercore to enhance the already established capabilities of the Equities business for the benefit of our clients."
Mr. Paliotta received his MBA from NYU's Stern School of Business and his undergraduate degree from Manhattan College.
About Evercore Established in 1995, Evercore is a leading global independent investment banking advisory firm. Evercore advises a diverse set of investment banking clients on a wide range of transactions and issues and provides institutional investors with high quality equity research, sales and trading execution that is free of the conflicts created by proprietary activities. The Firm also offers investment management services to high net worth and institutional investors. With 28 offices and affiliate offices in North America, Europe, South America and Asia, Evercore has the scale and strength to serve clients globally through a focused and tailored approach designed to meet their unique needs. More information about Evercore can be found on the Company's website at www.evercore.com.