NEW YORK, April 18, 2013 – Evercore Trust Company, N.A. (“ETC”), a subsidiary of Evercore Partners Inc. (NYSE: EVR), and a leading provider of independent fiduciary services, specializing in investment management and trustee services with over $34 billion in assets under administration, today announced the expansion of its executive team. Effective July 1, 2013, Charles E. Wert and Norman P. Goldberg will become Vice Chairmen of Evercore Trust Company. Ciara A. Burnham, currently a Senior Managing Director with Evercore Partners, will succeed Mr. Wert as the President and Chief Executive Officer. Additionally, William E. Ryan, who most recently was Executive Director, Legal and Compliance, and Head of ERISA Law at Morgan Stanley, will succeed Mr. Goldberg as Chief Fiduciary Officer.
Ciara Burnham brings more than twenty years of experience in financial transaction advisory services and investment management. She currently is the Head of Strategy and Corporate Development at Evercore, and has been a member of Evercore Partners’ senior leadership since the firm’s early history. Ms. Burnham has played a leadership role in launching and building many of Evercore’s businesses, including Evercore’s acquisition of Evercore Trust Company’s Special Fiduciary Services division in 2009. She has worked closely with ETC and its management team since that time.
Bill Ryan has over twenty-five years of experience advising clients and institutions on ERISA-related legal issues. Additionally, he is an active participant in industry associations and a frequent speaker and writer on ERISA topics.
“Evercore Trust Company’s success to date has been built on a foundation of exceptional professionals focused on delivering sophisticated independent fiduciary and related services to our clients,” said Ralph Schlosstein, President and Chief Executive Officer of Evercore Partners. “We are delighted to announce these additions to the ETC leadership team, to build on the success of Evercore Trust Company as the preeminent independent fiduciary provider.”
About Evercore Trust Company
Evercore Trust Company, N.A. (“ETC”), a national trust bank regulated by the Office of the Comptroller of the Currency and a majority owned subsidiary of Evercore Partners Inc., provides independent fiduciary services, specialized investment management, and trustee services to employee benefit plans and their corporate sponsors. Additionally, Evercore Trust Company provides personal trustee, executor, and custody services and partners with Evercore Wealth Management to provide customized investment and wealth management services to families, individuals, and related institutions. ETC serves clients from its offices in New York, Washington D.C., and Los Angeles. More information about ETC can be found on the Company’s website at www.evercoretrustcompany.com.
About Evercore Partners
Evercore Partners is a leading independent investment banking advisory firm. Evercore’s Investment Banking business advises its clients on mergers, acquisitions, divestitures, restructurings, financings, public offerings, private placements and other strategic transactions and also provides institutional investors with high quality research, sales and trading execution that is free of the conflicts created by proprietary activities; Evercore’s Investment Management business comprises wealth management, institutional asset management and private equity investing. Evercore serves a diverse set of clients around the world from its offices in New York, Boston, Chicago, Minneapolis, Houston, Los Angeles, San Francisco, Washington D.C., Toronto, London, Aberdeen, Scotland, Mexico City and Monterrey, Mexico, Hong Kong and Rio de Janeiro and São Paulo, Brazil. More information about Evercore can be found on the Company’s website at www.evercore.com.
|Investor Contact:||Robert B. Walsh
Chief Financial Officer, Evercore Partners
|Media Contact:||Dana Gorman
The Abernathy MacGregor Group, for Evercore Partners