Evercore, an investment banking advisory firm, has expanded its fiduciary capabilities with the launch of a new business called Evercore Trust Company of Delaware.

The newly launched firm will offer investment services for HNW families and related institutions in the United States.

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Evercore president and CEO Ralph Schlosstein said: "Evercore Trust Company of Delaware complements our personal and institutional fiduciary capabilities at Evercore Wealth Management, LLC and Evercore Trust Company, N.A."

Evercore Wealth Management CEO Jeff Maurer said: "The new trust company, which is chartered in Delaware, enhances our national fiduciary capabilities as we strive to set the new standard in financial planning and investment management."

Evercore Trust Company of Delaware will be led by Chris Zander as new president and CEO.

Based at New York, Zander is currebtly chief wealth and fiduciary advisor at Evercore Wealth Management and Evercore Trust Company.

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Recently, the firm has also appointed Darlene Marchesani as the chief trust officer and trust counsel of Evercore Trust Company of Delaware.

Based in Wilmington, Marchesani will report to Zander. She joined Evercore as a managing director from Wilmington Trust, where she served as a senior fiduciary advisor.