Investment banking advisory firm Evercore has named Celeste Brown as its new CFO, effective 1 September 2021.
As CFO, Brown will oversee Evercore’s financial, tax, internal audit, information technology, investor relations, communications, and real estate functions.
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She replaces Robert Walsh, who is set to retire from the firm on 31 December 2021.
Brown will join Evercore as senior managing director on 1 July 2021. She will work with Walsh, both before and after assuming the role of CFO, to ensure a seamless transition.
Brown has over two decades of experience in the financial industry.
She was most recently executive vice-president and CFO at Fannie Mae, where she was responsible for financial management functions, including controllers, treasury, asset/liability management as well as financial reporting, planning, and analysis.
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By GlobalDataPrior to joining Fannie Mae, Brown spent 18 years at Morgan Stanley, where she served several key roles including that of global treasurer, head of Investor, creditor and counterparty relations and equity research analyst.
She began her career as an investment banker at BT Alex Brown.
Evercore co-chairman and co-CEO John Weinberg said: “We are delighted to welcome Celeste to our leadership team.
“Her financial expertise and superior track record at Fannie Mae and before that at Morgan Stanley make her extremely well qualified to lead Evercore’s finance organization as we enter our next phase of growth.”
Brown said: “I am thrilled to join Evercore’s talented team. I have long admired the firm and I am honoured to be joining the team during such an exciting time in Evercore’s evolution.”
Last March, Evercore appointed Shane Gong as a managing director within its Private Capital Advisory group.
