Evercore ISI, the equities business of US-based investment banking advisory firm Evercore, has named Michael Paliotta as its new CEO.

Paliotta will be tasked with strategic management of Evercore ISI’s operations. He will work alongside Evercore ISI executive chairman Ed Hyman and senior leadership team members in the new role.

Paliotta joins from Credit Suisse, where he held various leadership positions in the equities business for around 18 years.  He most recently served as the head of global markets equities at the firm.

Evercore president and CEO Ralph Schlosstein 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.”