MONEY MANAGEMENT

Evercore Trust names new president, CEO

Ciara A. Burnham will take over as president and CEO of Evercore Trust, effective July 1, a spokesman confirmed.

Ms. Burnham replaces Charles Wert, who along with Norman Goldberg, will become vice chairmen. Mr. Goldberg is currently chief fiduciary officer. He will be replaced by William Ryan, also effective July 1. The vice chairmen positions are new.

Mr. Ryan will report to Ms. Burnham, who reports to Jeff Maurer, chairman of Evercore Trust and president and CEO of Evercore Wealth Management, a subsidiary of Evercore Partners, which is also the parent company of Evercore Trust.

Ms. Burnham is currently a senior managing director and head of strategy and corporate development at Evercore Partners.

Mr. Ryan most recently was executive director, legal and compliance, and head of ERISA law at Morgan Stanley (MS). Spokesman Matt Burkhard did not have immediate information on a replacement.