21 November 2014Accounting & tax analysis

Connecticut Insurance Commissioner joins Evercore

Thomas Leonardi, the Insurance Commissioner of Connecticut, is set to join investment bank Evercore.

He joins the firm as a senior advisor with a focus on the insurance industry.

Leonardi has been a member of the executive committee of both the National Association of Insurance Commissioners (NAIC) and the International Association of Insurance Supervisors.

Roger Altman, Evercore’s executive chairman, said: “At a time of intense regulatory changes in the insurance industry, both here and abroad, Tom’s professionalism, knowledge and experience, coupled with his personal character and integrity, will prove invaluable to a wide range of Evercore clients.”

Ralph Schlosstein, Evercore’s chief executive officer, said: “We are delighted to welcome Tom to Evercore. His deep knowledge of the sector, broad experience and relationships across the industry will further enhance Evercore’s leading global insurance advisory franchise.

“Tom will work closely with our teams in New York and London and joins an insurance practice that has an excellent track record of success and has built an outstanding reputation for high quality, specialist advice and creativity. We look forward to continuing to build on this success with Tom’s technical expertise, strong understanding of the regulatory environment and global perspective on the industry.”

Leonardi added: “The insurance industry continues to go through a period of extraordinary challenges in regulation, global competition, systemic risk designations, storms of increasing frequency and severity, and a prolonged low-interest-rate environment. Evercore has a world-class platform, a team of professionals that are among the most talented and experienced in the business, and a commitment to delivering extraordinary service.

“Perhaps most important to me, Evercore places the interests of the client above all else and they do all of this while adhering to the highest ethical standards. I look forward to contributing to Evercore’s continued growth and broadening and deepening its client relationships.”