Boutique bank Evercore has a pair of new MDs. They’re rather interesting
Being a managing director (MD) in an investment bank is about as high as most banker could dream of reaching. And it is good, yes, but there is one thing better, if you’re a banker. Being an MD at not just an investment bank, but a boutique investment bank. Like Evercore.
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Noah Pottash joined Evercore in New York this week as an MD. He joined the boutique from Goldman Sachs in the city, where he spent almost a decade – four as an associate and six as a VP – and he was an auditor, of all things, at Deloitte before that.
Nicole Coffey joined Evercore as an MD too, in Washington DC. She joined the firm from Baird, the mid-market bank, with whom she spent nine years in the city. Coffey was already an MD at Baird before she left; clearly, Evercore considers some banks’ MDs to be equivalent to others’ VPs.
Becoming an MD at most banks is a major achievement. It’s the point at which your compensation, especially your bonus, explodes, because the bank is expecting you to bring in and manage clients. At Evercore, however, it’s a bit of a misdirection – the bank’s “real” MDs are its Senior Managing Directors, which fulfil much of the same role as other bank’s non-Senior MDs. Evercore still has VPs, however, making the MD title there more comparable to something like a director at other banks. Evercore did not respond to a request for comment on this article.
It’s a good time to join Evercore regardless of your title, however. The firm’s Q3 results showed that its revenues are up by 38% in the first nine months of 2026 vs the same period in 2025, and it is on track to pay over $1.2m per head – on average. Senior managing director or not, it’s a very pretty penny.
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