The New York-listed investment firm has expanded its leadership team.

Evercore has appointed John Weinberg as chairman of the board and executive chairman, replacing Roger Altman, who will become founder and senior chairman, a newly-created position.

Weinberg most recently served as vice chairman of Goldman Sachs Group from 2006 to October 2015, having previously spent 12 years as the group’s co-head of global investment banking. He joined Goldman Sachs in 1983 and became partner in 1992. Weinberg has advised companies including Ford, General Electric and Boeing. He has also advised on the initial public offerings of Visa and Under Armour.

Altman and Ralph Schlosstein, president and chief executive, remain on Evercore’s board of directors.

“There is no advisor more respected by clients around the world than John Weinberg. He epitomizes the values of quality, integrity and excellence which are the heart of our firm,” said Altman.

Schlosstein added: “John has a well-deserved reputation among clients and industry leaders as an extraordinarily talented and highly principled advisor and leader. His deep experience as a long-time leader of a premier financial institution will strengthen and deepen our senior leadership team as we continue to pursue our goal of becoming the most elite global independent investment banking advisory firm in the world.”

Evercore, primarily an investment banking advisory firm, also offers investment management services to high net worth and institutional investors.