UPDATE 3-Evercore names BlackRock co-founder as CEO
* Ralph Schlosstein replaces Roger Altman as CEO
* Altman to continue as chairman
* Seeks to diversify from its core advisory business (Adds analyst comments, updates share movement)
By Supantha Mukherjee
BANGALORE, May 22 (Reuters) - Evercore Partners Inc (EVR.N: Cotización) named BlackRock Inc's (BLK.N: Cotización) co-founder Ralph Schlosstein as its chief executive, replacing Roger Altman, as the boutique bank seeks to diversify from its core advisory business.
Altman, who founded Evercore in 1996, will remain as chairman, the top U.S. merger advisory boutique said.
Evercore's strategic priorities are expanding the company globally and building up a diversified asset management business spanning from alternative to traditional spectrum, Fox-Pitt Kelton analyst David Trone wrote in a research note.
"Schlosstein brings with him the experience of expanding an organization globally and growing an asset management business," Trone added.
The two seasoned Wall Street executives, who earlier worked together in Lehman Brothers and BlackRock, have known each other for 30 years. Continuación...