Shaw and Partners today flagged a more streamlined approach to its growth, compliance standards and focus on the development of an increasingly broader offering for clients with the announcement that Allan Zion and Earl Evans will now share management of the business as Co-CEOs.

Mr Zion, who has been Shaw and Partners Managing Director since 2009 has been with the company since 1991. Mr Evans joined Shaw and Partners in February 2015 from Macquarie Bank, where he was the CEO of the North American Banking and Financial Services Division.

Shaw and Partners’ Non-Executive Chairman, Paul Masi said “the move to a Co-CEO model is a natural evolution for the business and will be key to achieving all of the goals we have set for ourselves in terms of the expansion of our Retail, Institutional, Corporate and Research offering, while meeting the needs of the regulators and legislators”.

Mr Zion and Mr Evans will split their daily responsibilities; with Mr Zion taking lead responsibility for all infrastructure and operational aspects of the business and Mr Evans taking lead responsibilities for all revenue generating activities, including management of Institutional, Corporate Finance, Private Wealth and Fixed Income Divisions.  The company’s growing Research division will report jointly to both CEOs. Such a move will afford Management with the ability to facilitate increased penetration into the respective areas of the business to unlock further business opportunities.

“Since Earl joined Shaw and Partners in February 2015 the company has expanded and evolved appreciably. We have grown adviser ranks and implemented stronger processes for the benefit of all of our clients. This is another building block in rolling out a premium offering for our corporate, retail and institutional clients and I am confident that we will see results in the near future,” Mr Masi said.