Hustvedt joins the company from Federal Street Advisors in Boston, Massachusetts, where she founded and led its family office practice. She also previously co-founded Longvue Advisors, which grew to have around $1 billion in assets.

In her new role, Hustvedt will report to Wendy Barasch, a partner and head of business development based in New York.

Evercore Wealth is a subsidiary of Evercore Partners and specializes in the financial services needs of high net worth individuals, families, and related institutions. As of 31 March 2011, the firm had around $2.8 billion in client assets under management.