Bankruptcy News Makers

 
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    Alvarez & Marsal India Senior Director Appointed

    Alvarez & Marsal India appointed Suman Jagdev as Senior Director in the recently launched Corporate Solutions practice of the firm. Jagdev will lead automotive and industrial sectors with a focus on transaction advisory and performance improvement. Jagdev, who has been into client advisory for 15 years across automotive, industrial equipment, engineering, procurement and construction (EPC), metals and mining sectors is claimed to strength.

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    JND Corporate Restructuring Accolade Announced

    Turnarounds & recognized Travis Vandell, C.E.O. of JND Corporate Restructuring, a division of JND Legal Administration, in its 2017 People to Watch Special Report featuring business professionals making their mark. Vandell is the only claims and noticing professional included in this year's People to Watch Report. Throughout his career spanning nearly two decades, Vandell has been dedicated to streamlining and simplifying the administrative aspects of corporate bankruptcy for companies and their legal and financial professionals with innovative strategies and technology applications. Currently as C.E.O. of JND Corporate Restructuring, Vandell oversees business development and operations for corporate restructuring services in the Denver office of JND Legal Administration, which is headquartered in Seattle. During the past year at JND, he has focused extensively on administering cases within the energy, healthcare and retail sectors based on the upward trend of corporate bankruptcy filings within these industries. Prior to his current role, Vandell co-founded UpShot Services, a claims and noticing firm, where he and Co-Founder Robert Klamser created progressive, proprietary technology enabling clients to manage claims and noticing functions more efficiently. In 2016, UpShot Services was acquired by JND Legal Administration. Previously, Vandell was a Senior Managing Consultant at a leading claims and noticing firm where he led a number of prominent Chapter 11 cases and was a contributing member of the business development team.

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    Kobre & Kim Addition Announced

    Kobre & Kim announced the strengthening of its multijurisdictional insolvency disputes capabilities with the addition of senior lateral hire Mark Griffiths in London. Griffiths, an English solicitor, brings deep experience in conducting cross-border insolvency investigations and related asset recovery. The firm's Bankruptcy & Debtor-Creditor Disputes group often serves as special litigation counsel and international asset recovery counsel in insolvencies originating from various jurisdictions, including Brazil, the Cayman Islands, Delaware, England, Hong Kong, New York and Spain. The team's representations include clawback actions, priority contests, intercreditor disputes and investigating and recovering assets of insolvent entities, often in simultaneous legal proceedings in multiple countries.

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    Garden City Group Accolades Announced

    Garden City Group, LLC (GCG) announced that it received two awards from The M&A Advisor for its outstanding operational and technological achievements in Quicksilver Resources' Chapter 11 restructuring. GCG's team was part of the larger multifaceted team of restructuring professionals to win the Restructuring Deal of the Year ($1B-5B) at The M&A Advisor's 11th annual Turnaround Awards. GCG was also honored to receive an award for Turnaround Product/Service of the Year - Information Management. GCG's work on the Quicksilver case was selected by an independent committee of mergers, acquisition, restructuring and refinancing industry experts from submissions by more than 300 companies.

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    Greenberg Traurig Corporate Practice Expansion Announced

    Greenberg Traurig, LLP announced the following strategic additions to its Corporate Practice: Lee A. Albanese and Brian L. Petrequin, joined in New Jersey as the firm continues to enhance its Corporate Practice, specifically in the areas of mergers and acquisitions, private equity and investment management. Albanese focuses on corporate finance and mergers and acquisitions and counsels publicly and privately held companies across a wide variety of industries and represents major financial institutions in lending activities. Petrequin concentrates on corporate finance, mergers and acquisitions and general corporate law. He serves as lender's counsel and represents public and private corporations, as well as banks and other financial institutions. Albanese received his J.D. from Georgetown University School of Law, and his B.A. from Georgetown University. Petrequin received his J.D. from Western Michigan University Cooley School of Law, and his B.A. from Linfield College. Greenberg Traurig also announced the addition of Matthew Frankle as a Shareholder in New York. Frankle's practice will focus on secured lending transactions with an emphasis on loans secured by equity collateral with varying levels of liquidity. Frankle received his J.D., magna cum laude, from Benjamin N. Cardozo School of Law, where he was the Articles Editor of the Cardozo Law Review and was the recipient of the American Bankruptcy Institute Medal of Excellence. Frankle has a B.A. from the State University of New York at Albany. Prior to joining Greenberg Traurig, he was a Director at Bank of America Merrill Lynch.

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    Carl Marks Advisors Promotions Announced

    Carl Marks Advisors announced the promotion of Scott Webb to Senior Managing Director and David Endo to Director on the investment banking team. Scott Webb, who has held positions of increasing responsibility since joining Carl Marks Advisors in 2007, will be Co-Head of the investment banking restructuring vertical alongside Partner Evan Tomaskovic. He specializes in advising companies, secured lenders and other creditor groups in complex financial restructurings, distressed mergers and acquisitions and other special situations that require innovative solutions for conflict resolution both in and out of court. Webb has experience working across a wide range of industries on numerous deals, including Triad Isotopes, Norte III and Abengoa's US assets. He holds Series 7, 63, and 79 securities registrations and is a member of the American Bankruptcy Institute. David Endo has more than eight years of investment banking and financial restructuring experience providing execution services for various financial advisory assignments, including mergers and acquisitions, debt and equity capital raises and financial restructurings for companies and secured and unsecured creditors across the capital structure. Since joining Carl Marks in 2011, he has advised numerous clients both in and out of court across a variety of industries including energy, healthcare, manufacturing, building materials and consumer products. Endo is registered with FINRA as a General Securities Representative and holds Series 7, 63, and 79 security registrations and is a member of the Turnaround Management Association.

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    Goldman Sachs Group Restructuring Heads Named

    Goldman Sachs Group confirmed the appointment of Managing Director Greg Berube as Head of Restructuring in the Americas and Managing Director Clinton Ray as Head of Restructuring in Europe, the Middle East and Asia. Berube and Ray replace Roopesh Shah, Goldman Sachs' former Global Head of Restructuring. Berube joined Goldman Sachs in 2004 as a New York-based analyst, subsequently relocating to London to join the Europe, Middle East and Asia capital markets team. Berube then returned to the New York office in 2007, where has remained since. Berube received his Bachelor's Degree in 2004 from Colgate University. Before joining Goldman Sachs in 2016, London-based Ray worked as a Managing Director at Morgan Stanley for nearly a decade in the capital structure and restructuring advisory group. Prior to that, Ray was a V.P. with J.P. Morgan and Associate with Clifford Chance. Ray received his Bsc, Economics from The London School of Economics and Political Science in 1996.

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    Mintz, Levin, Cohn, Ferris, Glovsky and Popeo Expansion Announced

    Mintz, Levin, Cohn, Ferris, Glovsky and Popeo announced the expansion of its Corporate & Securities practice with the addition of Anthony J. Marsico, who brings wide-ranging corporate finance experience and a strong focus in capital markets. He is regarded as a leader in structured equity and debt transactions, having worked with leading private investment firms to create innovative investment products and securities. He joins as a member in Mintz Levin's New York office. Marsico also represents clients in strategic and financial mergers and acquisitions, business combination and corporate control contests and advises on Sarbanes-Oxley Act compliance, U.S. federal securities law reporting, disclosure requirements and other general corporate matters.

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    Clear Thinking Group Managing Director Added

    Clear Thinking Group announced that Eric Luukko has joined the firm's Value Preservation practice as a Managing Director. Prior to joining Clear Thinking Group, Luukko spent more than 20 years in the asset-based lending industry, including his most recent position as Vice President, Collateral Manager at Rockland Trust. He has also held positions at Webster Business Credit Corporation and Fleet Retail Finance. Luukko began his career in retail with the Thom McAn Shoe Company holding positions of increasing responsibility in the IT and Finance areas. He received his B.S. in Accounting and History from Babson College in Wellesley, MA.

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    Ruskin Moscou Faltischek Partner Recognized

    Jeffrey A. Wurst, a Senior Partner at Ruskin Moscou Faltischek, was named amongst the Long Island Pulse Magazine's "2017 Top Ten Legal Eagles" in Nassau and Suffolk Counties and is the only Bankruptcy and Commercial Finance attorney to be so named. Wurst is the Chair of Ruskin Moscou Faltischek's Financial Services, Banking & Bankruptcy Department and practicing in both transactional and litigation matters. He is highly-regarded for his knowledge and experience in commercial finance matters including traditional bank and non-bank commercial lending and factoring and has been recognized for his critical thinking and leadership in the growing area of FinTech and commercial marketplace lending (including Merchant Cash Advance). Wurst is a Fellow of the American College of Commercial Finance Attorneys and serves on the Boards of Directors for the Association of Commercial Finance Attorneys, the Chamber Players International and the New York Institute of Credit and is a member of the American Bar Association, serving on its Commercial Financial Services and Legal Opinions Committees. He is also a member of the American Bankruptcy Institute and the New York State Bar Association and a founding member and past President of the Long Island Chapter of the Turnaround Management Association, a past Chair of the New York Institute of Credit and past V.P. of the Turnaround Management Association Global. Wurst served as a member of the Board of Directors of Harvey Electronics, Inc., a public company, after having represented the group acquiring a majority interest through its Chapter 11 proceedings. His blog, "Wurst Case Scenario," is followed by thousands of readers.

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    Millstein & Co. Senior Adviser Added

    Millstein & Co. announced an increase to its automotive expertise with the addition of Stephen J. Girsky as Senior Advisor. Girsky is a veteran automotive executive with over 25 years in the industry. As Vice Chairman of General Motors (GM), he designed GM's overhaul of its European division, Opel, and continued to serve on GM's Board until last year. Throughout his career, he has worked with auto and steel unions to protect worker's interests under their labor contracts and previously served as a Board member of the UAW's Retiree Medical Trust. Starting as an automotive analyst at Morgan Stanley, Girsky was the top-ranked auto analyst by Institutional Investor for 14 years. Girsky currently serves on the Board of United States Steel and self-driving startup: Drive. Ai.

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    Donlin, Recano & Company Director of Business Development Announced

    Donlin, Recano & Company, Inc. announced that Meg Manning has joined the firm as Director of Business Development. Manning is primarily focused on strengthening the company's presence in multiple markets, as well as expanding its strategic partner relationships. She brings over 17 years of experience in complex reorganization and liquidation cases representing debtors, secured and unsecured creditors and creditors' committees to the organization. Prior to joining Donlin Recano, Manning was a Senior Director for Gavin/Solmonese LLC where she served as in-house Counsel while also managing all post-confirmation trust matters appointed to the firm. She has also spoke on several panels regarding insolvency and reorganization related topics. Manning previously practiced with the law firm Klehr Harrison Harvey Branzburg LLP, where she concentrated in the areas of commercial bankruptcy and restructuring. She is active in several industry associations, including the American Bar Association, American Bankruptcy Institute and the Delaware State Bar Association and also serves on the Board of the International Women's Insolvency & Restructuring Confederation. Manning received her Juris Doctor at the University of Baltimore School of Law.

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    Dorsey & Whitney Partner Rejoined

    Dorsey & Whitney LLP announced that Jay Kim has rejoined the firm as a Partner in its Banking Industry Group in Minneapolis. Kim has represented financial institutions for over 25 years. Most recently, he served as E.V.P., General Counsel and Director of Corporate Development for Alerus Financial Corporation. His responsibilities at Alerus included oversight of the risk management, audit and compliance functions as well as acquisitions and investor relations. Before joining Alerus in 2012, he was a Partner in Dorsey & Whitney's Finance & Restructuring and Corporate Groups where his practice focused on financial institutions, including banks, trust companies, commercial and residential mortgage brokers, specialized lending businesses and health, welfare and retirement plan administrators. Kim advises banking and financial services clients on mergers and acquisitions, risk management, capital formation and regulation, bank regulatory strategy and enforcement matters and product development and diversification and often serves as outside General Counsel to his clients. Before Kim joined Dorsey & Whitney in 2008, he was a Partner in another Minneapolis law firm and prior to that served as S.V.P. and General Counsel with Marquette Financial Companies. Kim has a Bachelor of Science degree from Iowa State University and a Juris Doctor degree from University of Minnesota Law School. He is Chair of the University of Minnesota Law School Board of Advisors and a member of the OTCQX U.S. Advisory Council.

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    Lazard Managing Director Added

    Lazard Ltd announced that Eugenio Garza y Garza has joined the firm as a Managing Director heading Lazard's Mexico Financial Advisory business, effective immediately. He is based in Mexico City, where Lazard is opening a new Financial Advisory office, and will work closely with Jerónimo Marcos Gerard Rivero, a Lazard Senior Advisor. Garza was most recently C.E.O. of Servicios Corporativos Javer, Mexico's largest homebuilder, which he joined in 2008. Previously he was a Managing Director and Head of Mexico Investment Banking for Merrill Lynch, from 2005 to 2008, and before that he was a Vice President at Goldman, Sachs & Co., from 1997 to 2005. Garza has a Bachelor of Science in Chemical Engineering from Monterrey Institute of Technology and a Master in Business Administration from the Stanford Graduate School of Business.

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    Huron Consulting Group Promotions Announced

    Huron Consulting Group (Huron) announced that ten of its professionals have been promoted to the role of Managing Director. Of most interest to restructuring professionals, Tassos Siatras is a Managing Director in enterprise solutions and analytics. His focus is on large-scale technology-enabled finance and operational transformation programs across the financial services, energy, retail and public sector industries. Siatras joined Huron in Toronto, Canada in October 2013. Prior to that he was a Manager, Senior Manager then Director with Blue Stone International. Siatras graduated from York University's Schulich School of Business.

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