Bankruptcy News Makers

 
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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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    Ankura Consulting Promotions Announced

    Ankura Consulting (Ankura) announced the promotions of four to the title of Senior Managing Director. Of most interest to restructuring professionals, Michael Baumkirchner has more than 18 years' experience in restructuring, corporate finance, commercial lending and investment banking across a wide range of industries including retail, healthcare, energy, financial services, telecom, technology and manufacturing. Baumkirchner has advised both companies and creditors in highly complex distressed situations, including Lehman Brothers and MF Global. He is also experienced in originating and structuring secured credit backed by aviation assets, marine cargo containers, intellectual property, power plants and telecommunication infrastructure. Prior to joining Ankura, Baumkirchner worked in FTI's Corporate Finance and Restructuring practice. Prior to joining FTI, Baumkirchner spent five years at MBIA in its Operating Asset and Whole Business Securitization group where he originated and structured financial guarantees on fixed income securities backed by aviation assets, marine cargo containers, intellectual property and business loans and leases. Prior to receiving his MBA, Baumkirchner worked as an Associate at Dresdner Kleinwort Wasserstein in its loan syndication department where he focused on structuring and distributing debt in project finance, real estate and leverage finance markets. As an analyst at Bank of America Securities in its Global Investment Bank, he developed cash flow models for valuing various capital intensive projects such as power plants, telephone networks, oil fields, toll roads and gas pipelines in connection with Bank of America's US Project Finance practice and in support of Latin American M&A business. Baumkirchner received his MBA from NYU's Stern School of Business and his BBA from Emory University's Goizueta Business School. Baumkirchner is also a CFA Charterholder.

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    Greenhill & Co. Co-Head Added

    Greenhill & Co., Inc. announced that David Hunt has joined the firm as Co-Head of Corporate Advisory for the Industrial sector, based in New York. He will focus primarily on the capital goods, environmental services and industrial technology subsectors, as well as on large multi-line industrial companies. Hunt was most recently Managing Director and Head of investment banking coverage for the capital goods sector at UBS, where he spent 20 years, focused on industrials for nearly all that time. He began his career at Dillon Read before it was acquired by UBS.

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    Carl Marks Advisors Managing Director Added

    Carl Marks Advisors announced the addition of Steven F. Agran as Managing Director to work on restructuring deals and relationship management and marketing in the northeast. Agran has more than 20 years of experience providing turnaround and interim management services to financially distressed companies. He provides financial and operational advisory services to company ownership, Boards of Directors, private equity groups, lenders and investors focusing on workouts, loan restructurings, strategic planning, bankruptcy and mergers and acquisitions. Agran has served in various roles for a myriad of companies, including C.R.O., C.E.O., C.O.O., C.F.O. and advisor. His engagements have encompassed turnarounds, operational and financial restructurings, liquidations, cash management, operational and financial assessments, due diligence and examinations and Chapter 11 reorganizations and §363 sales. Prior to joining Carl Marks Advisors, Agran was a Principle at Morris Anderson LLC. He has also been a turnaround advisor at Addition Management, Glass & Associates and Nightingale & Associates. He began his career with PriceWaterhouse in New York City. Agran earned a BBA from the University of Michigan and an MBA from Duke University's Fuqua School of Business. He is a CPA (inactive), TMA Certified Turnaround Professional (CTP) and a Certified Insolvency and Restructuring Advisor (CIRA). Agran is also on the Board of Directors of the New Jersey Turnaround Management Association, Board of Directors of Global TMA and former Co-Chair of the TMA Mid-Atlantic Symposium.

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    SierraConstellation Partners Promotion Announced

    SierraConstellation Partners, LLC (SCP) announced that Drew McManigle, a Managing Director at the firm and head of its Houston, TX office, has been promoted to lead the firm's operations throughout the Southwest region that includes, Texas, New Mexico, Louisiana and Oklahoma. McManigle, based in Houston, will oversee the firm's strategy, client engagements, operations and business development activities for the region, while also continuing to advise clients on complex business challenges. McManigle has more than 27 years of experience in operational leadership, business turnarounds and financial restructurings; and he has conducted complex litigation worldwide. His global experience spans a wide variety of industries, including oil & gas, healthcare, manufacturing, real estate and transportation where he has held numerous C-level and fiduciary leadership roles. McManigle attended Texas Tech University and received his bachelor's degree from the University of Houston.

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    Strategic Management Partners Chair Recognized

    Strategic Management Partners, Inc.'s (SMP) Chairman John M. Collard, CTP, CITM was recognized by SmartCEO Magazine for his distinguished career and achievements in the turnaround community. Collard is an expert in interim executive C.E.O. leadership, corporate renewal governance, strategy formulation, asset recovery and equity investing in underperforming distressed troubled companies. Collard was inducted into the Turnaround Management, Restructuring, Distressed Investing Industry Hall of Fame. Collard is a Founder and past Chairman of the Turnaround Management Association and also past Chairman of the Association of Interim Executives and a Senior Fellow of the Turnaround Management Society. He is a graduate of Southern Illinois University and studied design with R. Buckminster Fuller. He was inducted into SIU Alumni Hall of Fame. Collard has a Top Secret security clearance.

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    Jones Day Partner, Associates Added

    Jones Day announced that Christine Van Gallebaert has joined the firm's Banking & Finance Practice as a partner in its Paris Office. Associates David Aumain and Bassem Caradec are accompanying Van Gallebaert to Jones Day. Of most interest to restructuring professionals, Van Gallebaert has extensive experience serving the Paris market in asset-backed financings, which include securitization, covered bonds and debt funds. Van Gallebaert has assisted clients in the formation of a number of covered bond issuers for both French and multinational banking groups, and in the securitization process of various financial assets. She has counseled debt funds investing in small and medium-sized enterprise (SME) loans and in emergent crowd-lending platforms. More recently, she advised on the restructuring of several covered bonds issuers. Van Gallebaert is recognized among the best securitization lawyers in France by Chambers Global, Chambers Europe and The Legal 500 EMEA guides.

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    Clear Thinking Group Creditors' Rights Leader Announced

    Clear Thinking Group LLC announced that Managing Director Patrick Diercks will lead its Creditors' Rights practice group. In this role, he will be responsible for managing a team of professionals devoted to end of case services. Diercks has more than 12 years of experience in the turnaround and restructuring arena. He has provided services to Debtors within the Chapter 11 bankruptcy process including the following: preparation of cash collateral forecasts, D.I.P. budgets, claims analysis, asset analysis and recovery, as well as estate wind-down activities. Diercks has also been retained to assist bankruptcy estate trustees as part of post confirmation plan administration. In that role, his responsibilities have included claims analysis, preference analysis, and distribution of funds to creditors.

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    Gordian Group Initiative Announced

    Gordian Group announced the formation of Gordian Equity Management Services, LLC (GEMS) and that Paul Laud will build and run the new initiative. GEMS will provide asset management services to private equity firms on a contract basis with a special focus on turnkey solutions for revitalizing and monetizing underperforming, "exit-resistant" private equity assets. GEMS will take the necessary actions to restore viability, position the company for sale, manage the entire exit process and deliver returns to investors. GEMS' Founding Principal Paul Laud has a 25-year history in private equity and has worked with a large number of private equity clients, guiding portfolio companies experiencing distress through recovery and exit. He recently completed a multi-year engagement to oversee and monetize a portfolio of distressed control, non-control and residual private equity assets for a major fund. Earlier, Laud was Founder and President of CIT Equity Investments.

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    Carl Marks Advisors Managing Director Appointed

    Carl Marks announced the appointment of Don Sheehan as a Managing Director. In this role, he will head up business development activities in the U.S. Northeast and Mid-Atlantic regions. Sheehan brings more than 40 years of experience as a senior banking executive and concentrates primarily on Commercial Workout involving a wide range of industries. Prior to joining Carl Marks Advisors, he was a market manager within the Fleet and Bank of America commercial workout groups. He and his team worked with middle market commercial lending groups in New England, New York, New Jersey, Pennsylvania, Maryland and Washington, DC. Earlier in his banking career, Sheehan held positions including Regional Team Leader, Senior Workout Officer and Risk Manager in the Managed Asset Groups of Fleet Bank, Bank of America, Shawmut and Bank of New England. He holds a BS in Education from the University of Mass-Amherst.

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    Alvarez & Marsal Promotion Announced

    Alvarez & Marsal (A&M) has promoted James Daniell to the role of Managing Director in A&M's Disputes and Investigations practice in Dubai. His promotion comes on the back of continued growth for A&M in the Middle East, as it further establishes its reputation and commitment to its clients in the region. With more than 12 years of experience in financial investigations and dispute advisory services, Daniell specializes in fraud and corruption investigations, financial crime compliance, asset recovery and investigative due diligence. He has spent ten years working in the Middle East and Central Asia and in close collaboration with corporate counsel, financial institutions and government and regulatory agencies. Daniell earned a bachelor's degree in Economics and Spanish from the University of Leeds. He is a CFA charter holder and a Certified Anti-Money Laundering Specialist.

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    Piper Jaffray Partner Appointed

    Piper Jaffray Companies (PJC) announced the appointment of Ted Christianson as Partner in the merchant banking group. He will serve alongside the group's Managing Directors Tom Schnettler and Bob Rinek and Senior Advisor David Crosby. Christianson brings more than 27 years of experience in financial services and investment banking to the merchant banking group. He joined Piper Jaffray in 1998 and most recently served as Global Head of the PJC capital advisory group, which includes the firm's equity private placement, financial restructuring and debt capital markets businesses. Christianson assumed management responsibility for the firm's private equity placement practice in 2001 and later established and assumed management responsibility for the capital advisory group in 2008. He also served in various senior leadership positions as a member of the firm's investment banking commitment committee, global group head council and the merchant banking investment advisory committee.

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    Squire Patton Boggs Partner Rejoin Announced

    Squire Patton Boggs announced that Partner Kelly Singer has rejoined the firm's global Restructuring & Insolvency Practice after spending the past five years at Quarles and Brady LLP. Singer practices nationally in all aspects of commercial bankruptcy and restructuring matters. He has substantial experience representing corporate debtors and creditors in Chapter 11 bankruptcies and out-of-court restructurings, buyers in Section 363 bankruptcy sales, Chapter 11 trustees and lenders in debtor-in-possession financings. He has also represented domestic and foreign corporations in the defense and prosecution of high-dollar, complex avoidance actions, including avoidance litigation involving alleged real estate Ponzi schemes. Through over 14 years of practicing law, he has acquired considerable experience with clients in the retail, real estate, private equity, grocery, homebuilder, healthcare, construction, technology, energy and professional sports industries. He has also represented sovereign and co-operative organizations and handles matters for private and public domestic companies, as well as various Japanese, Chinese and European companies in U.S. and foreign insolvency matters. Singer received his J.D. from the Sandra Day O'Connor College of Law at Arizona State University (magna cum laude), and a B.S. from the University of Arizona (summa cum laude).

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    Plante Moran Principal Added

    Plante Moran announced that Sandor Jacobson has joined the firm as a Principal in its restructuring and transformation practice. Jacobson, who will work from the firm's Chicago office, specializes in helping companies solve financial challenges by assisting with improving their top and bottom lines, better managing growth, leveraging resources and mitigating costs and risks. In his new role, he'll work with clients in a variety of industries while also focusing on growing Plante Moran's restructuring and transformation practice in Chicago. Prior to joining Plante Moran, Jacobson was a Senior Financial Consultant at Abrams & Jossel Consulting, where he managed restructuring and crisis management engagements throughout the Midwest. Jacobson holds a Bachelor's Degree from The University of Texas at Austin and is a Certified Public Accountant. Active in his profession, he is a member of the American Institute of CPAs, the Illinois Society of CPAs, the Turnaround Management Association, the Association for Corporate Growth and the Commercial Finance Association. Jacobson resides in Riverwoods his wife and three children.

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