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.
Ankura Consulting Group (Ankura) announced the opening of its eleventh business advisory and expert services consultancy office, located in San Juan, Puerto Rico. The opening includes the appointments of Jorge L. San Miguel and Juan Carlos Batlle as Senior Managing Directors. San Miguel and Batlle will lead Ankura's efforts in assisting municipal and corporate clients in Puerto Rico, the Caribbean and Latin America. San Miguel joins Ankura as Senior Managing Director with more than 25 years of experience in environmental law, energy, land use and government/regulatory affairs. San Miguel was most recently a Capital Member of the law firm Ferraiuoli LLC, in San Juan, Puerto Rico, where he chaired the firm's Energy and Environmental Practice Groups and co-chaired its Government and Legislative Affairs Practice Group. Batlle joins Ankura as Senior Managing Director with more than 20 years of financial services industry experience in both the public and private sectors. His areas of expertise include public finance, public-private partnerships, capital markets, investment banking, asset management, securities brokerage and distressed debt management. He has also arranged financing for projects in the infrastructure, energy, hospitality and real estate sectors, as well as developed and enacted economic development initiatives in the public sector. Batlle has executed financing plans for public corporations and the central government and its agencies, as well as municipalities in Puerto Rico. In addition, he has implemented initiatives to promote and support access to credit for small and medium-sized businesses and been part of the completion of landmark public - private partnership transactions, including the long-term concessions of major toll roads on the island with total consideration of over $1.4 billion, as well as the island's Luis Marin International Airport with total consideration of more than $2 billion. He testified on issues related to Puerto Rico's fiscal and economic crisis before United States Congress in 2016. Batlle was most recently with CPG Island Servicing LLC where he was responsible for the overall supervision of a $1 billion distressed commercial real estate debt portfolio.
Huron announced that it has entered into an agreement to acquire Innosight Holdings LLC. When combined, Huron and Innosight will use their strategic, operational and technology capabilities to help clients across multiple industries develop pioneering solutions to address disruption and achieve sustained growth. Built and co-founded by Mark Johnson and Harvard Business School professor and author Clayton Christensen, the world's foremost authority on disruptive innovation, Innosight's innovation and transformational strategies have proven successful in industries undergoing disruptive change such as aerospace, automotive, energy, financial services, healthcare, insurance, life sciences and retail. Formed in 2000, Innosight recognized that traditional approaches to strategy and growth were not enough to help companies accelerate transformational change. Applying the same methodology alongside Huron's deep industry expertise in healthcare, education and life sciences, the combined firms will help leaders in these industries successfully navigate changing market dynamics, regulations and consumer expectations to grow for the long-term. Innosight has more than 90 employees and a global footprint with locations in the United States, Singapore and Switzerland.
Hilco Diligence Services (HDS) announced that Tom Scotti has joined the company in a newly-created position as Executive Director with a mission to support the firm's continued expansion. The position reports to Hilco Diligence Services' C.E.O. Doug Jung, who leads the diligence services and field examination practice. Scotti will be responsible for finding and executing on diligence assignments bringing his considerable expertise in the retail and consumer product sectors, troubled credit work as well as his extensive experience in credit and lending, syndications, work out and liquidations along with comprehensive field/on-site diligence experience. Other recent hires are Robert Kuppens (former C.F.O. at Salus Capital Partners) and Nelson Jimenez (a S.V.P. from JPMorgan Chase Bank in Chicago). Scotti is expected to focus on the retail and consumer sectors. He is a well-known financial services industry leader who brings considerable expertise with over 20 years' experience advising retail and consumer product companies that have undergone significant transformations. Prior to joining Hilco Diligence Services, Scotti managed and developed extensive relationships with companies from around the world and advised businesses at every stage of their development including commercial lenders, private equity, venture capital and hedge funds, factors, distressed investors and liquidators. Most recently Scotti spent six years as the Managing Director at Consensus Advisors in Boston, representing companies, entrepreneurs, investors, creditors and lenders in financial and brand equity transactions. Additionally, from 2003 to 2010, Scotti served as President of the Appraisal and Valuation division at Gordon Brothers and from 1995 to 2003, Scotti served as the Managing Director of Fleet Retail Finance where he directed due diligence and collateral monitoring. He completed his undergraduate work at Columbia University and The University of Cambridge, and he received his M.B.A. at Columbia University in 1988. Scotti is Series 79 certified.
Alvarez & Marsal (A&M) announced that the firm continues to grow its practices in the Middle East with the appointment of Neil Hayward as Managing Director and head of the region's Restructuring and Turnaround team. Hayward brings 18 years of experience in restructuring services to his new role and was recently named among the top 20 of Global Restructuring Review's list of "The New Insolvency Advisers." Hayward has advised boards, management teams, banks, bondholders and governments in relation to turnaround or distressed situations. He has advised on projects in the U.S., U.K., Russia, Canada, Germany, France, Spain, Sweden, Norway and the Middle East, across a range of sectors including oil and gas, financial services, food manufacturing, manufacturing, construction and real estate, and retail. His most recent advisory experience in the Middle East involved a secondment to the Government of Dubai, assisting with the Dubai World and Nakheel restructurings and counselling the financiers in the successful Amlak and Al Jaber restructurings. Hayward is a Certified Insolvency Restructuring Advisor (CIRA). Additionally, he holds the ACA (Chartered Accountant qualification) as a member of the Institute of Chartered Accountants in England and Wales (ICAEW). He earned a Master's Degree in engineering and a degree in French from the University of Nottingham, including a year at the Institut National des Sciences Appliquées de Toulouse (INSA Toulouse). A&M also announced the continued expansion of its Insurance and Risk Advisory Services practice with the addition of John Spencer, who joined as a Managing Director in New York. Spencer's appointment bolsters A&M's ability to advise clients on complex pension and corporate finance issues, Pension Benefit Guaranty Corporation (PBGC) inquiries, human capital risk matters, labor negotiations and capital markets transactions. Spencer brings more than 20 years of experience counseling businesses across industries including financial services, transportation, retail and manufacturing. He spent 15 years at the Pension Benefit Guaranty Corporation as the Head of Corporate Finance and Director of the Division of Insurance Supervision and Compliance. In these roles, he managed the financial analysts, actuaries and attorneys who were responsible for overseeing the nearly 26,000 private sector, single-employer U.S. defined benefit pension plans. Spencer is an expert in the area of pension financial advisory. Additionally, he is a recognized subject matter expert in Title IV of the Employee Retirement Income Security Act of 1974 (ERISA), specifically as it pertains to assessment of risk in the context of corporate transactions and distressed situations. Spencer earned a Bachelor's Degree in economics from the University of Maryland and has completed certificate programs at Harvard Business School and The Kennedy School for Government.
Kobre & Kim announced the bolstering of its international insolvency capabilities with the addition of bankruptcy lawyer D. Farrington Yates in New York. Yates was Co-Chair of the U.S. restructuring, insolvency and bankruptcy practice at Dentons. Yates joins the firm's Bankruptcy & Debtor-Creditor Disputes team, bringing his extensive knowledge of cross-border, corporate insolvency actions. His practice focuses on guiding non-U.S. clients through high-value U.S. Chapter 11 proceedings and representing non-U.S. insolvencies in pursuing recoveries in the U.S. through Chapter 15 proceedings.
AlixPartners announced 24 promotions to Managing Director. Those of most interest to restructuring professionals are listed below, by city: Houston - Robert Albergotti is an experienced finance executive with more than 15 years of experience working with senior management teams, attorneys, creditors and private-equity sponsors at all levels to identify process improvements, spot business trends, assist in complex financial restructurings and take advantage of financial opportunities. He also has extensive operating experience in Europe, Latin America and Asia negotiating the complexities of cross-border restructurings and developing and implementing complex restructuring solutions to maximize value through internal reorganizations, asset dispositions, divisional shutdowns and Chapter 11 restructurings. Prior to AlixPartners, Albergotti was in Amsterdam with Akzo Nobel. London - Mark Veldon works extensively in private equity, guiding companies through M&A transactions and operational transformations. He has 20 years' experience in advising both private-equity and corporate clients in due diligence; post-merger integration and carve-out; restructuring and operational performance improvement in manufacturing; procurement; selling, general and administrative expenses; along with undertaking interim management roles. Veldon holds a Master of Arts from Princeton University and degrees in business studies and operations management from Aberdeen University. Milan - Dario Duse supports industrial and high-tech companies and shareholders in achieving tangible and breakthrough operational improvements after complex and turnaround situations. He has 20 years of experience as an advisor, business leader and shareholder. New York - Tarek Ghalayini is a licensed attorney with a strong background in accounting and finance. He also works closely with counsel, corporate clients and financial advisors to quickly and efficiently tackle complex electronic data problems in far-reaching litigation, financial investigations and restructuring cases. Steven Spitzer is a results-driven executive with more than 20 years of operational and consulting experience. Spitzer has spent the last 12 years as a consultant providing restructuring leadership and investment banking services for companies in the media, direct marketing, entertainment, manufacturing and telecommunications industries.
Grant Thornton LLP named Todd Wall as Office Managing Partner for its Portland office. In this role, he will oversee the office's Audit, Tax and Advisory service lines as well as client service, growth and talent development in Portland. Wall joins Grant Thornton with 23 years of public accounting experience providing assurance and business advisory services to public and private companies. His deep understanding of the greater Portland market has been developed over many years of practice serving a wide variety of clients and the community. Wall will lead the existing Audit and Tax practices and oversee the planned expansion of Advisory services in the market. He is a certified public accountant in Oregon and a member of the Oregon Society of Certified Public Accountants, the American Institute of Certified Public Accountants and Technology Association of Oregon. Wall received a Bachelor's degree from the University of Idaho.
Reid Rubinstein & Bogatz (RRB) announced that John P. Witucki has been named a Partner and that Karlie M. Gabour and Kerry Kleiman joined the firm as Associate Attorneys. Of most interest to restructuring professionals, Witucki joined RRB in January 2015 and currently serves as the firm's day-to-day assigned attorney in its role as General Counsel of the Clark County Department of Aviation. In addition to his duties with the Department of Aviation, Witucki represents a diverse range of clients in matters involving various areas of the law, including real estate and commercial litigation, aviation and airport law, eminent domain litigation, right-of-way acquisition, government relations, administrative proceedings, complex Chapter 11 reorganization and liquidation proceedings, prepackaged and pre-negotiated restructurings, real estate finance, real estate acquisitions and commercial transactions. Immediately prior to joining RRB, Witucki served as Counsel for the Nevada Department of Transportation through his position as a Deputy Attorney General with the Nevada Attorney General's Office. Witucki received his JD and MBA degrees from the University of Nevada, Las Vegas, after having graduated magna cum laude with a BS from University of Utah. While attending law school, he served as a legal extern for U.S. Senator Harry Reid and for Judge Philip M. Pro, U.S. District Court, District of Nevada.
Akerman LLP announced that litigation Partner Christian George has been elected by the Board of Governors of The Florida Bar Young Lawyers Division (YLD) to serve as President-Elect in 2017. He will be sworn in by the Chief Justice of the Florida Supreme Court during The Florida Bar's General Assembly meeting on June 23, 2017 and will begin his term as President in June 2018. George has been a member of the Board of Governors of YLD since 2012. He serves on the Board's executive committee and as a representative of the Fourth Judicial Circuit. In addition, George currently serves as President of the Jacksonville Bar Association's (JBA) Young Lawyers Section (YLS). He has served on the Board of Governors of YLS since 2008 and is currently a member of the executive committee and Chair of the professionalism committee. At Akerman, George concentrates his practice in the areas of commercial litigation and bankruptcy. He earned his JD in 2007 from the University of Florida Levin College of Law and his BA in 2004 from the University of Florida. Separately, Akerman also announced the promotion of 19 lawyers to Partner. Of most interest to restructuring professionals, Chicago-based Thomas Fullerton is a Partner in the Bankruptcy & Reorganization Practice Group. He has experience with Chapter 11 proceedings, fraud-based adversary claims and preference actions and has represented clients in Chapter 7, 11 and 13 proceedings. Fullerton also has experience representing financial institutions in loan financing transactions, loan workouts and commercial litigation. He has served as a United States Army Reserve Captain since April 2011 and received his BA (Political Science) from University of Illinois at Urbana-Champaign in 2005 and JD from University of Dayton School of Law in 2008.
Gavin/Solmonese and Equity Partners HG jointly announced that bankruptcy and mediation expert Frank A. Monaco, Esq. will lead a joint strategic marketing initiative between the firms, which have been working together over the past two years. Monaco, Managing Director, Mediation & ADR Services with Gavin/Solmonese, also works closely with Bankruptcy & Fiduciary Services, Committees in the Bankruptcy and Valuation & Litigation Consulting teams. He has a certification in business bankruptcy and nearly 35 years of direct experience in this field, including representing debtors, creditor committees, individual creditors and other interest holders, including secured lenders, indenture trustees, government agencies, trade creditors, equipment lessors, landlords, asset purchasers, bondholders and stockholders. Monaco's bankruptcy experience covers all matters of litigation and transactions, including involuntary petitions, avoidance actions, relief from stay proceedings, trustee motions, sale and purchase of assets, executory contracts and lease issues, post-petition financing, disclosure statements, plan confirmation, and representing liquidating trustees and plan administrators in the wind-down of estates. He has been a Chapter 11 trustee, liquidating trustee and discovery master. He is a certified mediator having completed the Institute of Conflict Management Training Course in 2004 and the North Carolina Dispute Resolution Commission certification process in 2016 and an approved mediator for both the Bankruptcy Court and Bankruptcy Appeals in the District Court in and for the District of Delaware. He has resolved over 100 disputes in the District Court in Delaware and as an arbitrator in Delaware Superior Court. Monaco received his BA (Political Science) from University of Delaware and JD from Villanova University School of Law.
Blank Rome LLP announced that Brendan Delany has joined the firm as a Partner in the Finance, Restructuring and Bankruptcy group. He is based in the firm's Washington, D.C. office and comes to Blank Rome from Cadwalader, Wickersham & Taft LLP. Delany focuses his practice on the financial services, energy and commodities and real estate sectors, counseling clients in transactions related to energy finance, real estate finance and mergers and acquisitions. Delany assists clients with cross-border repurchase agreement transactions, intermediation agreements, inventory financing, asset-based loans, secured power plant financings and other commercial real estate financings. Aside from his legal work, Delany is a member of the Board of Trustees of the Connelly Foundation in Philadelphia and currently serves as a member of the Board of Directors of the Franklin Lyle Stroud, M.D. Foundation for Learning Disabilities and as an adviser to the Board of Directors of the Washington Jesuit Academy. He received his JD from Catholic University's Columbus School of Law where he was a published member of the Catholic University Law Review. Delany received his B.S.F.S. from Georgetown University's Edmund A. Walsh School of Foreign Service.
Ankura Consulting announced the appointment of David Sawyer as Senior Managing Director. Based in the New York office, Sawyer will practice with the firm's Turnaround and Restructuring Group. He joins Ankura Consulting's business advisory team after more than 25 years in the global financial markets industry, where he focused extensively on restructuring and turnaround issues through his experience as a hedge fund distressed debt and special situations investor as well as Global Head of Workout and Restructuring at a major international financial institution. Prior to joining Ankura Consulting, Sawyer was the Global Head of Portfolio, Counterparty Credit and Workout & Restructuring at Barclays where he led a worldwide team of more than 130 people and managed all of the bank's distressed principal positions, including post-restructured equity. Previous to his role at Barclays, he ran the Restructuring and Portfolio Group for Silver Point Capital where he was responsible for leading restructuring and workout activities for the hedge fund. He was also a member of Silver Point's Distressed Private Equity Group and was responsible for the execution of the restructuring process, transitional efforts from debt-to-equity ownership and post-ownership operational strategy and activities. Earlier in his career, Sawyer was a Director at Credit Suisse, managing workouts and restructurings. Prior to that, he was a senior member of their credit risk group focused on the media and telecom industries and also held roles in the risk departments of Societe Generale and HSBC where he focused on leverage lending. Sawyer is a graduate of Georgetown University.
The leadership of CR3 Partners, LLC announced details of their newly-formed national turnaround and performance improvement firm. CR3 Partners, founded by William Snyder and 17 Partners from Deloitte CRG, Chrysalis, Winter Harbor and BDO launches with more than 40 experienced professionals based out of offices in New York, Boston, Charlotte, Chicago, Dallas, Houston and Irvine. A key constituency of the newly-created firm is inclusion of the entire team of Chrysalis Management, led by founder Cynthia Romano. All of CR3's Partners' Partners have significant track records in building firms and many have already worked together at the predecessor practices at Corporate Revitalization Partners, CRG Partners, Chrysalis Management and Deloitte. Snyder. Several of CR3 Partners' Partners founded Corporate Revitalization Partners (CRP) in 2001 and in 2007 merged with The Recovery Group (TRG) to form CRG Partners. In 2012, CRG Partners was acquired by Deloitte.
Howard & Howard Attorneys PLLC announced that 15 of its attorneys have been named to Illinois Super Lawyers and Illinois Rising Stars 2017. The attorneys of most interest to restructuring professionals that are listed in Illinois Super Lawyers 2017 are as follows: Chicago Office: John E. Zummo, Creditor Debtor Rights; Peoria Office: Thomas W. O'Neal, Bankruptcy: Business. The attorneys of most interest to restructuring professionals that are listed in Illinois Rising Stars 2017 are as follows: Chicago Office: Jane S. Hahn, Business/Corporate and Mark Ryerson, Business/Corporate.