Daily News: December 30, 2013

Alvarez & Marsal Enhances Presence in Greece

Alvarez & Marsal announced that Marios Koliopoulos, the former deputy CEO of the Hellenic Financial Stability Fund, joined as a managing director in its global Financial Industry Advisory Services practice. Based in Athens, Koliopoulos will serve as A&M’s country leader in Greece and as a member of the Financial Industry Advisory Services leadership team in Europe.

Koliopoulos brings 17 years of experience in financial services, having worked both in banking and industry. As deputy CEO of the Hellenic Financial Stability Fund (HFSF), his primary responsibility was the recapitalization of the four systemic Greek banks. Before that, he served at Hellenic Petroleum as a financial adviser, where he led the structuring and execution of complex and inaugural debt capital raising transactions. Earlier, at Bank of America in Greece, he served as general manager of the bank’s branch and a managing director within corporate and investment banking where he helped lead the bank’s repositioning in the Greek market.

Bryan Marsal, co-founder and co-CEO of Alvarez & Marsal, said,
“The stakes are high for businesses in Greece. Financial services organizations, shipping companies and other industries face complex challenges that demand action, objectivity and real results. Against this backdrop, A&M is pleased to install a proven problem-solver like Marios. With A&M’s track record and Marios’ leadership, we will continue to help clients in Greece maximize and unlock value, tackle the forces of change and work toward economic revival.”

Peter Briggs, global practice leader of A&M’s Financial Industry Advisory Services, said, “Through his extensive experience in industry, banking and his important role with HFSF, Marios has demonstrated his capacity to assist our clients through the unique financial challenges facing the country. A&M is thrilled to have a proven leader of Marios’ calibre serving our clients and driving our future development in Greece.”

Koliopoulos added, “Financial institutions in Greece are now focusing on better managing their non-performing loans so that they are able to accomplish their role in supporting the country’s economic recovery. A&M has a strong track record with NPL management and in leading the subsequent corporate restructurings that will inevitably arise. Within this context, I am very pleased to have been given the opportunity to grow the A&M business in Greece and offer the entire breadth of the firm’s global capabilities to support our clients’ needs in Greece and abroad.”

A&M formally established an office in Athens in 2011, having been active in the Greek market for many years prior in connection with corporate restructurings and debt restructurings in the financial sector.