Daily News: June 6, 2014

A&M Establishes Alvarez & Marsal Global Asset Management Services

Todd Slotkin, a veteran financial executive, has been named managing director and global head of Alvarez & Marsal Asset Management Services, a newly-created business established to support a range of organizations in preserving, enhancing and marketing asset classes including loan portfolios, real estate and investments, among others.

Alvarez & Marsal Asset Management Services is an independent affiliate of Alvarez & Marsal Holdings, a global professional services firm with a 30-year track record of maximizing asset value in connection with scores of business transformations. Elizabeth LaPuma, a managing director with Alvarez & Marsal and a former senior investment banker, joins Slotkin to build A&M’s asset management services on a worldwide basis. Both are based in New York.

Prior to A&M, Slotkin was co-founder and managing partner of Newton Pointe Partners, advising both private equity groups and management teams on acquisitions, divestitures and restructurings. Previously, he was with Irving Place Capital Partners serving as EVP and CFO for MacAndrews & Forbes Holdings. He was also the chief financial officer for eight years of M&F Worldwide. In addition to his corporate finance responsibilities at MacAndrews & Forbes, he oversaw all operating company CFOs for finance, operations and strategies in enterprises ranging from consumer products (Coleman, Revlon), film and entertainment (Panavision, Deluxe) to biotech (TransTech Pharma, Siga), defense (AM General), financial institutions and services (CalFed, Harlan Clarke) and security guard services (Allied-Barton).

He also spent more than 17 years at Citigroup (Citicorp) as senior managing director of the Global Finance Sector.

LaPuma brings more than 15 years of investment banking experience in financial institution structuring, valuation and M&A. She has been involved in landmark financial institution transactions and assignments around the globe. Prior to A&M, she worked with BlackRock Financial Markets Advisory Group, where she was part of initiating the group’s client coverage model with responsibility for more than 30 of the largest financial institutions, including banks, insurance companies, private equity, hedge funds, specialty finance companies and financial regulators. In a leadership capacity she evaluated asset portfolios of the largest Greek banks on behalf of the IMF, ECB and EU, with primary responsibility for coverage of the largest banks. She also advised a group of 15 major financial institutions in claims against a monoline insurer as part of the multi-year restructuring of the public insurer among other projects. Earlier in her career, she worked at Lazard Freres & Co. in its financial institutions and restructuring groups. During the financial crisis, she worked on three of the ten largest bankruptcies.

To read the entire press release, click here.