Daily News: November 24, 2014

A&M’s Restructuring Practice in Greece Hires Veteran

Leading global professional services firm Alvarez & Marsal (A&M) announced that Manos Kotronakis joined its Athens office as a senior director in the corporate restructuring practice.

Kotronakis brings more than 20 years of experience in management and leadership roles in both fast-moving consumer goods and private equity. Prior to joining A&M, he was a partner and COO for global finance, a leading Greek private equity firm, serving on the Investment Committee and on the Human Resources and Compensation Committee.

Kotronakis successfully monitored distressed portfolio companies against the backdrop of economic volatility and recession in Greece.

Peter Briggs, global practice leader of A&M’s Financial Industry Advisory Services practice, said, “Manos’ extensive operational experience in Greece and internationally complements our existing financial industry advisory services offering, allowing us to meet the evolving needs of both banks and borrowers. With corporate restructuring at the heart of our brand, we are excited to expand A&M’s ability to support the economic revival efforts in Greece by actively managing its non-performing loan portfolios and driving corporate renewal.”

Marios Koliopoulos, country head for Alvarez & Marsal in Greece, added,
“Our strategy in Greece is to grow our presence by leveraging our financial industry advisory services offering. The in-depth operational experience that Manos brings adds another offering that synchs with A&M’s corporate restructuring heritage and global leadership position. The combination of these two service areas provides a more complete suite of services to our clients in alignment with current market needs. I am delighted to join A&M. As the Greek economic recovery continues, local banks have started to address their non-performing loan portfolios and focus on companies that could be improved through a turnaround process. A&M has a long and successful history of assisting clients by providing effective leadership in corporate restructurings. I look forward to amplifying the firm’s extensive capabilities and helping our clients navigate the quickly changing economic landscape with practical turnaround management and performance improvement solutions.”

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.