Daily News: February 16, 2017

Scotti Joins Hilco Diligence in New Executive Director Role

Tom Scotti has joined Hilco Diligence Services 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 CEO Doug Jung, who leads the diligence services and field examination practice.

“This is an important strategic hire for Hilco and will support the continued expansion of our diligence services business. We’ve had robust growth in client engagements since we launched in 2014,” Jung said. “Tom Scotti brings considerable experience having worked across many of our important sectors including retail and consumer products. By adding top talent like Tom to our team, Hilco will continue to deliver upon client expectations in every complex transaction we are engaged to complete.”

Scotti will be responsible for finding and executing on diligence assignments bringing his expertise in the retail and consumer product sectors, troubled credit work as well as his experience in credit and lending, syndications, work out and liquidations along with field/on-site diligence experience.

Hilco launched its full-service diligence services business practice in 2014 as an outgrowth of the overall valuation services business that it has built for the past 30 years. Other recent hires are Robert Kuppens, former CFO at Salus Capital Partners, and Nelson Jimenez a SVP from JPMorgan Chase Bank in Chicago.

Scotti is expected to focus on the retail and consumer sectors. He brings more than 20 years of experience advising retail and consumer product companies that have undergone significant transformations. 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.