Carl Marks Advisors has promoted Scott Webb to partner.

Since joining the firm in 2007, Webb has held positions of increasing responsibility and for the last two years has led the firm’s investment banking restructuring vertical alongside partner Evan Tomaskovic.

As partner, Scott will continue to specialize in advising companies and creditor groups throughout the capital structure on financial restructurings, distressed mergers and acquisitions, capital raises and other special situations.

“We are very excited to recognize Scott’s achievements during his time at Carl Marks Advisors,” said Duff Meyercord, managing partner at Carl Marks Advisors. “His energy and attention to detail are highly prized by the clients he serves. He has played an important role in a number of the firm’s notable transactions in recent years and we look forward to many more years of his continued contributions to the growth of the firm.”