FTI Consulting hired Dave Katz as a senior managing director in the firm’s corporate finance and restructuring segment of the senior lender advisory practice. Katz most recently served as a managing director at JPMorgan Chase and brings more than 20 years of experience to his new role.
Findings from a survey conducted by CFO Research of Argyle Advisory & Research Services and FTI Consulting showed CFOs are taking on greater strategic and enterprise-building roles as they guide their organizations through the challenges of the ongoing COVID-19 pandemic.
FTI Consulting appointed seven professionals to its health solutions practice, including senior managing directors James Fisher, Julie Kliger and Kevin McCadden, and managing directors Matthew Leshy, Juliana Malhotra, Patterson Shafer and Amy Showalter.
FTI Consulting appointed Richard Chalk and Yuval Saban senior managing directors of the data and analytics practice in the company’s forensic and litigation consulting segment. Chalk is based in London and Saban is based in New York.
Jim Franks joined Portage Point Partners as a managing director in Dallas. Previously, Franks served as senior managing director at FTI Consulting, principal at EY and partner at Accenture.
Alvarez & Marsal served as restructuring advisor to Superior Energy Services in the company’s financial restructuring and commencement of its Chapter 11 case. Superior serves drilling, completion and production-related needs of oil and gas companies.
The Secured Finance Network’s 76th Annual Convention, “This Way Forward,” will take place from Nov. 17 to 19 and will cover financial, economic and political disruptions that banks and finance companies face in the midst of a pandemic and the aftermath of the U.S. election.
Athene, an affiliate of Apollo Capital Management, committed to provide Hertz Global Holdings a $4 billion asset-backed securitization short-term facility.
Hertz secured commitments for debtor-in-possession financing totaling $1.65 billion. Moelis & Co. is serving as investment banker, while FTI Consulting is serving as Hertz’s financial advisor and White & Case is serving as legal advisor.
TNT Crane & Rigging and certain of its affiliates emerged from Chapter 11 bankruptcy protection. The company emerged from its restructuring as a private company with a new ownership group, recapitalized with a new $225 million term loan.