Search
 

Deloitte Reinforces Distressed Debt Practice

NEW YORK CITY-Guy Langford, who now heads the distressed group, says the team offers 'multiple capabilities' to meet the specific requirements of lenders, borrowers and investors.

By Paul Bubny | Updated on March 15, 2010

NEW YORK CITY-The distressed asset and debt practice that Guy Langford now heads at Deloitte has ramped up considerably over the past several months, and Langford tells GlobeSt.com that he expects that expansion of disciplines and manpower to continue. GlobeSt.com has exclusively learned that effective immediately, Langford succeeds Dorothy Alpert, who has assumed the role of Northeast deputy regional managing partner.

Taking its cue from the previous cycle of distress, Deloitte put together “a team with multiple capabilities and functionalities,” Langford says. “You have borrowers who might be looking to restructure, extend or renegotiate their debt, lenders with large pools of assets that they either want to manage or evaluate other alternatives and investors who are interested in different types of distressed assets. We work across that spectrum, and with the various government agencies, as well. I look at it as a fairly broad suite of competencies that we can bring to different constituents in the market.”

Based in New York City, Langford now leads a cross-disciplinary national practice that has grown to more than 60 partners, principals and directors over the last 12 months. They include several strategic external hires with competencies and experience in debt advisory, rating agencies, debt origination and underwriting, workout and restructuring, as well as capital markets and investment banking experience.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.