Deloitte appointed Guy Langford to lead the distressed asset and debt practice in the U.S. effective immediately.
Based in New York, Langford will lead the cross-disciplinary national practice that has grown to over 60 partners, principals and directors in the last 12 months. The practice includes a number of 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.
“In the next three to five years, we will likely witness a continuation of an important cycle of deleveraging that will involve restructurings, recapitalization and ownership transfers that reaches beyond commercial real estate into consumer and industrial segments with significant impact on regional and community banks, private equity firms, hedge funds, insurance carriers and corporations," Langford said. "Lenders, borrowers and investors are all positioning themselves today to weather the current market and the storm that may lie ahead, as well as execute on opportunities that may arise as the cycle of distress works itself through the system. Accordingly, clients are seeking advisors who bring broad industry experience and perspectives to inform customized, time-sensitive solutions.”