Alvarez & Marsal has boosted its Corporate Restructuring practice in Greece with Manos Kotronakis, who joins as a Senior Director. Kotronakis transfers from private equity firm Global Finance, where he worked for more than 11 years. At Alvarez & Marsal he will, from the base in Athens, mainly focus on building the firm’s footprint in the financial services industry.
Manos Kotronakis has more than 20 years of experience in management and leadership roles in both fast-moving consumer goods and private equity. Prior to joining A&M, he was a partner and COO for Global Finance, a leading Greek private equity firm, serving on the Investment Committee and on the Human Resources and Compensation Committee. Between 1993 and 2000 he worked for Diageo, a premium drinks company, in Greece, London and Hong Kong.
Per October Kotronakis has decided to move into the consulting industry, with global advisory firm Alvarez & Marsal his pick. The firm has been active in Greece for more than a decade, yet on-premise projects were executed through foreign offices until 2011, when it established its first office in the country. The Athens office focuses primarily on corporate restructurings and debt restructurings in the financial sector.
“Manos’ extensive operational experience in Greece and internationally complements our existing financial industry advisory services offering, allowing us to meet the evolving needs of both banks and borrowers. With corporate restructuring at the heart of our brand, we are excited to expand A&M’s ability to support the economic revival efforts in Greece,” says Peter Briggs, global practice leader of A&M’s Financial Industry Advisory Services practice. Marios Koliopoulos, country head for Alvarez & Marsal in Greece*, adds: “Our strategy in Greece is to grow our presence by leveraging our financial industry advisory services offering. The in-depth operational experience that Manos brings adds another offering that synchs with A&M’s corporate restructuring heritage. The combination of these two service areas provides a more complete suite of services to our clients in alignment with current market needs.”
“I am delighted to join Alvarez & Marsal. I look forward to amplifying the firm’s extensive capabilities and helping our clients navigate the quickly changing economic landscape with practical turnaround management and performance improvement solutions,” says Kotronakis on his new challenge.
* Marios Koliopoulos was appointed country head for in Greece December 2013. Prior to joining A&M, he served as the Deputy Chief Executive Officer of the Hellenic Financial Stability Fund (HFSF), the entity assigned to manage the €50 billion allocated for the recapitalisation and stability of the Greek banking sector within the context of the Greek bail-out program