A&M's Julie Hertzberg first woman to lead Insol International
London headquartered Insol International, a global federation of accountants and lawyers who specialise in turnaround and insolvency, has appointed Alvarez & Marsal’s Julie Hertzberg as its president. Hertzberg, the first woman to hold the role, is a managing director with Alvarez & Marsal in the United States.
“Alvarez & Marsal is committed to maximizing value for clients around the world. Julie exemplifies the values, professionalism and dedication that Alvarez & Marsal and Insol share. We are proud of Julie’s achievements and her contributions to Insol. We applaud her vision to promote diversity within the insolvency community,” Bryan Marsal, Alvarez & Marsal chief executive and cofounder, said.
Women currently account for 25% of Insol’s membership, and nearly one-third of those who work in restructuring and insolvency. Hertzberg hopes to use her new position as leverage to boost these percentages. “I am committed to strengthening Insol and leading the needed transitions to maintain the organisation’s relevance in the restructuring and insolvency community,” Hertzberg said.
“My key priority is diversity; namely, generating greater interest from young professionals and increasing the number of women in leadership positions in the industry.”
Hertzberg holds a law degree from the University of New Mexico and has been with the global management consulting firm for nearly 13 years. Before joining Alvarez & Marsal, she practiced law. She specialises in Chapter 11 preparation and reporting requirements, overseeing all necessary aspects for an organisation to file a bankruptcy case. This includes drafting financial statements, claims reconciliation, and preference analyses.
Alvarez & Marsal, which is headquartered in New York City and also has an office in London, was founded in 1983 and offers advisory, business performance improvement, transactions support and turnaround management services. The business advisory firm employs more than 3,500 people on four continents who assist organisations as they “transform operations, catapult growth, and accelerate results through decisive action,” according to a press release. Hertzberg works in the firm’s restructuring and turnaround practice.
Insol comprises 44 member associations and more than 10,500 professionals. As an organisation, it tackles international turnaround, insolvency and credit issues, as well as fosters a communicative and supportive environment for the insolvency profession.
“Julie is an accomplished professional who has contributed significantly to Insol and its initiatives over many years,” Jason Baxter, chief operating officer of Insol International and a member of its board of directors, said. “It is an interesting time for Insol and there are external challenges that it must respond to. I believe that Julie is the right president to help ensure the organisation delivers what its members value, and what its stakeholders expect.”
