Carl Marks Names Joseph R. D'Angelo Managing Director

NEW YORK, Oct. 10, 2012 /PRNewswire/ -- Carl Marks Advisory Group LLC, the  corporate revitalization and investment banking firm headquartered in New York, has named Joseph R. D'Angelo managing director. In his position with Carl Marks, D'Angelo works with middle market clients as an interim officer, chief restructuring officer or advisor to develop and implement business plans that restore top-line growth and increase enterprise value.  He also represents secured creditors in bankruptcy restructuring cases.

D'Angelo comes to Carl Marks with more than 20 years experience in operating and advisory roles, improving underperforming businesses and advising debtors and creditors in complex restructuring matters. Before joining Carl Marks, D'Angelo was a principal at XRoads Solutions Group.  He also served as senior vice president at Platinum Equity and as managing director at Alvarez & Marsal LLC.  Additionally, he was chief financial officer at Rhythms NetConnections Inc. and held management positions with Sprint Corp. in Kansas City.  His experience spans many industries, including automotive, manufacturing, entertainment, digital media, software, specialty finance and telecommunications.

"We are very pleased to have Joe join the Carl Marks team," said Mark L. Claster, partner of Carl Marks Advisory Group and president of its parent company, Carl Marks & Co.  "With his extensive restructuring experience across multiple industries, we believe the expertise Joe brings to our firm will contribute significantly to further enhancing our restructuring practice."

D'Angelo received a B.A. from Columbia University and an M.B.A. from The Wharton School of the University of Pennsylvania.

About Carl Marks Advisory Group LLC and Carl Marks Securities LLC
Carl Marks Advisory Group LLC, with offices in New York, Bedminster, N.J., and Charlotte, N.C., provides a wide array of investment banking and financial, operational, real estate and healthcare advisory services to the middle market, including mergers and acquisitions advice, sourcing of capital, financial restructuring plans, strategic business assessments, improvement plans and interim management. Carl Marks Advisory Group is the  recipient of the 2010  Turnaround Management Association's Turnaround of the Year Award in the Large Company category, the 2011 M&A Advisor's Debt Financing Deal of the Year, and the 2011 Turnaround Atlas Awards Chapter 11 Reorganization of the Year – Middle Markets.

Carl Marks Securities LLC, based in New York, assists its clients in executing private placements of debt and equity. The firm is a member of FINRA and SIPC. Additional information about Carl Marks Advisory Group LLC and Carl Marks Securities LLC is available at www.carlmarks.com.

SOURCE Carl Marks Advisory Group LLC