Carl Marks Promotes Two Investment Bankers

NEW YORK, Feb. 9, 2012 /PRNewswire/ -- Carl Marks Advisory Group LLC, the investment banking and corporate revitalization firm headquartered in New York, announced the promotions of Michael Flynn to director and Scott Webb to vice president for the investment banking group. 

Flynn, who joined Carl Marks as a vice president in 2008, has more than 10 years of financial restructuring and investment banking experience.  He serves as an advisor to both public and private corporations and their creditors, providing financial advisory services for client engagements involving bankruptcies, workouts, loan restructurings, due diligence, and mergers and acquisitions.  Before joining Carl Marks, Flynn was a director in the Corporate Restructuring practice of FTI Consulting.

Flynn graduated from Boston College with a B.S. in Biology and received an M.B.A. from Boston University.  He is registered with FINRA as a General Securities Representative and holds the Series 7 and Series 63 certifications and is a member of the Turnaround Management Association.

Webb joined Carl Marks in 2007 as an analyst and brings more than six years of financial restructuring and investment banking experience to his new position. He is responsible for financial restructuring, debt and equity capital raises, and mergers and acquisitions assignments across a wide range of industries, including real estate, media, healthcare, energy, manufacturing, specialty retail, transportation, consumer products, and specialty foods.

Webb graduated from the University of Vermont with a B.S. in Business Administration.  He is registered with FINRA as a General Securities Representative, holds Series 7 and Series 63 certifications and is a member of the American Bankruptcy Institute.

"Mike and Scott have demonstrated a tremendous degree of expertise and professionalism during their time at the firm and have been highly instrumental in delivering significant value to our clients.  They continually prove to be an asset to Carl Marks and to the clients we serve," said Mark L. Claster, partner of Carl Marks Advisory Group and president of its parent company, Carl Marks & Co. "We are very pleased to promote them within our organization."

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

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