David Peress Named to New Leadership Role as Executive Vice President, Hilco Retail Services

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Oct 12, 2017, 14:27 ET

NORTHBROOK, Ill., Oct. 12, 2017 /PRNewswire/ -- Hilco Global announced today that it has named David Peress to the new position of Executive Vice President – Hilco Retail Services, effective immediately.

In this newly created position, David will provide critical oversight and coordination among all Hilco retail valuation and monetization client teams and collaborate closely with the leadership at Hilco Merchant Resources and Hilco Valuation Services. Mr. Peress adds this new role to his existing responsibilities at Hilco Streambank, where he and his partners have continued to grow and expand Hilco's intellectual property practice in exciting new ways.

Jeffrey B. Hecktman, CEO - Hilco Global indicated that the new role was developed to "further demonstrate Hilco's commitment to deliver innovative retail solutions and optimized results for our retail clients, their advisors, lenders and investors at a time of great change in the sector." Hecktman added, "David takes on this new responsibility in recognition of his outstanding reputation in the retail lending and IP marketplace where he is known for his expertise as a successful dealmaker and thought leader."

As EVP of Hilco Retail Services, Peress will be responsible for supporting and building the overall Hilco Global retail valuation and monetization platform, with an emphasis on four critical service areas: (i) Intellectual Property Valuation, (ii) Inventory Valuation, (iii) Field Exam and Audit, and (iv) Asset Monetization. In each of these areas Mr. Peress will play a pivotal role in the coordination and delivery of holistic retail solutions with a mandate to leverage the entire Hilco Global retail platform to its fullest extent.

From a business development standpoint, and in collaboration with Hilco's existing business development teams across its retail platforms, Peress will be actively working with the retail lending and investment community, including private equity sponsors, strategic and financial advisors, attorneys and retailers.

Mr. Peress said, "I'm excited to add this new role to my current responsibilities at Hilco Streambank. As retail lenders and investors continue to adapt to the dramatic changes taking place in the marketplace, we are committed to delivering innovative thought leadership and best in class retail valuation services to our long-time retail client relationships as well as developing new relationships in the retail finance sector.

About Hilco Global: (www.hilcoglobal.com) Hilco Global is an independent financial services company and the world's preeminent authority on helping businesses maximize the value of their assets. Hilco Global is considered a world class company, having earned this reputation after decades of providing solutions for both healthy and distressed businesses to yield the maximum value, Hilco Global focuses on helping businesses with asset valuation, asset monetization, and advisory solutions. With over 20 operating companies Hilco provides a comprehensive suite of integrated strategic services including valuation; acquisition and disposition; private equity investment; and, consultative services. Hilco Global often provides investment capital, demonstrating an ability and willingness to share risk and reward. Hilco Global professionals serve as auctioneer, sales agent or an investor in virtually every class of tangible and intangible asset on a corporation's balance sheet including inventory, M&E, real estate, accounts receivable and intellectual property.

SOURCE Hilco Global