Deloitte Appoints Guy Langford to Lead U.S. Distressed Asset & Debt Practice

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Mar 16, 2010, 09:14 ET

NEW YORK, March 16 /PRNewswire/ -- Deloitte announced today that Guy Langford has been appointed to lead the distressed asset and debt practice in the United States, effective immediately. Langford succeeds Dorothy Alpert, who has assumed the role of northeast deputy regional managing partner.

In his role as U.S. distressed asset and debt leader, Langford is responsible for the practice's overall strategy and execution of tax, audit, consulting and financial advisory services across the lifecycle of distressed assets and debt.

"In the next three to five years, we will likely witness a continuation of an important cycle of deleveraging that will involve restructurings, recapitalization and ownership transfers that reaches beyond commercial real estate into consumer and industrial segments with significant impact on regional and community banks, private equity firms, hedge funds, insurance carriers and corporations. Lenders, borrowers and investors are all positioning themselves today to weather the current market and the storm that may lie ahead, as well as execute on opportunities that may arise as the cycle of distress works itself through the system," said Langford. "Accordingly, clients are seeking advisors who bring broad industry experience and perspectives to inform customized, time-sensitive solutions.

"Whether it's a lender that needs a capital partner to recapitalize an asset or business, a borrower that needs a portfolio review and recovery plan for non-performing loan pools, or an investor that needs an army of specialists to analyze and value a portfolio under tight time constraints, Deloitte understands client priorities."

Based in New York, Langford leads a cross-disciplinary national practice that has grown to more than 60 partners, principals and directors over the last 12 months, including a number of strategic external hires with competencies and experience in debt advisory, rating agencies, debt origination and underwriting, workout and restructuring, as well as capital markets and investment banking experience.

Deloitte offers lenders, borrowers and investors support with a range of issues including merger, acquisition and divestiture transactions; reorganization and bankruptcy; preserving and enhancing asset value; litigation and dispute support; valuation; portfolio reviews, foreclosure analysis, tax structuring; accounting and audit; and strategy, operations and technology.

"Deloitte brings relationship across the lender, borrower and investor community to bear. Guy's role as real estate M&A leader has presented him with an unmatched relationship network that allows him to bring the right parties together, as well as offer a broad lens of both opportunities and challenges for participants in the current marketplace. The practice and our clients are in the hands of a talented and committed leader," said Alpert.

Langford also serves as the mergers and acquisitions leader for Deloitte's real estate practice, a role he has held since 2005, as well as northeast real estate leader, which he has held since 2008.

Langford joined Deloitte in 1989 in Australia following graduation from the University of Melbourne with a bachelor of commerce degree. He joined the U.S. company in 1994. He is both a CPA and Chartered Accountant in Australia. Langford is a current member of the Real Estate Roundtable's Real Estate Capital Policy Advisory Committee, and a former president of the Association of Chartered Accountants in the United States.

About Deloitte

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