Matthew Berk Joins Carl Marks Advisory Group

NEW YORK, June 21, 2011 /PRNewswire/ -- Matthew Berk has been named managing director of Carl Marks Advisory Group LLC, the corporate revitalization and investment banking firm headquartered in New York.  In his new role, Berk will be responsible for business development initiatives in the Northeast region.  He will focus on expanding the firm's referral base, while maintaining and enhancing existing relationships throughout the region.

Berk brings more than 30 years of financial restructuring and transaction experience with private and public companies across a broad range of industries to Carl Marks. As both a principal and an attorney, he has been involved with numerous Chapter 11 proceedings, out-of-court restructurings, and distressed sale and financing transactions in the United States and internationally.  

Before joining Carl Marks, Berk served as managing director with Morgan Joseph & Co. Inc., where he specialized in providing transactional and financial restructuring guidance to financially challenged businesses.  He also counseled creditor constituencies seeking to successfully maximize their recoveries in distressed situations.

Previously, Berk was a senior director with Alvarez & Marsal Corporate Finance.  He also served as managing director with the Special Situations Group of Wachovia Securities.

"Matthew's wealth of experience in our traditional markets, as well as his breadth of key relationships with law firms and hedge funds, positions us for excellent growth opportunities in the Northeast," said Mark L. Claster, partner of Carl Marks Advisory Group and president of its parent company Carl Marks & Co.  "He's a welcome addition to our team."

Berk earned a bachelor's degree from Brooklyn College and holds his J.D. from Western New England College School of Law.  He is a licensed FINRA General Securities Registered Representative.

About Carl Marks Advisory Group LLC and Carl Marks Securities LLC

Carl Marks Advisory Group LLC, with offices in New York, Vienna, Va., Bedminster, N.J., and Charlotte, N.C., provides a wide array of investment banking and financial, operational and real estate 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 is the 2010 recipient of the Turnaround Management Association's Turnaround of the Year Award in the Large Company category.

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