The Real Deal Miami

Deloitte beefs up distressed asset practice with new appointee

March 16, 2010 12:00PM

Financial services firm Deloitte has appointed Guy Langford, a 20-year company veteran, to head up its U.S. distressed asset and debt practice, according to the company. The move is in conjunction with Deloitte’s plan to augment its distressed asset practice, as more investors angle for opportunities in the down market. “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,” Langford said. “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.” TRD