Alvarez & Marsal Adds Real Estate Services to its Offering in Greece with the Hire of a Leading Senior Executive
Leading global professional services firm Alvarez & Marsal (A&M) announced that George Mantzavinatos has joined its Athens office as a Senior Director to develop its Real Estate Advisory Services.
Mr. Mantzavinatos brings more than 20 years of experience in real estate having held management and leadership roles in the real estate arms of two of the systemic banks in Greece and in real estate firms. Mr. Mantzavinatos has successfully completed numerous real estate transactions for international and domestic clients.
Prior to joining A&M, he served as Managing Director at Doha Properties, a Doha, Qatar-based boutique real estate advisory and investment company. Mr. Mantzanvinatos has also held the role of Deputy General Manager for Real Estate at the National Bank of Greece, where he was part of the team that established NBG Pangaea Real Estate Investment Company, cited as the largest Real Estate Investment Company (REIC) in Greece. Earlier in his career, Mr. Mantzavinatos served as the Deputy General Manager for Real Estate at EFG Eurobank Ergasias S.A., leading the operations in Greece, Romania, Bulgaria, Serbia, Poland, the Ukraine and Cyprus.
Peter Briggs, global practice leader of A&M’s Financial Industry Advisory Services practice, said,
“George’s extensive real estate experience in Greece and internationally complements our existing Financial Industry Advisory Services and corporate restructuring offering, allowing us to meet the evolving needs of both banks and borrowers.”
Marios Koliopoulos, country head for Alvarez & Marsal in Greece, added,
“The addition of Real Estate Services to our offering in Greece is a critical component of our strategy to offer integrated and complete solutions to our clients by proactively managing individual or portfolios of non-performing loans and/or real estate owned assets. George’s extensive real estate sector knowledge in Greece and Southeast Europe combined with his transactional experience expands our capabilities and further highlights our commitment to Greece and the broader SEE region.”
Mr. Mantzavinatos added,
“I am delighted to join A&M and to be part of a growing global firm. Real estate is the most common type of security in Greece, whether in the form of mortgage loans, estimated at €80 billion, or collateral for business loans which are estimated to be in excess of €100billion. I am looking forward to amplifying A&M’s existing financial industry advisory and corporate restructuring capabilities and helping the firm’s clients proactively manage their assets which in most cases will include a real estate component. ”
A&M formally established an office in Athens in 2011, having been active in the Greek market for many years prior in connection with corporate restructurings and debt restructurings in the financial sector.
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