Todd Slotkin, a veteran financial executive, has been named Managing Director and Global Head of Alvarez & Marsal Asset Management Services, LLC, a newly-created business established to support a range of organizations in preserving, enhancing and marketing asset classes including loan portfolios, real estate and investments, among others. Alvarez & Marsal Asset Management Services, LLC is an independent affiliate of Alvarez & Marsal Holdings, a global professional services firm with a 30-year track record of maximizing asset value in connection with scores of business transformations. Elizabeth LaPuma, a Managing Director with Alvarez & Marsal and a former senior investment banker, joins Mr. Slotkin to build A&M’s asset management services on a worldwide basis. Both are based in New York.
“For decades, A&M has been involved in asset management in connection with the nature of our work to maximize value for stakeholders, bringing extensive and proven experience and credibility across the banking and financial services sectors,” said Bryan Marsal, Co-CEO of Alvarez & Marsal. “The formation of this dedicated group is a natural evolution of this expertise and fills a growing need in the marketplace created by the rapidly changing global financial and regulatory landscapes.
“Todd brings more than four decades of experience with major financial institutions and global private equity investors, having led transactions including acquisitions, corporate finance, loan syndication, buy- and sell-side M&A, asset and portfolio management and value creation,” he added. “We are delighted to welcome Todd Slotkin to our global family of professionals and businesses, and look forward to his leadership of our asset management business for the benefit of stakeholders around the world.”
Prior to joining A&M, Mr. Slotkin was Co-Founder and Managing Partner of Newton Pointe Partners, advising both private equity groups and management teams on acquisitions, divestitures and restructurings.
Previously, he was with Irving Place Capital Partners, a New York-based private equity firm. Mr. Slotkin served as Executive Vice President and Chief Financial Officer for MacAndrews & Forbes Holdings, Inc., a private holding company, where he executed more than 15 material acquisitions and divestitures. He was also the Chief Financial Officer for eight years of M&F Worldwide (formerly NYSE-MFW). In addition to his corporate finance responsibilities at MacAndrews & Forbes, he oversaw all operating company CFOs for finance, operations and strategies in enterprises ranging from consumer products (Coleman, Revlon). film and entertainment (Panavision, Deluxe) to biotech (TransTech Pharma, Siga), defense (AM General), financial institutions and services (CalFed, Harlan Clarke) and security guard services (Allied-Barton).
For more than 17 years earlier in his career, Mr. Slotkin worked at Citigroup (Citicorp). He served as Senior Managing Director of the Global Finance Sector, running Citigroup’s non-investment grade corporate finance businesses in Japan, Europe and North America. Previously, he served as Division Head of Leveraged Capital. He built and led the Leveraged Capital Group and also served as its strategic planner and Senior Credit Officer. He developed a buy / sell model for Citi’s leveraged buyout business which enabled Citi to underwrite and lead over $50 billion of syndicated credits.
Currently, Mr. Slotkin serves on the boards of the Apollo Tactical Income Fund (NYSE-AIF), Apollo Senior Floating Rate Fund (NYSE-AFT) and CBIZ, Inc. (NYSE-CBZ). He previously held directorships with Martha Stewart Living Omnimedia, Allied Security Holdings, TransTech Pharma and California Federal Bank. He serves as chair of Food Allergy Research & Education (FARE), a non-profit organization that funds clinics and education while focusing on research to cure food allergies. Mr. Slotkin earned MBA and undergraduate degrees from Cornell University.
A&M Managing Director Elizabeth LaPuma brings more than 15 years of investment banking experience in financial institution structuring, valuation and M&A. She has been involved in landmark financial institution transactions and assignments around the globe. Prior to joining A&M, she worked with BlackRock Financial Markets Advisory Group, where she was part of initiating the group’s client coverage model with responsibility for more than 30 of the largest financial institutions, including banks, insurance companies, private equity, hedge funds, specialty finance companies and financial regulators. In a leadership capacity she evaluated asset portfolios of the largest Greek banks on behalf of the IMF, ECB and EU, with primary responsibility for coverage of the largest banks. She also advised a group of 15 major financial institutions in claims against a monoline insurer as part of the multi-year restructuring of the public insurer among other projects. Earlier in her career, she worked at Lazard Freres & Co. in its financial institutions and restructuring groups. During the financial crisis, she worked on three of the ten largest bankruptcies. A graduate of the University of Pennsylvania, she holds an MBA from the Wharton School of Business.
A&M's announcement follows decades of successful asset management assignments, including A&M’s oversight of the historic wind-down of Lehman Brothers Holdings Inc. – a precedent-setting case in which A&M successfully managed and maximized the value of commercial real estate, residential mortgages, private equity and principal investments, corporate loans, derivatives and other long-term distressed and illiquid assets.