Greenhill establishes financing advisory and restructuring group

By Devika Patel

Knoxville, Tenn., March 6 - Greenhill & Co., Inc. said the current economic environment has led it to expand its advisory services to assist clients in debt restructurings.

To this end, the firm has hired two senior bankers in New York and London, who will be part of Greenhill's new financing advisory and restructuring group.

Ken Goldsbrough most recently worked four years at GE Capital, where he led a team providing debt and equity to European telecom, media and technology companies. Prior to this, he spent 16 years at Banque Paribas and previously worked at Dresdner Kleinwort Benson and Standard Chartered.

Andrew Kramer was previously head of restructuring for the Americas at UBS. He also has worked at Credit Suisse. In addition to his experience in restructurings, he has significant experience in leveraged finance, equity and mergers and acquisitions.

"The continued market turmoil is increasingly causing companies to seek independent advice on financing matters. This can range from advice on potential financing and refinancing opportunities to advice on major restructurings, including in bankruptcy. These senior additions, combined with the resources we already have committed to this area and further additions we expect to make, position us to be a major player in what is sure to be a wave of complex refinancings and restructurings that will last for years to come," chairman Robert F. Greenhill said in a press release.

Greenhill is a New York-based independent investment bank.

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