Carl Marks Advisors introduced that Stephen Funnell has been promoted to Vice President, whereas Matthew Dowell has joined the agency, additionally as Vice President.
“Over the previous yr, Stephen has confirmed to be an essential contributor to the expansion of our restructuring enterprise and a trusted adviser to purchasers,” stated Keith Daniels, Managing Companion of Carl Marks Advisors. “We congratulate him on his elevation to vp and sit up for persevering with to leverage his experience and perception.”
Funnell joined Carl Marks Advisors in 2022, bringing deep expertise offering monetary and operational advisory providers to distressed corporations specializing in evaluation, valuation, and liquidations. Funnell works intently with purchasers spanning a broad vary of industries, together with producers, retailers, shopper merchandise corporations, and oil and fuel companies, working with homeowners, administration groups, non-public fairness teams, lenders, and traders.
“Because the enterprise continues to broaden, we’re additionally dedicated to bringing aboard top-notch restructuring professionals to enhance our capabilities,” added Daniels. “To that finish, we’re thrilled to welcome Matthew Dowell to the staff and sit up for collaborating with him as we develop the enterprise and supply the counsel our purchasers must navigate the challenges they’re dealing with.”
Dowell is a talented skilled with broad monetary advisory expertise specializing in legal responsibility administration transactions throughout a wide range of industries, together with oil and fuel, industrials, retail, transportation, telecommunications, and healthcare. Earlier than becoming a member of Carl Marks Advisors, he was a restructuring funding banking affiliate at Guggenheim Companions.
Along with the promotion of Funnell and extra of Dowell, Carl Marks Advisors additionally introduced hiring two analysts, Alan Gutman and Nicholas Pizzulli, to the corporate’s rising M&A observe. Gutman holds a Bachelor of Science in Finance from Rutgers College and Pizzulli holds a Bachelor of Science in Finance from The George Washington College. M&A, significantly working with family-owned and intently held corporations, has develop into a core energy of the agency. “We proceed to see vital progress in our M&A efforts, regardless of the general market surroundings,” stated Evan Tomaskovic, Managing Companion of Carl Marks Advisors. “We’re excited to have Alan and Nick on board as we proceed our M&A progress.”