“Everyone who was a leveraged finance banker and has lost their job is now calling themselves a debt adviser,” mused a cynic in the leveraged finance market last month. But given the number of ex-bankers now joining existing advisers or setting up on their own there is a grain of truth in the comment.
The growing number of agency brokers now establishing themselves (see Boutiques: Independents’ day, Euromoney April 2009) are being joined by independent debt advisory firms specifically targeting the anticipated wave of turnaround and restructuring business that will come from the corporate debt binge of recent years.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
