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change. The firm brings a powerful combination of expertise and capital to clients, developing customized solutions on an integrated or standalone basis across four service areas: valuations, dispositions, operations, and investments. Whether to fuel growth or facilitate strategic consolidation, Gordon Brothers partners with companies in the retail, commercial, and industrial sectors to put assets to their highest and best use. Gordon Brothers conducts more than $70 billion worth of dispositions and appraisals annually. Gordon Brothers is headquartered in the U.S., with 25 offices across five continents.
degree from Tulane University in New Orleans, LA. PNC Business Credit is the senior secured lending division of PNC Bank, N.A., and its subsidiaries and a part of The PNC Financial Services Group, Inc. PNC (NYSE: PNC) is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking, including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.
Marc S. Price to Lead PNC’s Growing Commitment to Retailers PNC Bank, N.A., announced the appointment of Marc S. Price, senior vice president, to head a newly established retail finance unit for PNC Business Credit. With more than 20 years of commercial finance leadership experience, Price will oversee PNC’s growing commitment to this specialty vertical. He will be based in Boston, MA, and report directly to Peter Mardaga, western division executive. “As the retail industry undergoes unprecedented transformation, there is increasing demand for flexible capital to fuel changing business models,” said William Kosis, group executive of PNC Business Credit. “Expanding our long-established lending presence with retail firms under Marc’s leadership is an important growth opportunity for our company.” Price most recently served as cohead of Monroe Capital’s retail vertical, having previously been co-founder and leader of originations for Salus Capital Partners. He holds a bachelor
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David Peress Named to New Leadership Role as Executive Vice President, Hilco Retail Services Hilco Global announced that it has named David Peress to the new position of executive vice president – Hilco Retail Services, effective immediately. In this newly created position, Peress will provide critical oversight and coordination among all Hilco retail valuation and monetization client teams and collaborate closely with the leadership at Hilco Merchant Resources and Hilco Valuation Services. Peress adds this new role to his existing responsibilities at Hilco Streambank, where he and his partners have continued to grow and expand Hilco’s intellectual property practice in exciting new ways. Jeffrey B. Hecktman, CEO - Hilco Global indicated that the new role was developed to “further demonstrate Hilco’s commitment to deliver innovative retail solutions and optimized results for our retail clients, their advi-
sors, lenders and investors at a time of great change in the sector.” Hecktman added, “David takes on this new responsibility in recognition of his outstanding reputation in the retail lending and IP marketplace where he is known for his expertise as a successful dealmaker and thought leader.” As EVP of Hilco Retail Services, Peress will be responsible for supporting and building the overall Hilco Global retail valuation and monetization platform, with an emphasis on four critical service areas: (i) Intellectual Property Valuation, (ii) Inventory Valuation, (iii) Field Exam and Audit, and (iv) Asset Monetization. In each of these areas Mr. Peress will play a pivotal role in the coordination and delivery of holistic retail solutions with a mandate to leverage the entire Hilco Global retail platform to its fullest extent. From a business development standpoint, and in collaboration with Hilco’s existing business development teams across its retail platforms, Peress will be actively working with the retail lending and investment community, including private equity sponsors, strategic and financial advisors, attorneys and retailers. Peress said, “I’m excited to add this new role to my current responsibilities at Hilco Streambank. As retail lenders and investors continue to adapt to the dramatic changes taking place in the marketplace, we are committed to delivering innovative thought leadership and best in class retail valuation services to our long-time retail client relationships as well as developing new relationships in the retail finance sector.” Hilco Global (www.hilcoglobal.com) is an independent financial services company and the world’s preeminent authority on helping businesses maximize the value of their assets. Hilco Global is considered a world class