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CohnReznick Adds Eight Team Members to Restructuring and Dispute Resolution Practice

New York-based CohnReznick (FY19 net revenue of $653 million) has announced a major investment in expanding its restructuring and dispute resolution practice.

The firm has added eight industry veterans, including four partners, a managing director and three senior managers.

The senior members of the group are an already-established team joining the firm to expand and enhance debtor, creditor and fiduciary services across key industries, including financial services, health care, manufacturing, technology and not-for-profit.

The firm aims to help clients improve financial and operational performance in good times as well as prepare for the expected economic downturn.

Cynthia Romano, principal, will join Kevin Clancy to co-lead the practice. Romano has more than 25 years of experience in performance improvement, turnaround management, transaction support, and investment analysis. She will work from New York and Long Island offices in Jericho and Uniondale, N.Y. Romano is an expert in the industry, public speaker, writer and award winner.

Eric Danner, partner, is based in Boston and New York. He provides advisory services to publicly traded and privately held companies. Danner focuses on crisis management, as well as implementing turnaround business plans tailored to clients’ needs.

Antony Walker, principal, is based in Boston. He is experienced in financial and operational planning and execution, as well as turnaround and crisis leadership.

Chris Creger, principal, works from New York and New Jersey. He provides financial advisory, business restructuring and transaction support services. He has served the New York Turnaround Management Association in various roles and has won awards for his engagements.

In addition to these four principals/partners, the following professionals have also joined the CohnReznick team:

  • Debbie Hill, managing director
  • Jaime Angarita, senior manager
  • Molly Jobe, senior manager
  • Joonam Hwang, senior manager

Keith Denham, managing principal of CohnReznick Advisory, says, “For more than 20 years, CohnReznick has been a leader in helping organizations transform operations and maximize value. These eight award-winning advisors embody the collaborative, strategic approach CohnReznick is known for while enhancing our restructuring experience and capabilities in important industry segments.”

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CohnReznick Expands Financial Sponsors and Financial Services Practice

New York-based CohnReznick LLP (FY19 net revenue of $653 million) has expanded the leadership team of its financial sponsors and financial services practice through the admission of three professionals to its partnership group.

Joining CohnReznick are partners Gary Berger, Joshua Blumenthal and John Donovan.

Berger and Blumenthal are based in the firm’s New York office. Donovan is based in Los Angeles.

“Gary, Josh and John collectively bring a wealth of experience and underscore our commitment to building a best-in-class, forward-thinking team to meet the needs of clients in financial services,” says Jeremy Swan, MP of the practice. “Our practice continues to grow in the middle market hedge fund, private equity and alternative investment fund spaces.”

Together, these leading finance professionals bring decades of experience working in the alternative investments industry, including hedge funds, private equity funds, venture capital funds, and fund of funds.

CohnReznick’s financial sponsors and financial services practice has grown revenue by 30% and added more than 50 fund clients over the past year, the firm says. Key markets for the practice include Boston, Chicago, Los Angeles, and New York/southern Connecticut.

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CohnReznick Adds Four to Restructuring and Dispute Resolution Practice

New York-based CohnReznick LLP (FY18 net revenue of $623.7 million) has admitted three principals and one partner to its restructuring and dispute resolution practice.

Cynthia Romano, principal, will join Kevin Clancy to co-lead the practice. She is based in the New York and Jericho, N.Y., offices. Both are responsible for strategic growth, client relations, marketing and talent development. Romano has more than 25 years of experience in performance improvement, turnaround management, transaction support and investment analysis across a range of key industries.

Eric Danner

Eric Danner, partner, is based in Boston and New York, where he provides advisory services to publicly traded and privately held companies, serving a range of industries. With more than 20 years of experience, Danner focuses on crisis management, as well as implementing turnaround business plans tailored to clients’ specific needs.

Antony Walker, principal, is based in Boston. Walker has 30 years of experience in financial and operational planning and execution, as well as turnaround and crisis leadership. He serves clients across numerous major industries, including health care, hospitality, manufacturing, not-for-profit, retail and technology.

Chris Creger, principal, is based in New York and New Jersey. He provides financial advisory, business restructuring and transaction support services to corporations, debtors, bondholders, hedge funds, law firms, lending institutions, private equity firms, secured lenders, unsecured creditors and other constituents.

These seasoned financial and operational restructuring professionals are a valuable strategic addition, the firm announced. Collectively, they bring a wealth of experience with prior employment at numerous top firms, including Bain, BDO, CR3, CRG, Deloitte, Epiq, PwC and TRG. With the addition of these new partners, the practice is able to expand and enhance its national debtor, creditor and fiduciary services across key industries including financial services, health care, manufacturing and technology.

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CohnReznick Elects David Kessler Next CEO

David A. Kessler

David A. Kessler

New York-based CohnReznick LLP (FY18 net revenue of $623.7 million) announces that the partnership group has elected David A. Kessler to serve as its next CEO starting Feb. 1, 2020 at the completion of CEO Frank Longobardi’s term.

Kessler is a member of CohnReznick’s executive board and is currently the MP for the real estate practice, the firm’s largest industry practice, directing the strategies and overseeing operations for the affordable housing, commercial real estate, construction and tax credit groups.

He led CohnReznick’s commercial real estate practice for many years, building a strong national practice and reputation for the firm among developers, investors, private equity fund managers, REITs and other industry stakeholders.  He is actively involved with the firm’s advisory, assurance and tax practices.

Kessler previously served as the co-OMP of the firm’s Bethesda, Md., office, where he is based. Kessler is a home-grown leader who began his career at CohnReznick legacy firm Reznick Fedder & Silverman immediately after graduation from the University of Maryland. He has been with CohnReznick for more than 33 years.

Kessler frequently speaks on a variety of business topics at conferences throughout the U.S. and has developed and taught real estate accounting courses at Georgetown University and the University of Maryland.

“My goal is to build upon Frank’s outstanding leadership by continuing to distinguish CohnReznick as the firm with an inclusive environment to foster the careers of our people while providing state of the art solutions to help our clients achieve their vision for their businesses,” Kessler says.

Longobardi will continue in his role as CEO while working closely with Kessler during the transition. “As a highly skilled and experienced advisor, David’s approach to client service clearly demonstrates that being immersed in the issues and opportunities for your industry builds successful relationships and propels growth,” Longobardi says. “His vision for this firm is exciting and I am confident in his ability to lead CohnReznick’s next chapter of success.”

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CohnReznick Former Chairman and CEO Passes Away

Ken Baggett

Ken Baggett

Kenneth E. Baggett, former Chairman of the Board at New York-based CohnReznick, passed away, according to an announcement from the firm.

As co-CEO of CohnReznick and, later, Chairman of the Board, Baggett helped establish CohnReznick as a top national advisory, assurance, and tax firm and was instrumental in propelling its growth. For nine years, he served as managing principal and CEO of the CohnReznick predecessor firm Reznick Group, leading it to a top 20 national ranking among public accounting firms.

Much of his work focused on building and strengthening communities. As a trusted advisor to clients and colleagues alike, his technical knowledge and broad industry experience was matched by a warm sense of humor and deep compassion for others. His expertise encompassed a range of real estate and tax issues related to the development and structuring of multi-family and commercial ventures. He provided structuring advice to developers, builders, syndicators, investment banks, corporate investors, and housing finance agencies. He was also extensively involved with student and military housing development; advised clients on low-income housing tax credit issues; and represented numerous long-term healthcare facilities and clients involved with rehabilitation and revitalization projects. To say he was a luminary in real estate is not an overstatement.

Baggett earned many honors for his contributions to the accounting profession. In 2017, he was inducted into The Advisory Board’s “Winning Is Everything” Hall of Fame which recognizes leaders whose influence advances the CPA profession and leaves a legacy of innovation. He was consistently listed as one of the “Top 100 Most Influential Accountants” by Accounting Today and as one of the “Top 100 Most Influential Practitioners” by CPA Magazine. For three consecutive years, he was recognized by his peers as one of INSIDE Public Accounting’s five Most Admired Peers. He served as a past World Chair of the International Group of Accounting Firms (now PrimeGlobal). A proud and active alumnus of Auburn University, Baggett was recognized as one of the top 40 alumni in the last 40 years by its School of Business and was named an outstanding alumnus by the Auburn University School of Accountancy.

Baggett spent much of his career in Atlanta before retiring near his beloved alma mater in Auburn, Alabama. He served as president and board member of the Georgia Affordable Housing Coalition, served on the board of Government Transformation Initiative, and was president and board member of the Auburn University School of Accountancy Advisory Council.

He is survived by his wife Missy, his two sons Chris (Emily) and Cole (Montsé), and two beloved grandchildren, Polly and William. He leaves a legacy of innovation and community service that continues to inspire his CohnReznick family, industry colleagues, and friends.

Hughes Joins CohnReznick as Partner, Federal Market Leader

Bill Hughes

Bill Hughes

New York-based CohnReznick LLP (FY18 net revenue of $623.7 million) announced that Bill Hughes has joined CohnReznick as a partner and will serve as the firm’s federal market leader. In his new role, Hughes will lead the firm’s federal practice where he will be responsible for the strategic direction, growth strategy, client service, practice development, recruiting, marketing and all other aspects of practice operations.

Hughes has more than 26 years of public accounting and consulting experience providing financial statement audit, audit readiness and remediation, internal controls, and risk management solutions to federal agencies and the private sector. Based in CohnReznick’s Tysons, Va., office, he was most recently a partner at Guidehouse (formerly PwC Public Sector LLP).

“CohnReznick is honored to add Bill’s leadership and extensive professional and technical capabilities to our team of dedicated government auditing and financial management professionals,” says Frank Banda, CohnReznick’s MP – public sector. “His expertise and track record in implementing effective audit programs and robust systems of internal controls across numerous executive departments of the Federal Government enhances the firm’s ability to help agencies improve financial performance, optimize processes, and ensure taxpayer funds are spent efficiently, effectively and for their intended purpose.”

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CohnReznick Announces 23 New Partners

Frank Longobardi

New York-based CohnReznick (FY17 net revenue of $617 million) has admitted 23 professionals into its partnership ranks – the largest group of newly elected partners in CohnReznick’s history.

“Our 23 new partners have clearly demonstrated their ability to deliver world-class service to our clients, drive forward our firm’s vision and strategy, and contribute to CohnReznick’s growth goals,” said Frank Longobardi, CEO of CohnReznick. “We congratulate them and look forward to their ongoing success in the years ahead.”

The newly elected CohnReznick partners are:

Stephen V. Alimonti – Boston
Joseph A. Arnone – New York
Ian Brodie – Bethesda, Md.
Seth Cohen – New York
Scott E. Damiecki – Bethesda, Md.
William J. Delsa Jr. – Atlanta
Christopher Gaeta – Eatontown, N.J.
Marisa Garcia – New York
Mohamed Ghattas – Los Angeles
Christopher Griffin – Bethesda, Md.
Karen Harris – Baltimore
Brian F. Hickey – Hartford, Conn.
Sean Holloway – Sacramento, Calif.
Helana Huddleston – Chicago
Paul Jhung – New York
Sunil Madray – Jericho, N.Y.
Ryan Mills – Atlanta
Matthew Radford – Bethesda, Md.
Jason C. Rocker – New York
Robert Ryan – Tysons, Va.
Shaune Scutellaro – Eatontown, N.J.
Jeffrey L. Shapiro – Tysons, Va.
Lori Rothe Yokobosky – Roseland, N.J.

CohnReznick Announces Senior Leadership Appointments

Gary Levy

New York-based CohnReznick (FY17 net revenue of $617 million) has made key leadership appointments.

Gary Levy has been named chief strategy and growth officer, reporting to Frank Longobardi, CEO. Levy is responsible for driving profitable growth and ensuring world-class client service as well as heading up strategic alignment across CohnReznick’s industries, geographies and practices. He also oversees marketing and business development. He most recently served as MP of the consumer, hospitality and manufacturing practice.

Phil Mandel has been named chief operating officer, also reporting to Longobardi. Mandel will focus onoperational efficiency and “translating strategic vision into action.” Mandel has 30 years of leadership, accounting, auditing, tax and consulting experience. A member of the firm’s executive board, he served for three years as CohnReznick’s regional MP for the Northeast.

Phillip Mandel

Cindy McLoughlin has been named MP of the consumer, hospitality and manufacturing practice. She is responsible for leadingstrategy, driving growth and developing services and industry-specific solutions for the practice. She will continue as leader of CohnReznick’s hospitality practice. McLoughlin has more than 20 years of experience, including specialization in SEC audit requirements for public companies and audit services for large and private equity-backed hospitality portfolio companies.

Alan Wolfson has been named regional MP for the Northeast, and will report to the CEO. He leads growth strategy and management for the region, including management of clients, employees and financial strategy as well as direct oversight of the region’s seven OMPs. A member of the executive board, Wolfson was previously OMP of the New York office.

Tama Huang

Jay Levy has been named OMP of the firm’s headquarters in New York. He is responsible for driving revenue and growth for office and for setting strategy that ensures client service excellence. He also serves as financial services industry leader. Levy has more than 35 years of audit, tax and consulting experience, working with an array of financial services clientele.

“Growth, innovation and developing our people are core to our firm strategy and to our brand promise of helping clients achieve their vision,” says Longobardi. “Gary, Phil, Cindy, Alan and Jay each bring to their new roles a clear and inspiring vision for elevating our success in those key areas.”

In addition to these appointments, CohnReznick previously announced that Tama Huang has joined the firm as its first chief innovation officer.

CohnReznick to Serve as Presenting Sponsor for MLB’s Winter Meetings

New York-based CohnReznick (FY17 net revenue of $617 million) announced that the firm will present coverage of the Major League Baseball’s winter meetings – across all of MLB’s media platforms.

The Major League Baseball Network will produce 45 hours of coverage of the winter meetings in Las Vegas.

As part of the collaboration with CohnKeznick, MLB Network will produce a new series, Business of Baseball, the firm announced, “which will explore the strategic issues franchises tackle on and off the field, such as enhancing the fan experience or leveraging data and analytics.”

The series began this week with MLB’s first general manager roundtable conversation with Alex Anthopoulos (Atlanta Braves), Rick Hahn (Chicago White Sox), Dayton Moore (Kansas City Royals) and Mike Rizzo (Washington Nationals), moderated by MLB Network host Brian Kenny and analyst and former GM Dan O’Dowd.

Excerpts from the discussion will be featured in a one-hour show at 8 p.m. ET on Saturday, Dec. 8. “Baseball is more than a game, it’s a business built on a foundation of strategy and leadership. That is why we are proud to support this unique content, taking fans behind the scenes to understand the business side of America’s pastime,” said Frank Longobardi, CEO of CohnReznick.

Interviews with club managers and general managers, insights into club strategy and player analysis from MLB Network’s Mark DeRosa, Kevin Millar, Dan Plesac and Harold Reynolds will be featured across programming and social content from the Mandalay Bay resort, beginning with MLB Tonight at 8 p.m. ET on Sunday, Dec. 9. Each of MLB Network’s offseason studio shows will air live on-site from Monday, Dec. 10 through Thursday, Dec. 13.

CohnReznick Names Duffany MP of Tax Practice

Patrick Duffany

Patrick Duffany

New York-based CohnReznick (FY17 net revenue of $617 million) named Patrick Duffany the new MP of the firm’s tax practice. Duffany succeeds Kenneth Kanter who is retiring.

Duffany previously led CohnReznick’s state and local tax and national tax consulting practices. Based in the Hartford, Conn., office, he has more than 25 years of public accounting experience.

In the wake of the tax cuts and jobs act, Duffany will direct CohnReznick’s efforts in helping clients effectively deal with the intricacies of the new tax laws. His experience includes providing strategic tax planning and compliance services across a broad range of clients and industries.

“We congratulate Patrick on his new role as CohnReznick’s tax leader. His enormous wealth of tax and accounting experience, along with his vision, track record, and leadership skills, will enable him to successfully lead our tax teams and clients through the opportunities and challenges of an ever-changing tax landscape,” says Frank Longobardi, CEO.

“In my new role, I will continue providing the quality, relevant and timely services that drive growth for our clients by leveraging the talents of our tax professionals and building our firm’s capabilities,” says Duffany. “Through technological innovation, and by collaborating with our clients and our audit and advisory practices, I am committed to uncovering new opportunities to drive efficiency, deliver value and more effectively manage risk.”