Houlihan Lokey Hires Howard Steinberg to Lead Its Global Tax Restructuring Practice

Rhea-AI Summary

Houlihan Lokey (NYSE:HLI) announced that Howard Steinberg has joined as Managing Director and Global Head of Tax Restructuring within its Financial and Valuation Advisory business. Steinberg, with 33 years at KPMG, was the Global Head of Restructuring, Tax, and Legal. His expertise includes advising on significant M&A transactions and distressed situations. This leadership addition aims to strengthen Houlihan Lokey's M&A tax and restructuring advisory services, enhancing its offerings to global clients. Steinberg holds a B.A. from Wharton and an MBA from Columbia.

Positive

• Howard Steinberg's extensive experience in restructuring and M&A can enhance Houlihan Lokey's advisory capabilities.
• Steinberg's leadership is expected to strengthen the firm's global tax services, attracting more clients.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- Houlihan Lokey (NYSE:HLI), the global investment bank, announced today that Howard Steinberg has joined the firm as a Managing Director and Global Head of Tax Restructuring within its Financial and Valuation Advisory business. He is based in New York.

Mr. Steinberg joins following a 33-year distinguished career at KPMG, most recently as Global Head of Restructuring, Tax, and Legal for KPMG International, where he led tax structuring and due diligence services for global corporate and financial clients. Prior roles at KPMG also include serving as Partner in Charge for both the M&A Tax and Tax Restructuring Services groups at KPMG U.S. Over the course of his career, he has advised on numerous multibillion-dollar M&A transactions and high-profile distressed situations, including many of the largest and most complex bankruptcies and out-of-court restructurings in U.S. history.

“We could not be more delighted that Howard has joined our firm,” said Drew Koecher, Global Co-Head of Financial and Valuation Advisory at Houlihan Lokey. “Howard and I have worked together extensively during the past 20 years. His tax expertise and extraordinary track record in many of the largest global restructurings and M&A transactions, several alongside our leading Financial Restructuring team, is well known. Howard is the perfect addition to our rapidly growing M&A tax and restructuring advisory teams as we continue to expand the scope of tax services we provide to our global client base. Howard’s leadership, team values, and commercial focus on exceptional client outcomes make for an excellent cultural fit with Houlihan Lokey.”

“I’m thrilled to join Houlihan Lokey and help further establish the firm as a global leader in tax advisory,” said Mr. Steinberg. “The opportunity to team on M&A and restructuring transactions with our leading global financial restructuring, capital markets, and corporate finance colleagues is tremendous. I look forward to leading the development of our global and U.S. restructuring tax teams and building on the impressive momentum that Houlihan Lokey has achieved in this practice to date,” he added.

“As we strive to continuously enhance the suite of services Houlihan Lokey delivers to its clients, Howard’s deep expertise in a wide range of distressed situations will be beneficial to our Financial Restructuring clients around the world. We are excited to partner with him and add this expertise to our market-leading platform,” said David Hilty, Global Co-Head of Houlihan Lokey’s Financial Restructuring Group.

Mr. Steinberg holds a B.A. from The Wharton School of the University of Pennsylvania and an MBA with distinction from Columbia University. He is also a licensed CPA in New York and a Certified Insolvency and Restructuring Advisor (CIRA).

About Houlihan Lokey

Houlihan Lokey (NYSE:HLI) is a global investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm serves corporations, institutions, and governments worldwide with offices in the United States, Europe, the Middle East, and the Asia-Pacific region. Independent advice and intellectual rigor are hallmarks of the firm’s commitment to client success across its advisory services. Houlihan Lokey is the No. 1 investment bank for all global M&A transactions, the No. 1 M&A advisor for the past seven consecutive years in the U.S., the No. 1 global restructuring advisor for the past eight consecutive years, and the No. 1 global M&A fairness opinion advisor over the past 20 years, all based on number of transactions and according to data provided by Refinitiv.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220606005392/en/

Investor Relations

212.331.8225

IR@HL.com

Media Relations

John Gallagher

917.331.1580

PR@HL.com

Source: Houlihan Lokey

FAQ

Who is Howard Steinberg and what role has he taken at Houlihan Lokey?

Howard Steinberg has joined Houlihan Lokey as Managing Director and Global Head of Tax Restructuring, bringing over 33 years of experience from KPMG.

What are the implications of Steinberg's appointment for Houlihan Lokey (HLI)?

Steinberg's appointment is expected to enhance the firm's advisory services in M&A and tax restructuring, potentially attracting more global clients.

What previous experience does Howard Steinberg have before joining HLI?

Before joining Houlihan Lokey, Steinberg was the Global Head of Restructuring, Tax, and Legal at KPMG, advising on major M&A transactions and restructurings.

How might Howard Steinberg's expertise impact Houlihan Lokey's operations?

Steinberg's expertise is likely to improve Houlihan Lokey's tax advisory services, particularly in distressed situations and complex M&A deals.