New York, NY, April 27, 2005 – Greenhill and Co., Inc. (NYSE: GHL) today announced that Mark Hootnick would join the Firm immediately as a Managing Director. Mr. Hootnick was previously a Managing Director with Miller Buckfire Ying, where he specialized in financial restructuring.
“We intend to increase our recruiting efforts to build up our restructuring capabilities in preparation for the potential increase in corporate defaults that credit market observers increasingly expect. Bringing Mark on board is an important step in that effort,” said Robert F. Greenhill, Chairman and CEO of Greenhill.
Mr. Hootnick, has been with Miller Buckfire Ying and its predecessor firms for 7 years, where he has worked for debtors, creditors and other interested parties on a wide variety of restructuring assignments, both in Chapter 11 and in negotiated out-of-court processes. He began his career as a lawyer with Kramer, Levin, Naftalis & Frankel.
Mr. Hootnick is a graduate of New York University School of Law and received his undergraduate degree in finance from Lehigh University.
Mr. Hootnick will join Harvey R. Miller, Vice Chairman of Greenhill, and Bradley A. Robins, a Managing Director of the Firm, as Greenhill partners leading its restructuring activities.
Separately, Greenhill announced that Michael A. Kramer, a Managing Director of the Firm, would leave the Firm shortly by mutual agreement, the terms of which are subject to documentation. Greenhill and Mr. Kramer agreed that he will continue to assist the Firm on certain current client engagements. In connection with Mr. Kramer`s departure, and in consideration for releasing Mr. Kramer from certain obligations he entered into at the time of the Firm`s initial public offering, the Firm will repurchase from him 800,000 shares of Greenhill common stock at a 33% discount to its market value during an agreed time period.
Greenhill & Co., Inc., founded in 1996, is a leading independent investment bank that provides financial advisory and merchant banking fund management services. It acts for clients located throughout the world from its offices in New York, London, Frankfurt and Dallas.