LOS ANGELES - Investment bank Houlihan Lokey, Inc. (NYSE:HLI) has announced an upcoming change in its leadership, with Scott Adelson set to take over as Chief Executive Officer, succeeding Scott Beiser. The transition, approved by the firm's Board of Directors on March 1, 2024, will take effect on June 10, 2024.
Scott Beiser, who has steered the company since 2003, will continue his association with Houlihan Lokey as a Co-Chairman. Adelson, currently Co-President and Global Co-Head of Corporate Finance, has been credited with significant contributions to the firm's growth, particularly in building the Corporate Finance business.
In conjunction with these changes, Eric Siegert, Global Co-Head of Financial Restructuring, will join the executive management team as Co-Chairman, alongside Beiser and the current Executive Chairman, Irwin Gold. David Preiser will transition from his role as Co-President to Vice Chairman, while maintaining his involvement with the firm.
During his tenure, Beiser has been instrumental in transforming Houlihan Lokey from a smaller valuation firm into a prominent independent investment bank. He expressed confidence in Adelson's ability to lead the firm's continued growth and commitment to delivering client success.
Adelson, in accepting the new role, emphasized the firm's culture, values, and people as key to its industry standing. He expressed pride in the collective achievements and his anticipation of further developing the firm's global brand and business segments.
Houlihan Lokey, renowned for its mergers and acquisitions, capital markets, financial restructuring, and advisory services, holds a leading position in global M&A transactions and has been recognized for its advisory excellence across various rankings by LSEG (formerly Refinitiv).
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