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On the Move
Evercore Partners Inc. announces that Daniel A. Celentano has joined the firm's restructuring advisory practice as a senior managing director. He will be based in New York and join William Repko and David Ying in expanding Evercore's restructuring advisory business. Celentano was previously a senior managing director at Bear Stearns and formerly served as head of its Financial Restructuring Group. He advised clients across a broad range of industries on corporate restructuring projects while at Bear Stearns, including General Motors in the Delphi Chapter 11 case and will continue to advise General Motors while at Evercore.
Cadwalader, Wickersham & Taft LLP has named Deryck A. Palmer co-chairman of the firm's Financial Restructuring Department, joining colleague Bruce R. Zirinsky in managing the 65-member team of lawyers. Palmer concentrates his practice in the representation of debtors as well as creditors under Chapter 11, and has handled a wide variety of workout, corporate restructuring, and bankruptcy matters. He also has significant experience in Chinese commercial transactions and played a key role in advising on China's new bankruptcy code prior to its enactment into law, a development that is expected to open the Asian markets to even further adoption of Western finance techniques.
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