Duff & Phelps Opens a New Office in Munich
New York (ots/PRNewswire)
Duff & Phelps, one of the world's leading independent financial advisory firms, is pleased to announce the opening of a new office in Munich, Germany as part of its continued global expansion.
Dr. Christian Aders has joined Duff & Phelps as a Managing Director to head the Munich office. Dr. Aders was previously a Partner at the corporate finance department of KPMG in Munich. He brings a wealth of experience in financial reporting and tax valuation, intangible asset valuation, fairness opinions, merger advice, value based management, value analysis of business plans and corporate strategies. Dr. Aders is a Certified EFFAS Financial Analyst and received his Diplom-Kaufmann and his Doctor degrees from Ludwig-Maximilians-Universitat Munich where he teaches as a visiting lecturer on business valuation. In addition Dr. Aders is a member of the Society of Investment Professionals in Germany (DVFA) and of the International Association of Consultants, Valuers and Analysts (IACVA) Germany.
In conjunction with the new office opening, Duff & Phelps will consolidate its office in Dusseldorf, Germany, with the Munich location. Frank Bollmann, Managing Director of the Dusseldorf office and a specialist in financial reporting valuations, will relocate to Munich. The newly combined German office will concentrate on providing financial reporting and tax valuation, transfer pricing, real estate and fixed asset services, investment banking, corporate finance and transaction advisory services to companies across a variety of industries and to private equity funds.
Kleon Phili, Managing Director in charge of Duff & Phelps' international operations, said, "Since the introduction of new IFRS in 2005, there is an increasing need for our services in Europe. Listed companies are now required to obtain valuations of tangible and intangible assets and businesses relating to mergers and acquisitions, goodwill impairment testing and the issuance of employee stock options. This, in addition to the convergence of IFRS and U.S. GAAP towards fair value reporting, has increased the demand for valuation services globally and has led to the opening of our Munich office. As a leading independent financial advisory firm, Duff & Phelps is uniquely qualified to assist European companies with their valuation and financial reporting needs."
Noah Gottdiener, Chief Executive Officer of Duff & Phelps, said, "Duff & Phelps continues to expand by adding strategically to all of our offices around the globe. I am very excited that Christian has joined Duff & Phelps to open our new office in Munich, and believe that his background and experience will be extremely valuable to our European clients."
About Duff & Phelps
Duff & Phelps, LLC is one of the world's leading independent financial advisory firms serving client needs in the areas of valuation, investment banking and transaction advice, and dispute consulting. We are the foremost provider of industry focused, independent and objective valuation insight and advice. Our services include financial reporting and tax valuation, transfer pricing, real estate and fixed asset services, merger and acquisition advisory, fairness and solvency opinions, due diligence and dispute consulting. With more than 700 employees serving clients worldwide through offices in the United States, Europe and Asia, Duff & Phelps is committed to delivering insightful advice and service of exceptional quality, integrity and objectivity. For more information, visit http://www.duffandphelps.com.
Media Contact:
Sherri Saltzman
+1-973-264-2329
Sherri.Saltzman@duffandphelps.comWeb site: http://www.duffandphelps.com
Contact:
Sherri Saltzman of Duff & Phelps, +1-973-264-2329,
Sherri.Saltzman@duffandphelps.com