Restructuring & Recovery division announces North American and Central / Eastern European presence

London, Smith & Williamson, the financial services group with significant expertise in restructuring and recovery within Europe has established a joint venture with CRG Partners, a leading turnaround and restructuring services firm. CRG Partners has eight offices in the US, including New York, Boston, Los Angeles, Dallas, Chicago, Atlanta, and Bethesda, besides an office in Vienna, Austria.

"Through CRG Partners, Smith & Williamson will substantially increase its access to North American resources. This will further our ability to serve our clients with a broader array of consulting services," said Stephen Cork, Head of Restructuring & Recovery at Smith & Williamson.

Michael Epstein, a Managing Partner of CRG Partners said: "We will continue to meet the ever-increasing demand of both our North American clients' overseas activities as well as the activities of our European-based clients."

Smith & Williamson and CRG Partners each offers a comprehensive suite of restructuring services including turnaround consulting, interim management, crisis management, performance improvement and financial restructuring and advisory services. Both firms focus on developing and implementing operational and financial initiatives to maximise the value of under-performing companies.

About Smith & Williamson's Restructuring & Recovery division:

Smith & Williamson is an investment management, accountancy and financial services group which operates from ten key UK locations with offices overseas. Our restructuring and recovery team has a market-leading reputation built upon innovation and performance. New offices have been opened in the British Virgin Islands and the Cayman Islands as part of our commitment to providing offshore expertise. Our clients include leading European banks, overseas financial institutions and corporates with the asset value of the assignments up to £16 billion.

About CRG Partners:

CRG Partners provides operational and financial restructuring services, specializing in creating value for the stakeholders of underperforming companies. CRG Partners offers superior leadership and expertise of the restructuring process while collaborating with clients' management teams to quickly identify, develop and implement effective solutions that yield sustainable results. CRG Partners has offices in Atlanta; Bethesda; Boston; Charlotte; Chicago; Dallas; Los Angeles; New York; and Vienna, Austria.

U.K. Media Contact:

Smith & Williamson Press Office

Kate Harrison / Alison Hayman tel 020 7131 4228 / 4138

Kate.harrison@smith.williamson.co.uk
Alison.hayman@smith.williamson.co.uk

U.S. Media Contact:

Sarah Michael
CRG Partners
sarah.michael@crgpartners.com

310-954-8757

Smith & Williamson Limited Regulated by the Institute of Chartered Accountants in England and Wales for a range of investment business activities. A member of Nexia International, a worldwide network of independent accounting firms.