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News and Information Article
NEW YORK, Oct. 4 // -- Duff & Phelps, one of the worlds
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 worlds 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
(973) 264-2329
Sherri.Saltzman@duffandphelps.com
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