Patrick Lagrange of Carl Marks Named Chairman of Turnaround Management Association

NEW YORK, Jan. 20 /PRNewswire/ -- Patrick Lagrange, a managing director at Carl Marks Advisory Group LLC (CMAG), has been named chairman of the Turnaround Management Association (TMA) for 2010. In 2009, Lagrange served a one-year term as president of TMA, the premier professional corporate renewal and turnaround association.

As the newly elected chairman, Lagrange's responsibilities will include chairing meetings of TMA's board of directors and serving on the association's Executive and Operations committees. Lagrange will also function as the principal host of the three major TMA international conferences in 2010, including the upcoming Las Vegas conference (January), as well as the New York (April) and Orlando (October) conferences.

"The chairman serves as TMA's primary external representative for its membership and, to this end, helps foster awareness of the association, its mission and its activities," Lagrange explained. "I look forward to another year of working with the TMA leadership team and staff, as well as our members, who – as leading professionals in the field – have important roles in the recovery of our financial system and economy. The association, itself, is charged with the critical task of promoting awareness of our profession and the stringent standards we uphold in day-to-day business."

With more than 20 years of experience in the restructuring industry, Lagrange brings both insight and real-life knowledge of the turnaround marketplace to his position as TMA chairman.  He has worked with a variety of businesses in both the United States and Canada. At CMAG, he is responsible for financial restructuring, private debt finance and mergers and acquisitions services. He also serves as CEO of the firm's broker/dealer affiliate, Carl Marks Securities LLC.

About Carl Marks Advisory Group LLC and Carl Marks Securities LLC

Carl Marks Advisory Group LLC, with offices in New York, Vienna, Va., Bedminster, N.J., and Charlotte, N.C., provides a wide array of investment banking and financial and operational advisory services to the middle market, including mergers and acquisitions advice, sourcing of capital, financial restructuring plans, strategic business assessments, improvement plans and interim management.

Carl Marks Securities LLC, based in New York, assists its clients in executing private placements of debt and equity. The firm is a member of FINRA and SIPC. Additional information about Carl Marks Advisory Group LLC and Carl Marks Securities LLC is available at www.carlmarks.com.

SOURCE Carl Marks Advisory Group LLC