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Ascend CEI Member Cindy Ma Appointed to the Technical Standards Board of the IVSC

Thursday, November 17, 2011   (0 Comments)
Posted by: Juan Percy
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Houlihan Lokey Managing Director Appointed to the Technical Standards Board of the International Valuation Standards Council

We are pleased to announce that Dr. Cindy Ma has been appointed to the board of the International Valuation Standards Council (IVSC). Michel Prada, Chairman of the IVSC Board of Trustees, welcomed the appointment saying:

"The IVSC is committed to bringing about consistency in the understanding and development of valuation practices globally and I am delighted that such distinguished professionals are prepared to help realise this goal. Greater quality and reliability in the valuation process is vital for reducing investment risk, adding confidence to financial reporting and providing a consistent approach to portfolio and asset valuation.”

Dr. Ma is a Managing Director in Houlihan Lokey's New York office where she serves as Co-Head of the Portfolio Valuation & Advisory Services practice. She specializes in illiquid and complex securities valuation and is a member of the firm's Technical Standards Committee.

The full press release is included below. If you would like to learn more about Houlihan Lokey's Portfolio Valuation & Advisory Services practice or any of our other capabilities, please contact your Houlihan Lokey representative or Dr. Ma directly.

Contact

Cindy Ma, Ph.D., CFA
Managing Director
Co-Head of Portfolio Valuation & Advisory Services
CMa@HL.com
212.497.7970


INTERNATIONAL VALUATION STANDARDS COUNCIL ANNOUNCES NEW BOARD MEMBERS

November 14, 2011 -- The International Valuation Standards Council (IVSC) has today announced new appointments to its Boards, following its 2011 AGM which took place in Hong Kong on 5 November.

Frank Vettese, incoming Managing Partner & Chief Executive, Deloitte Canada, and a member of the Deloitte Global Executive Committee, has been elected to the IVSC’s Board of Trustees. Frank is a member of the Canadian Institute of Chartered Business Valuators, the American Society of Appraisers and the Canadian Institute of Chartered Accountants.

Joining Frank as a new IVSC Trustee is Akihiro Watanabe. Akihiro is founding partner of GCA and of its predecessor company, Global Corporate Advisory. He has over 25 years of experience in providing M&A advisory services both in Japan and overseas.

The IVSC Board of Trustees has also appointed new members to the IVSC’s Technical Boards. Dr. Cindy Ma, Managing Director and Co-Head of the Portfolio Valuation & Advisory Services practice, Houlihan Lokey, New York, joins the International Valuation Standards Board. Chris Mercer, founder and CEO, Mercer Capital Management, Texas, USA, and Professor Nick French, Dept. of Real Estate and Construction, Oxford Brookes University, UK, join the International Valuation Professional Board.

Greg Forsythe, Director in the Business Valuation practice of Deloitte Financial Advisory Services, will move from Vice-Chair to Chair of the Professional Board. Roy Farthing, Valuation and Business Modelling Partner, Ernst & Young, Australia, will become the new Vice-Chair.

Michel Prada, Chairman of the IVSC Board of Trustees, welcomed the new appointments saying:

"The IVSC is committed to bringing about consistency in the understanding and development of valuation practices globally and I am delighted that such distinguished professionals are prepared to help realise this goal. Greater quality and reliability in the valuation process is vital for reducing investment risk, adding confidence to financial reporting and providing a consistent approach to portfolio and asset valuation.”.

About Houlihan Lokey

Houlihan Lokey is an international investment bank with expertise in mergers and acquisitions, capital markets, financial restructuring, and valuation. The firm is ranked globally as the No. 1 restructuring advisor, the No. 1 M&A fairness opinion advisor over the past 10 years, and the No. 1 M&A advisor for U.S. transactions under $1 billion, according to Thomson Reuters.Houlihan Lokey has 14 offices and more than 800 employees in the United States, Europe and Asia. The firm serves more than 1,000 clients each year, ranging from closely held companies to Global 500 corporations. For more information, visit www.HL.com.

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