Cerberus Hires Allen Ukritnukun as Head of European Corporate Distressed Trading and Investing

NEW YORK and LONDON, December 20, 2011 /PRNewswire/ --

Cerberus Capital Management, L.P. ("Cerberus") today announced that Allen Ukritnukun has joined the Firm as head of European Corporate Distressed Trading and Investing. Mr. Ukritnukun will be based in London and will manage a team focused on European and Asian distressed investing, including financials, sovereign debt and structured credit.  He will also have responsibilities across Cerberus' U.S. corporate distressed debt and global trading businesses.  

Prior to joining Cerberus, Mr. Ukritnukun was a London-based Managing Director at Goldman Sachs within Global Credit, responsible for European private distressed trading and investing.

"Allen is a key addition to our strong and growing business platform in Europe, and we are thrilled that he has agreed to join our team," said Mark Neporent, Chief Operating Officer of Cerberus. "Since Cerberus' founding, the firm's hallmark has been its ability to invest successfully in complex markets. We are confident that Allen's vast experience in the European distressed markets will be a major asset to our team in the months and years ahead."

"Cerberus has a first-rate reputation among investors," added Mr. Ukritnukun. "As the opportunities in the global distressed sector continue to increase in complexity, Cerberus' extensive experience in financial and operational restructurings across different industries and jurisdictions will be a key differentiating factor. Cerberus holds a uniquely strong position in my areas of focus, and I am looking forward to working with this impressive team."

About Cerberus Capital Management, L.P.

Established in 1992, Cerberus Capital Management, L.P., together with its affiliates, is one of the world's leading private investment firms, with more than US $20 billion under management. Through its team of investment and operations professionals, Cerberus specializes in providing both financial resources and operational expertise to help companies achieve full market value and to support long-term success and value creation. Cerberus is headquartered in New York City with affiliate and/or advisory offices in the US, Europe and Asia.