Houlihan Lokey Set to Help Troubled Nations Manage Debt.

Houlihan Lokey Inc., an investment bank, is launching a practice to advise governments on managing sovereign debt. David Gadmer, formerly of Lazard Inc., has joined Houlihan's Paris office to lead this new initiative. The bank's entrance into the sovereign restructuring sector follows a trend of other firms hiring former Lazard bankers. Houlihan aims to deepen its expertise and expand its reach in emerging-market countries by advising governments and state-owned entities on their debt. [Extracted from the article]