Alvarez & Marsal (A&M) announced that Julie Hertzberg, a Managing Director with the firm’s Restructuring & Turnaround practice and head of the Case Management Services division, was appointed President of INSOL International (INSOL), the world-wide federation of national associations of accountants and lawyers who specialize in turnaround and insolvency. Hertzberg is the first woman to serve as INSOL’s President.

Hertzberg brings her significant international insolvency experience and credentials complemented by her commitment to promoting diversity within the international insolvency community. Currently, women account for about a third of the practitioners in the restructuring and insolvency profession and comprise 25 percent of INSOL’s membership.

Hertzberg, who trained as an attorney, specializes in complex Chapter 11 bankruptcy restructuring case preparation and management. She has more than 20 years of restructuring experience and has advised hundreds of bankruptcy proceedings.

“Alvarez & Marsal is committed to maximizing value for clients around the world. Julie exemplifies the values, professionalism and dedication that A&M and INSOL share. We are proud of Julie’s achievements at A&M and her contributions to INSOL. We applaud her vision to promote diversity within the insolvency community,” said Bryan Marsal, Chief Executive Officer and Co-Founder of A&M.

“Julie is an accomplished professional who has contributed significantly to INSOL and its initiatives over many years,” said Jason Baxter, Chief Operating Officer of INSOL International and a member of its Board of Directors. “It is an interesting time for INSOL and there are external challenges that it must respond to. I believe that Julie is the right President to help ensure the organization delivers what its members value, and what its stakeholders expect.”

“I am committed to strengthening INSOL and leading the needed transitions to maintain the organization’s relevance in the restructuring and insolvency community,” Hertzberg said. “My key priority is diversity; namely, generating greater interest from young professionals and increasing the number of women in leadership positions in the industry.”