Tue, Feb 20, 2007

Duff & Phelps Opens a Paris Office

Duff & Phelps, one of the world's leading independent financial advisory firms, has announced the opening of a new office in Paris, France as part of its continued European expansion. 

Yann Magnan has joined the firm as a Managing Director to open and lead the Paris office. He has more than 11 years of experience, advising clients on international transactions, corporate finance and related valuation matters, including business valuations, intangible asset valuations, tax valuations and transaction advisory

Mr. Magnan joins Duff & Phelps from Ernst & Young France where he was the Southwest Europe leader for the Valuation & Business Modeling practice. While at Ernst & Young France, Mr. Magnan performed numerous purchase price allocations and asset impairment tests for purposes of both IFRS and U.S. GAAP. Mr. Magnan was responsible for developing financial reporting valuation expertise at Ernst & Young France and was involved in firm-wide working groups on those issues. 

Mr. Magnan graduated with a Diplom-Ingenieur degree in Engineering from the École Centrale Paris. He has presented numerous lectures on valuation-related topics in France and abroad. 

Kleon Phili, Managing Director in charge of Duff & Phelps' international operations, said, ''Since the implementation of IFRS in 2005, EU listed companies are required to obtain valuations of tangible and intangible assets and businesses relating to mergers and acquisitions, goodwill impairment testing and the issuance of employee stock options. This has increased the demand for valuation services globally and has led to the opening of our Paris office. As a leading independent financial advisory firm, Duff & Phelps is uniquely qualified to assist companies with their valuation and financial reporting needs.'' 

Gerard Creagh, President of Duff & Phelps, said, ''I am very excited about the opening of our fifth European office. We remain committed to building a global footprint to meet the local country requirements of our clients.'' 

''The opening of our Paris office and the addition of Yann furthers our European presence and underscores our commitment to building our scale globally,'' said Noah Gottdiener, Chief Executive Officer of Duff & Phelps. 

About Duff & Phelps
Duff & Phelps is one of the world's leading independent financial advisory firms serving client needs in the areas of valuation, investment banking, transaction advice, and dispute consulting. Duff & Phelps is the foremost provider of industry focused, independent and objective valuation insight and advice. Services include financial reporting and tax valuation, transfer pricing, real estate and fixed asset services, merger and acquisition advisory, financial restructurings, fairness and solvency opinions, due diligence and dispute consulting. Investment banking services are provided by Duff & Phelps Securities, LLC, an NASD registered broker-dealer. With more than 800 employees serving clients worldwide through offices in the United States, Europe and Asia, Duff & Phelps committed to delivering insightful advice and service of exceptional quality, integrity and objectivity. For more information, visit www.duffandphelps.com. 

Media Contact: 
Sherri Saltzman 
+1 973 775 8329 
[email protected]

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