Alvarez & Marsal's Julie Hertzberg named president of Insol

Julie Hertzberg, a managing director at consulting firm Alvarez & Marsal, has been appointed president of Insol International, the worldwide federation of national associations of accountants and lawyers specializing in turnaround and insolvency. She is the first woman to be appointed to the position.

Insol is currently composed of over 44 member association, with over 10,500 turnaround and insolvency-focused professionals counting themselves as members of the international organization. The industry association performs research into turnaround and insolvency issues, lobbies governments on behalf of its members to influence favorable policies and international codes, takes a lead role in international educational matters pertaining to turnaround/insolvency, and facilitates knowledge exchange through conferences and publications.

Insol has now appointed Julie Hertzberg as its first woman president. Hertzberg has been a managing director in Alvarez & Marsal’s restructuring & turnaround practice and head of the Case Management Services Group since 2006. Trained as an attorney, she specializes in Chapter 11 bankruptcy case preparation and management, and has worked across hundreds of bankruptcy proceedings – including high-profile engagements like Lehman Brothers and Blockbuster. She has more than 20 years of experience in restructuring.“Julie is an accomplished professional who has contributed significantly to INSOL and its initiatives over many years,” Jason Baxter, COO of Insol International and a member of its board of directors, said. “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.”

As president, Hertzberg will be tasked with promoting diversity within the international insolvency community. Women comprise only about one-third of practitioners in the segment, and only 25% of Insol’s membership base.

“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.”