Houlihan Lokey announced a reorganization of its senior management ranks. Co-CEO Scott Beiser will continue as CEO, as Jeff Werbalowsky, his partner in the role for the last ten years, will join Robert Hotz, Co-Head of Corporate Finance, as one of the Firm's Co-Chairmen. In addition, Irwin Gold will move from his present role as Co-Chairman to Executive Chairman, and Scott Adelson, Co-Head of Corporate Finance, and David Preiser, Chairman of the Firm's European operations, will become Co-Presidents.

Beiser, Gold, Adelson and Preiser will form an Office of the Executives to address the Firm's strategic and operational issues going forward.