Alvarez & Marsal (A&M) US has
appointed Klaus Kretschmann as a managing director and member of
the executive committee of real estate advisory services.

Kretschmann responsibility will be to serve as
national practice leader for distressed real estate and
receivership services.

Kretschmann has 25 years of real estate and
capital markets experience, particularly as a receiver for real
estate assets.

“Klaus will enable us to expand our real
estate practice to include a distinctive receivership and advisory
platform to maximise recovery for real estate lenders, developers,
owners and operators,” A&M’s global head of real estate
advisory services practice Michael Camp said.

Kretschmann was previously with Cushman &
Wakefield, a commercial real estate brokers and consultants.

His appointment follows A&M’s recent
expansion of its real estate advisory services based in London.