Woodbridge Group has established a new distressed situations division to be led by Kevin S. Tierney, of Workout Solutions, who has been appointed its president.
Mr. Tierney has represented all forms of debtor or creditor parties since 1970, working through special situations. The first 17 years of his career were spent in commercial banking until 1987 when he went into private practice. He concluded his banking career as the founder and president of two bank subsidiaries. Tierney also served as head of credit policies and procedures and was responsible to the board of directors and federal regulators for the identification and line accountability for the resolution of all special situation assets. -Market Wire
