Duff and Phelps has announced the expansion of its valuations advisory services with the appointment of Marcus Morton and Albert Maass.
They will join as managing directors in the firm’s London practice.
Morton will focus specifically on the financial services sector within the valuation service team, and brings with him over 25 years of experience in investment banking.
He joins Duff and Phelps from KPMG, and has a background in valuation opinions, operating models, risk management, cost transparency, control frameworks and compliance.
He previously worked at Goldman Sachs, Nomura, J.P. Morgan and Barclays, as well as spending several years as the senior risk officer for a large investment fund.
Maass will join the firm’s financial instruments and technology (FIT) unit, focusing on institutional investors and asset managers with illiquid portfolios worldwide
He has worked in risk and investment management for over three decades across the UK, America and Asia. He moves from his role as managing director at Edelscourt Ltd., where he worked as a risk management expert to asset managers, risk management specialists and research firms.
He was previously head of alternative investments and risk capital allocation at Shinsei bank in Japan, and advisor to the chief operating officer and chief risk officer of Aflac in the U.S. and Japan.
Michael Weaver, managing director and head of Valuation Advisory EMEA at Duff and Phelps, said: “We’re delighted to have Marcus and Albert join our ever-expanding team of valuation experts in the UK.
“The growth of the Financial Instruments and Technology service line will allow us to respond to ongoing changes to standards and regulations our clients are facing to continue to thrive in today’s market environment.”