Kuwait-based Global Investment House has appointed Orhan Osmansoy as head of its $600 million distressed asset-management business.
In his new role, Osmansoy will lead the special situations asset-management business at Global, dealing with distressed assets and restructuring, reported Bloomberg.
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Most recently, Osmansoy served as CEO of The National Investor. Previously he severed as managing partner at Dexter Capital Group.
The bank’s special-situations arm will offer advisory and management services for other companies undertaking restructuring or looking to exit distressed assets.
