Gordon Brothers Group, a global advisory, restructuring and investment firm specializing in the retail, consumer products, industrial and real estate sectors, announced today that Frank Grimaldi has been promoted to National Sales Manager of the firm’s Valuation & Advisory Services Division, effective October 1st.

Mr. Grimaldi will lead the business development efforts for the Valuation & Advisory Services Division and will assume many responsibilities of Steve Sigel’s, Co-President of Gordon Brothers Group’s Valuation & Advisory Services Division.  After 12 years overseeing business development for the Valuation & Advisory Services Division, Mr. Sigel will be retiring at the end of this year.

"Frank has been a key contributor to our business development team since he joined the firm in 2011," stated Mr. Sigel.  “I am confident that Frank will be successful in this new capacity and continue to grow the business,” he added.

"I am excited to build on the foundation that Steve has established for the Valuation & Advisory Services Division’s business development team,” said Mr. Grimaldi. “I look forward to this next step in my career at Gordon Brothers and supporting the firm’s plans for the future,” he added.

Prior to joining Gordon Brothers Group, Mr. Grimaldi worked in the asset based lending industry where he oversaw work-out situations and business development initiatives.  In addition, Mr. Grimaldi’s past experience includes the origination of investment opportunities and management of assets for a New York-based hedge fund.

Mr. Grimaldi is a member of the Commercial Finance Association and the New York Institute of Credit.  He is the Treasurer of the New York Chapter of the Turnaround Management Association and was recently appointed a Trustee of the National Board of the Turnaround Management Associations. He holds a BBA from Hofstra University.