Seabury Adds 10 New Professionals to Consulting Practice

NEW YORK, January 10, 2008 – Seabury today announced that it has added 10 new professionals to its consulting practice and promoted five Senior Analysts to Associates. The consulting practice focuses on strategy, operational improvements and major operational turnarounds for the aviation, aerospace, cargo and other transportation industries.

“We are very pleased to welcome this group of individuals to the firm,” said Joseph Schottland, Managing Director and head of Seabury’s strategy and operational consulting practices. “Considering their varied backgrounds in both management consulting and the aviation industry, I am confident that each will add substantial value to the firm and, more importantly, to our clients.”

• Karaca Kestelli joined the firm as a Vice President. He has more than 10 years of consulting experience in a range of industries, with expertise in turnaround projects, supply chain optimization, strategy development and operational improvement. Prior to joining Seabury, Mr. Kestelli was an Engagement Manager at McKinsey & Company and was instrumental in developing its operational practice. He subsequently founded his own practice, which predominantly focused on increasing throughput and reducing costs in manufacturing environments. He holds an M.B.A. from the University of Rochester.
• Jesko Neuenburg joined Seabury as a Senior Associate. He was formerly a consultant at Bain & Company. Mr. Neuenburg holds a Ph.D. in Entrepreneurship from the University of Aachen, Germany.

Four new Associates joined the firm: Leo McAfee, a recent graduate of Harvard Business School; Pascal Chouinard, formerly of Pratt & Whitney; Tej Mehta, formerly of Thales Avionics; and David Pearson, formerly of Marsden Jacob Associates. Two new Senior Analysts with experience at The Transportation Group and Airbus, and two Analysts also joined the firm.

Seabury also promoted five Senior Analysts to Associates. They are: Merrick Brown, formerly of Mercer Management Consulting; Ian Glover, who had been with DaimlerChrysler; Matthew Harris; Farmey Joseph, formerly with McKinsey & Company; and Nicole Harsch, previously with Bain & Company.

About Seabury's Transportation & Aerospace Group

Seabury’s Transportation & Aerospace Group is the leading independent investment banking and advisory group serving aviation, aerospace, cargo and maritime on a global basis whose practices fit broadly into three areas: investment banking, corporate transformation/restructuring and management consulting services.

Seabury's transportation and aerospace professionals have advised over 150 clients worldwide spanning over 300 engagements in aviation, aerospace, cargo/logistics and maritime sectors. Seabury has been lead advisor and investment banker for 8 of the 10 largest airline financial or operational turnarounds around the globe in the last 15 years, and more than $10 billion successful equity and debt capital raises for those airlines (by far the leading banker globally for such situations), including the three largest equity raises ever completed for restructuring airlines (i.e., Air Canada, Northwest Airlines and US Airways). Today, more than 90% of Seabury’s client work is non-restructuring-related and more than 75% of it is outside the U.S.

Contact: Karen C. Cook
Director of Communications
kcook@seaburygroup.com
+1 212 475 8132