Ernst & Young (E&Y) has attracted a partner for its restructuring operations from rival firm PricewaterhouseCoopers (PwC) in a bid to strengthen its European market presence.

David Hargrave, who switched to Ernst & Young after 21 years with PwC, will chiefly be responsible for advising lenders in syndicated or complex restructuring deals.

Alan Bloom, E&Y global head of restructuring said he was ‘delighted” that Hargrave had joined the team of restructuring professionals.

‘He brings with him a strong market network and restructuring experience spanning the past two decades,’ he said. ‘I have no doubt he will make a difference to our practice.’

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