KPMG HAS ANNOUNCED three new global leaders for insolvency, financial restructuring and turnaround.
The three new senior heads: Richard Heis; Angel Martin; and Mark Radden will jointly lead its global restructuring practice.
Richard Heis, currently the interim global head of restructuring, will now lead KPMG’s global insolvency practice. Angel Martin has been named the global head of financial restructuring and Mark Radden was appointed the global head of turnaround.
Leif Zierz, global head of deal advisory at KPMG, said: “With continued economic and geo-political uncertainty, now is the right time to appoint three heads to jointly lead our global restructuring team. Fundamentally, the appointments of Richard, Angel and Mark will enable us to focus more deeply on these core parts of our offering, allowing more specific strategies and propositions.”
The news comes as Brexit has driven the promotion of over 40 partners and 108 directors at KPMG including most recently a new head of equity capital markets.
Heis was appointed as interim head in March 2016 and is considered as one of the world’s leading corporate restructuring experts, specialising in complex international restructurings. He has recently worked, using the post-Lehman new insolvency and resolution regimes, on cases such as MF Global, Alpari (UK) and Dunfermline Building Society.
Martin has led some large restructurings in Europe such as Metrovacesa, FCC, Prisa, Pescanova, and more recently Abengoa. He was also appointed for the biggest insolvency case in the history of Spain, Martinsa Fadesa. In 2007, Martin was named head of restructuring for KPMG in Spain and has since been named head of restructuring for the EMA region in 2012.
Raddan joined KPMG’s restructuring practice in 1999 and has since worked on high profile assignments across Europe, the US and the Middle East, in varied sectors. Since becoming a partner in 2010, he has played a key role in growing the turnaround team.
The current KPMG UK turnaround team has over 60 professionals.
Andrew Howson joins the firm from EY, bringing experience in advising private equity and corporate clients across multiple sectors in the UK and Europe
Dennis Layton takes up the position on April 1 and will contribute to the firm’s goal of becoming the leading global professional services organisation by 2020
Richard Cartwright becomes the new head, taking over from incumbent head of office David Lemon
Brian Burke, business development director, has moved within the firm to 'develop Quantuma’s networks with Sussex professional firms'