McCorquodale relocates to Scotland

KPMG veteran David
McCorquodale has relocated to Scotland from where he will continue as European
head of consumer and industrial markets in the firm’s corporate finance division
as well as looking for more Scottish deals.

McCorquodale has been with KPMG for 24 years and was best known in Scotland
for his work on deals such as Dawson International’s sale of Pringle and the
refinancing of Deep Sea Leisure, the Scotsman reports.

He believes he now has enough international contacts to enable him to be
based anywhere, selling overseas businesses for Unilever and BAT, many of which
have been cross-border deals.

McCorquodale, who retained his family home in Scotland while working from
London, said KPMG’s corporate finance division was holding up well in a
generally slow market: ‘Most of the investment banks are down 50% on last year,
entirely due to the credit crunch. Last year was a record for us and we are now
about 15% off,’ he said.

Further reading:

the Scotsman story

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