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.
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'
Stephen Mills joins the Manchester office from IBM, where he spent 12 years as an associate partner in the data, analytics and cognitive consulting group