Smith has worked in the business recovery for 17 years, building his reputation at Clearing Banks and from a number of high-profile fraud cases including that of Asil Nadir, the founder of Polly Peck.
He joins Grant Thornton’s existing 160-strong corporate recovery team with immediate effect.
Mark Byers, head of recovery and reorganisation at the firm said: ‘We are delighted to have secured the services of Daniel Smith. His appointment will add even more depth to our team’s expertise and will play an important role in the further development of Grant Thornton’s reputation and expertise within the industry.’
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies