Butterworth, 32, was previously director of the European corporate finance division at banking group UBS Warburg, specialising in telecommunications and corporate finance.
He will take on his new position at a difficult time for the corporate finance sector. Last month, a survey by Accountancy Age showed that corporate finance deals had nose-dived.
Statistics revealed the total value of deals worked on by the large accountancy firms in the first six months of the year had tumbled by more than 60%.
And with the news of job cuts looming throughout the industry, the outlook is grim – commentators do not see an upturn until the beginning of next year.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.