KPMG HAS STRENGTHENED its turnaround practice with the hire of Anne Davies and Lee Swinerd.
Davies retired from KPMG‘s restructuring practice at the end of last year and returns to the role of chief restructuring officer. Swinerd was previously based in the firm’s US offices and joins as director.
Richard Fleming, KPMG’s UK head of restructuring, said: “Formal administration appointments have been far more subdued than expected in this downturn, with companies and their creditors seeking solvent solutions to distress.
“Our latest research has shown that turnaround has been increasingly used as a way of curing corporate stress. Indeed our own turnaround practice has doubled revenues in the past three years and its ambition is to double the figure again in the next three years. To this end, these appointments will be an important beefing up of our turnaround team’s capacity.”
Colin responds to the call for 'Darwinism' in accountancy
A new partner, Dermot Callinan, has joined Saffery Champness from KPMG where he was recently the head of the UK private client advisory team
John Mendes has been appointed partner in the City of London office at MHA MacIntyre Hudson
Jon Maile has been promoted to partner in the South East as the head of audit at Grant Thornton