RSM TENON partners have left the firm to start up their own niche insolvency firm.
Partners Paul Ellison, Robert Keyes and Gareth Roberts have left the firm along with three other members of the corporate recovery team to set up KRE Corporate Recovery.
The three partners originally joined RSM Tenon in 2007 when it acquired their niche practice HMT Corporate Recovery.
Keys, Roberts and Ellison have been based in the Reading office of RSM Tenon since the acquisition.
Although Ellison concedes KRE will compete with their former firm, he claims the decision to move was “amicable”.
The trio were bound by contractual obligations restricting them from leaving RSM, which ended this year.
“We had our own business and it was good to move and sell at the time. However, myself and the two other partners want to go back to working in a small independent practice,” said Ellison.
KRE Corporate Recovery is due to open on 1 November and will compete with RSM Tenon’s Reading and Marlow corporate recovery practices.
Political and economic uncertainty behind the fall in confidence
The new team will begin their new roles on May 9, 2017 for a year term
Harrison Beale & Owen will (HB&O) have a new chairman and managing director at the helm for 2017
Satvir Bungar promoted to managing director in the mergers and acquisitions team