In response to huge demand from companies for assistance in underperforming and distressed situations, KPMG has appointed one partner and three directors to its restructuring team.
Lukas Fecker joins as a partner from Alvarez & Marsal where he held Chief Restructuring Officer, CEO and Chairman of the Board roles. He also brings significant transaction and strategy consulting experience from his tenures at Accenture and Monitor Group.
Jon Slatkin joins as a director following a successful stint as ‘Turnaround CEO’ for Titan Outdoor, the fourth largest outdoor advertising firm in the UK, and more than eight years at AlixPartners. He specialises in helping private equity sponsors transform underperforming portfolio companies by providing hands-on financial, operational and commercial assistance.
Matt Johnston joins as a director following six years with AlixPartners, where he led high profile engagements and played a leading role in the restructuring of Southern Cross Healthcare. He is both a seasoned turnaround advisor and experienced executive / CFO.
Duncan Calverley joins as a director from AlixPartners, where he worked on company turnarounds. Prior to AlixPartners, Duncan was at Ernst & Young where he worked on complex insolvencies and restructurings such as Energis and My Travel.
KPMG now boasts a dedicated team of 20 senior professionals who are focused exclusively on company-side work and able to take both executive and advisory roles.
Richard Fleming, UK Head of Restructuring at KPMG, commented:
“As the world continues to be a difficult place for companies to navigate, so our services continue to be in high demand. It is a testament to the strength of our recent work that we have been able to attract such an impressive calibre of professional. Restructuring situations are sensitive; stressful for the company directors and unnerving for the many stakeholders in the business - be they employees or the communities within which they operate or indeed politicians. It is vital that we have the best people to work side by side with companies as they seek to tackle the complex and difficult problems presented by financial distress.”
Roger Bayly, Head of Turnaround and restructuring partner at KPMG, added:
“We are thrilled to be adding such an array of senior talent to our market leading company-side turnaround practice. Having recently assisted clients in some of the highest profile turnarounds across more than 20 different countries, we are growing our team from a position of strength. These additions reinforce our ability to help underperforming and distressed companies drive critical improvements to their liquidity, operations and financial position either as advisors or hands-on executives.”
For further information please contact:
Sorrelle Cooper, KPMG – 020 7694 8527 / firstname.lastname@example.org
Notes to Editors:
KPMG LLP, a UK limited liability partnership, is a subsidiary of KPMG Europe LLP and operates from 22 offices across the UK with over 11,000 partners and staff. The UK firm recorded a turnover of £1.7 billion in the year ended September 2011. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. We operate in 150 countries and have 138,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. KPMG International provides no client services.