High profile new partner joins Grant Thornton Corporate
Recovery
Thursday 10 January 2007
Grant Thornton continues to strengthen its corporate
recovery team with the appointment of a highly experienced new
Partner, Martin McGrath.
McGrath joins the firm after a high profile international
career, including 17 years in Canada, where he served as both
Managing Partner of KPMG Consulting Ltd (later rebranded as
BearingPoint Inc) and Managing Director of Jefferson Wells
International (acquired by ManPower), in addition to several
other senior roles during this time.
McGrath, who is a recent recipient of the Queens Medal of
Canada, has also held senior positions within IBM, including
General Manager of the IBM Canada business unit for the public
sector and healthcare, and later as Partner with Arthur Andersen
Consulting and Arthur Andersen LLP, where he had responsibilities
for managing a cross disciplinary practice of corporate finance,
restructuring, advisory and internal audit services.
As Corporate Advisory Partner, McGrath will play a leading role
in building and managing Grant Thornton's corporate restructuring
offering both in the UK and internationally. This is part of wider
drive by Grant Thornton International to become one of the world's
leading corporate recovery and reorganisation providers. The firm
is on the fast track to achieving this, with 175 restructuring and
insolvency partners and more than 1000 industry professionals
already providing services in 51 member and correspondent firms
internationally.
The firm has also developed significant sector specialism on an
international scale, with extensive experience within industries
including automotive, healthcare, retail and financial services.
Recent UK-led assignments with an international aspect include the
administration of Bell Leisure (parent of Esporta leisure group
with £375m of debt), Basis Capital Yield Alpha Fund ($1.0 billion
hedge fund) and Forsyth Partners ($1.2bn fund manager).
According to McGrath, Grant Thornton's lack of conflicts and the
firm's industry position means it is uniquely placed to become the
market leader in offering restructuring solutions to help clients
address market challenges, stakeholder expectations and cash and
capital constraints before they become a threat.
McGrath said; "The firm's ability to provide multi-disciplinary
experienced teams is also a distinct advantage in helping clients
implement financial and organisational solutions that can adapt to
changing local and global economic conditions."
McGrath is also a recognised authority on Public Private
Partnerships (PPP) and government restructuring, and has been
recognised for his contributions to federal reform by the Prime
Ministers of Canada and Belgium, and the Deputy Prime Minister of
China.