The big four accountancy firm KPMG is to rebuild a unit to advise on corporate restructurings just months after selling the UK’s largest insolvency advisory business for more than 350m.
Sky News has learnt that KPMG has appointed David Fletcher, a veteran in the UK restructuring market, as an associate partner in its deal advisory team.
Mr Fletcher’s appointment has raised questions in the sector about whether KPMG plans to build a full-service competitor to other major accountancy firms and independent players.
The sale of its UK restructuring arm, which came after months of talks with prospective buyers, resulted in a bigger-than-expected windfall for KPMG.
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