It emerged in February last year that KPMG partners Kieran Wallace and Eamonn Richardson, best known as the joint liquidators of Irish Bank Resolution Corporation , and Deloitte partners Ken Fennell, Mark Degnan and James Anderson were leaving the respective firms to set up Interpath Ireland.
While Mr Anderson subsequently decided to remain with Deloitte, a total of 10 former employees of the firm and 18 former KPMG staff have joined Interpath Ireland. Mr Fennell joined the company late last year after working out his notice period, with his previous roles as joint liquidator of the Irish arm of failed German payments group Wirecard, Stobart Air and commercial interior fit-out contractor Sonica transferring with the move.Mr Wallace and Mr Richardson joined the firm at the start of this month.
The firm’s insolvency practitioners have won a number of wind-up and receivership roles in the past six months, including liquidation work at Cork-based, blockchain-based trade finance network Marco Polo Network Operations and Limerick construction contractor Roadbridge.Interpath Advisory was established in May 2021 as KPMG in the UK sold its corporate restructuring business to private equity firm HIG Capital for more than £350 million .
Blair Nimmo, chief executive of Interpath Advisory, told The Irish Times last year that he expected the Irish practice to have 120 staff within its first three to four years in business.
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