Grant Thornton UK has appointed Stuart Quickenden, former managing companion at Boston Consulting Group, as its new chairman, whereas selling David Mountjoy to companion to guide the agency’s monetary modelling workforce.
Each strikes mark a major reshaping of management on the UK mid-tier accountancy agency following the sale of a majority stake to personal fairness group Cinven.
Quickenden, who can also be chairman of Octopus Investments, brings strategic advisory expertise and governance experience to Grant Thornton because it continues its post-private fairness transition.
His appointment comes practically 9 months after the UK companions accredited Cinven’s funding, which valued the agency at round £1.5bn.
Grant Thornton audits quite a few FTSE 350 corporations, whereas its restructuring division is concerned within the administration of Greensill Capital, which has been linked to the liquidation of Speciality Steels UK.
Quickenden’s management is anticipated to information the agency by a interval of market consolidation and personal fairness affect in skilled providers.
In the meantime, David Mountjoy, who joined Grant Thornton in 2013, has been promoted to companion and can now lead the monetary modelling workforce. He brings twenty years {of professional} providers expertise, together with 15 years specialising in monetary modelling.
Mountjoy will oversee work spanning transactions, fundraising, strategic planning, restructuring, insolvency, and valuations. His promotion underscores the agency’s give attention to increasing technical capabilities and supporting shoppers navigating complicated market circumstances.
Tomas Freyman, UK chief for valuations and modelling, stated Mountjoy’s elevation displays Grant Thornton’s dedication to creating homegrown expertise whereas strengthening advisory providers.
Mountjoy famous that sturdy monetary fashions are more and more important amid financial volatility, permitting companies to evaluate dangers and potential outcomes with better precision.
Grant Thornton UK, which employs over 5,000 professionals serving greater than 40,000 companies, is a part of a world community of 76,000 individuals throughout 150 nations.
These management strikes sign a continued funding in each strategic oversight and technical excellence, enhancing the agency’s capability to assist shoppers and keep its place slightly below the Huge 4 within the UK audit and advisory market.
