The mid-tier firm has announced that Duncan Clubb will join its national business restructuring team this week as a partner.
Mr Clubb, a former restructuring director at EY, has 17 years’ experience in delivering restructuring advisory services, including a three-year secondment to the EY office in London during the height of the GFC , where he was involved in formal and informal assignments.
He then spent 18 months on secondment to the workout team of BankWest where he managed a large and diverse portfolio of troublesome and impaired assets.
BDO Sydney managing partner Grant Saxon said Mr Clubb’s appointment comes as the firm sees an increased demand for restructuring services.
“Despite a fairly sedate market for traditional insolvency work, BDO has seen an upturn in the number of complex matters, turnarounds and consulting engagements for businesses facing financial stress,” said Mr Saxon.
“Duncan brings significant business expertise and complex restructuring knowledge to the firm. He’s very effective in working with key stakeholders to identify and achieve common goals in distressed situations.
"Duncan’s areas of expertise include, investigations, refinancing, monitoring and portfolio reviews and he has worked across a number of sectors including, healthcare; construction and property development; hospitality; retail and agriculture."
Mr Clubb will be based in Sydney, with the team led by Andrew Sallway.
Jotham Lian is the news editor of Accountants Daily, the leading source of breaking news, analysis and insight for Australian accounting professionals.
Before joining the team in 2017, Jotham wrote for a range of national mastheads including the Sydney Morning Herald, and Channel NewsAsia.