FRP Advisory, the business advisory firm, has appointed Chad Griffin as a new partner to be based in Scotland.
Griffin has 26 years of restructuring and insolvency experience across the full range of corporate situations, including cross-border restructurings and many UK mid-market restructurings and insolvencies.
His sector experience includes oil and gas, offshore marine, renewables, retail, construction, manufacturing, real estate, IT and leisure and features high profile cases such as the Iona Energy CVA and restructuring, Xcite Energy liquidation and sale, Sea Trucks liquidation, the Debenhams administration and the insolvency of Pride Dundee.
Griffin said: “I am delighted to be joining the FRP Advisory team in Scotland and look forward to playing a key role developing and growing the practice. I have gained a great deal of valuable restructuring and insolvency experience in many sectors and am keen to help businesses and advisers tackle some of the serious financial challenges that lie ahead.
“The financial help from the Government has bought some time, but the months ahead are going to be increasingly fraught.”
He added: “The Oil and Gas sector for example is likely to face a difficult period with businesses having to deal with the low oil price and the impending financial pressures. Unfortunately, in the second half of the year we are likely to see a rise in the number of companies across the Scottish economy facing serious financial issues and needing urgent support.”
Tom MacLennan, partner with FRP advisory in Scotland, added: “The team in Scotland warmly welcomes Chad as our fourth partner in Scotland at a key point in the development of the business. He is well-known in the Scottish insolvency market and has taken a lead role in many high-profile cases. His skills and experience will complement our business and will position us well to meet a steady growth in demand for our expertise.”