Grant Thornton UK has announced the strengthening of its insolvency and asset recovery offering through the promotion of Colin Diss to partner in the team.
Diss has been with the firm for over 15 years, having first joined its graduate scheme in 2005. He is a licensed insolvency practitioner and has played a “leading role” in building the firm’s insolvency and asset recovery team.
According to Grant Thornton, he has a particular focus on the development, financing and execution of enforcement and asset recovery strategies, and specialises in the use of international insolvency techniques as a tool to trace and recover assets.
In addition, Diss has experience in breaking structures and recovering assets from a range of global jurisdictions including the Middle East, the Caribbean, USA, India, Hong Kong, Cyprus and Switzerland.
He has also played an “integral” role in the development of the Asset Recovery Fund, a unique joint venture partnership established to provide bespoke financing for complex asset recovery and enforcement claims.
In his new role, Diss will focus on further expanding the firm’s offering in areas including judgment enforcement and the work out of non-performing loans, focusing geographically on the UK, Middle East and the Caribbean offshore financial centers.
Diss said: “I am truly excited to be joining the Grant Thornton partnership as I continue to expand the firm’s fantastic and well-established Insolvency and asset recovery team.
“With ongoing global economic and political uncertainty, our clients are frequently encountering asset tracing and recovery challenges which need the local-market insight and multi-disciplinary expertise that our team of leading specialists can provide.”
Kevin Hellard, head of insolvency and asset recovery, Grant Thornton UK, added: “I’m delighted to announce that Colin has been promoted to partner. His promotion demonstrates the firm’s continued investment and commitment to growing our Insolvency and asset recovery practice.
“A practice that brings together a talented group of partners who work closely with our clients and act as specialists across the major onshore and offshore financial centers. We continue to invest in the practice and know that Colin’s expertise will only help to strengthen the firm’s client offering.”