FRP Advisory has announced it has expanded its London-based restructuring advisory team with two new senior hires.
Dan Conway joined as a partner from the Financial Conduct Authority (FCA), while Tom Berry joined as a director from UK Government Investments (UKGI).
Together, the firm said they bring a combined 40 years’ public and private sector experience.
Conway – a chartered accountant and qualified insolvency practitioner – spent the first 18 years of his career in audit, assurance and restructuring roles.
This included leading the corporate streamlining and liquidation advisory team at one of the UK’s top 10 accountancy firms and a two-year secondment to Barclays Bank as part of the remediation programme providing redress to customers who were mis-sold interest rate hedging products.
At FRP he will focus on supporting regulated financial services firms, their advisers and the FCA with restructuring advisory services.
Berry also began his career in audit at one of the UK’s top 10 accountancy firms before moving to a big four firm in 2006.
“n 2008 he joined this big four firm’s corporate restructuring group, working on major cases beginning with the insolvency of Woolworths and the regulatory response to the global financial crisis, and latterly served as an assistant director in its public sector restructuring team.
At FRP he will work closely with the Restructuring Advisory teams across our 23-strong office network to provide restructuring support to both private and public sector clients.
Commenting on his appointment,
Conway said: “FRP has built an impressive reputation in the industry for its quality of service and the expertise of its teams. Regulated firms have specific considerations to address when they face financial distress, and it’s essential they receive the right support as they navigate the restructuring processes.
“I’m looking forward to applying my first-hand experience of working with the regulator and with and within financial services businesses to help them through these procedures, and to ultimately secure the best possible outcomes for all stakeholders involved.”
Berry added: “FRP has been making its mark by delivering positive outcomes on restructuring cases for some of the country’s biggest household names. These remain challenging times for businesses, but the right restructuring solutions can help protect and recover value.
“In this role, I’ll be coupling my in-depth experience of Whitehall with my experience in the private sector to help businesses and public sector organisations successfully confront issues head-on and respond with constructive, effective and sustainable strategies.”