Haroon Ahmed joins Kroll's restructuring practice in Dubai

19 May 2021 Consultancy-me.com 2 min. read

After serving KPMG in the UK for over twelve years, Haroon Ahmed has relocated to the Middle East to join Kroll. 

Appointed an associate managing director in Kroll’s Restructuring Advisory practice, Haroon Ahmed has been tasked with serving the firm’s growing roster of clients in the region. “It’s fantastic to welcome Haroon to our team. He has extensive experience across multiple sectors and geographies and will quickly add value to our clients,” said Richard Clarke, Managing Director in the Global Restructuring Advisory practice. 

At KPMG, Ahmed worked alongside over a dozen of (distressed) companies, lenders and private equity on engagements, including accelerated divestments, debt advisory, rapid cost reduction, cash management, insolvency, and crisis management. He worked across sectors, including real estate, retail, oil and gas, financial services, manufacturing, recruitment and healthcare.

Haroon Ahmed, Associate Managing Director, Kroll

One of the high-profile turnarounds and insolvency engagements he worked on was that of Thomas Cook, which went into bankruptcy in September 2019, 178 years after being founded. Other restructuring consultancies that worked on the iconic bankruptcy included AlixPartners and Big Four firms EY and PwC

Other notable engagements include: developing a turnaround plan for a £200 million turnover metal recycling business, managing an insolvent property portfolio business and its £80 million sale, negotiating a voluntary arrangement of a £100 million turnover clothing brand, and helping an oil and gas sector client with extending £30 million in lending facilities.

Internally within KPMG, Ahmed also helped establish the firm’s mid-market debt advisory offering in Leeds, focused on raising debt funding for stressed clients. Previously with the accounting and consulting firm, Ahmed spent time on secondment at KPMG’s Singapore office, working on both the MF Global and Lehman Brothers liquidation.

Beyond restructuring, Kroll helps its clients in the Middle East with corporate finance, mergers & acquisition, investigations, cyber security, legal and business solutions, data analytics and regulatory compliance services. 

Globally, Kroll – and subsidiary Duff & Phelps – has nearly 5,000 professionals in 30 countries.