BrazilQuantuma brings deal advisory and turnaround offering to the region
Quantuma has launched its Deal Advisory and Turnaround practice in the region.
Celebrating its 2-year anniversary this month, Quantuma entered the Middle East 24 months ago with the aim of establishing a presence in financial advisory space with a focus on the mid-market segment.
“During this time the team has grown to comprise a senior team of subject matter experts in fraud investigations, asset-recovery, and forensic accounting,” said managing director Yaser Dajani, “providing multidisciplinary and cross-border solutions for leading law firms, regional businesses, conglomerates and government entities.”
To meet “surging client demand”, Quantuma is now expanding its portfolio with two lines of work: transactions services, and turnaround and restructuring. Industry veteran Nigel Smith has been recruited to establish and expand the offerings.
According to recent research, both services are in high demand.EY last week announced that Middle East deal volume in the first half of 2023 edged up slightly, while a survey by Alvarez & Marsal found that financial distress in the region is expected to tick up as macroeconomic factors such as high cost of capital and inflation bite.
Smith returns to the Middle East following an eight-year tenure at KPMG in East Africa, where he led the Debt Advisory & Restructuring practice and latterly the Deal Advisory practice. Prior to this, Smith was a partner and Head of Debt Advisory & Restructuring at Ardent Advisory and Accounting in the UAE. His career spans 30 years across professional services and banking.
On his new role, Smith said: “I am very pleased to be returning to the Middle East and am looking forward to working with the great team which Quantuma has developed in Dubai. My primary focus will be working with clients across the GCC, focusing on the UAE and Kingdom of Saudi Arabia, as well as other key markets in the region.”
“I have been extremely impressed at how Quantuma has developed its international footprint over the last few years, and by the quality of talent at the firm.”
Dajani said: “I am delighted that Nigel has decided to join Quantuma and return to the Middle East to continue his career. He brings with him an unrivalled depth of experience, enabling us to continue to develop the firm’s capabilities and service offering in the region in response to client demand.”
Globally, London-headquartered Quantuma has 400 professionals located across 24 offices in the United Kingdom, Cyprus, Poland, Mauritius, The Cayman Islands, Dubai, Singapore and Australia.
