Deloitte appoints new Managing Director of Corporate Finance
Deloitte in the UK, the business advisory firm, has appointed Timothy Mahapatra as Managing Director of its Corporate Finance practice. Timothy succeeds Aidan Birkett, who was appointed as Chief Restructuring Officer to Dubai World in November 2009.

Fuente:   Fecha: 27.04.2010

Deloitte appoints new Managing Director of Corporate Finance

Mahapatra, a member of the firm’s Executive, has over 15 years of corporate finance experience. He has held a number of senior positions including head of Transaction Services, and leader of Deloitte’s M&A programme. Mahapatra is also responsible for the Corporate Finance practice across the EMEA region.

Mahapatra comments: “I am delighted to be taking on my new role and responsibilities. It’s a real privilege to be asked to take on this role, and I am very excited about the opportunity to lead the corporate finance business in what promises to be a period with some great opportunities and challenges for us and our clients. The economy has seen an unprecedented amount of upheaval in the past 18 months and our corporate finance business, under Aidan’s stewardship, has been able to successfully address the changing needs and dynamics of our clients.

“As the economy moves into a new phase we can expect to see a rebound in M&A activity, with financially strong buyers taking advantage of current conditions to acquire attractive assets at reasonable valuations. Sectors such as financial services, resources and consumer products will drive M&A along with a greater impact from buyers from developing markets.

“I expect the credit markets to remain relatively tight. The level of restructuring activity will remain high for some time as businesses continue to restructure their balance sheets and deal with debt repayments using a combination of capital markets, divestments and joint ventures as alternative ways of raising capital. I look forward to continuing to develop our business over the months and years ahead as these opportunities unfold.”