Duff & Phelps Corporation is to establish a dedicated financial regulatory and compliance consulting practice through the acquisition of Kinetic Partners. The new practice will be headed up by Kinetic Partners CEO Julian Korek.
In addition to the new Financial Regulatory and Compliance Practice, clients will benefit from enhanced corporate recovery, forensic, valuation, corporate finance and tax expertise across both firms. Kinetic Partners will expand Duff & Phelps’ footprint in New York, London, Dublin and Hong Kong, and introduce new offices in Luxembourg, the Channel Islands, the Cayman Islands and Singapore. The transaction is expected to close in early 2015, pending European regulatory review.
Noah Gottdiener, chief executive officer of Duff & Phelps, says: “Kinetic Partners is a well-respected global brand that brings unique financial regulatory and compliance expertise to Duff & Phelps. This represents an ideal complement to our suite of valuation services, especially in the alternative asset management sector, where together we serve many of the world’s leading hedge funds and private equity firms. In addition, Julian has built a culture of excellence that, like our own, emphasises client service, deep technical skill, and financial industry expertise. We welcome the Kinetic Partners team to Duff & Phelps.”
Korek says: “The financial services industry continues to feel the impact of recently introduced regulations, as well as the ongoing scrutiny of global regulators. We will continue to provide high-quality advice from start-ups through major financial institutions, and we are delighted to join the dedicated and committed professionals at Duff & Phelps to address these challenges on behalf of our clients. I am confident that our clients and employees will benefit from the expanded opportunities and breadth of services that come from joining Duff & Phelps.”
