Kinetic Partners has recruited Kent McParland as a director within the corporate recovery practice in the firm’s New York office.
Brought on to facilitate and execute liquidations and restructurings on behalf of distressed investments, McParland will focus on building the New York practice as well as supporting the corporate recovery team globally.
In addition to augmenting the practice’s restructuring engagements and traditional approach to the market via financial institutions and smaller institutional investors, McParland will also service the growing need of investors seeking to wind down their positions in distressed 2008 assets and zombie funds.
McParland joins Kinetic Partners from Grant Thornton in the British Virgin Islands where, among other engagements, he was a senior member of the liquidation team for Stanford International Bank Limited and its related companies. He has focused primarily on corporate recovery/bankruptcy engagements for the past seven years after qualifying as a Chartered Accountant in Canada. His experience covers a range of industries including financial services, real estate, gaming, wineries and manufacturing.
McParland has extensive expertise in managing various stakeholders across multiple jurisdictions often in contentious situations. In addition to leading the engagement teams for liquidations, receiverships and various due diligence engagements, he has also held appointments as a receiver/receiver manager for international financial institutions.
Geoff Varga, Kinetic Partners’ global head of corporate recovery and restructuring, says: “Kent’s hire represents continued forward progress in the development of our corporate recovery service offerings. With his background in bankruptcy and insolvency, both domestically and offshore, we are proud to enhance the collective capabilities of our New York (and global) team to deliver optimized value preservation and recovery in distressed situations. This is an exciting time for Kinetic Partners and our clients, and we are glad to welcome Kent into our practice.”