Kroll, a provider of worldwide risk and financial consulting solutions, recently announced the launch of a new office in Johannesburg. This will allow the firm to bring its expertise in international restructuring to the South African market.
The new office is in the city’s financial district of Sandton, and it’s part of the company’s broader drive to expand its services across Africa. Kroll is adopting measures such as this in order to realise this growth.
Stefan Smyth has joined Kroll’s restructuring division as managing director, and his responsibilities will include overseeing the Johannesburg branch. Smyth has been advising businesses, lenders, and investors on the African market for 15 years, helping them through reorganisation, insolvency, and other difficult business difficulties.
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Kroll’s Managing Director and Global Head of Restructuring, Paul Clark, made the following announcement about the opening of Kroll’s newest office in Johannesburg: “We are delighted to officially open our new office in Johannesburg, which will enable Kroll to offer a wider breadth of risk and financial advisory solutions to companies operating in South Africa and across Africa.” Kroll’s new Johannesburg office will expand the range of risk and financial advising services it provides to businesses in South Africa and beyond Africa.
Kroll’s new Johannesburg office will allow the company to better serve clients across Africa by providing risk and financial advice to companies in addition to those in South Africa. More international organisations, lenders, and funds are currently active in Africa than ever before, and our new office will allow us to give on-the-ground experience and better assist current and future clients.
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Alison Timme, who shares Smyth’s qualifications as a Business Rescue Practitioner, will also be involved. Timme will become Kroll South Africa’s Managing Director of Restructuring at the end of April. Along with Smyth, he will be responsible for introducing Kroll’s restructuring service to the local market.
This will happen once Timme is formally included into the Kroll team. Kroll’s ability to provide debtor and creditor restructuring advice services, company rescue, and other restructuring services will be bolstered with the addition of Timme, who is also a licenced Business Rescue Practitioner and has over 10 years of expertise in Africa.
He will help Kroll achieve this goal by bolstering the company’s standing as a reliable provider of creditor and debtor restructuring advice services. Timme will also help Kroll improve its standing as a trusted business partner in the business rescue sector.
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Kroll’s restructuring team has been counselling customers in South Africa for a long time, according to Mike Cooke, the firm’s Managing Director and Restructuring Leader for Africa. “Kroll’s restructuring team has advised clients in South Africa for a number of years,” and “we are ecstatic to be able to extend our offering in Africa through a high-quality local team managed by Stefan” (because of the increased demand for restructuring services due to internal and international difficulties).
“We make this claim due to an uptick in inquiries about our reorganisation helpline.”