Teneo Expands its Financial Advisory Business in the Middle East

Teneo, the global CEO advisory firm, today announced a significant expansion of its Financial Advisory business in the Middle East with the recruitment of Nathan Stubing and Kit Weng Yap.

Teneo’s Financial Advisory team in the Middle East, co-headed by Matthew Wilde and Elie Fakhoury, is already amongst the leaders in the region’s growing restructuring market. The addition of Nathan and Kit will enhance the team’s focus on the expanding insolvency segment in the UAE and the Kingdom of Saudi Arabia, complementing its existing restructuring and debt capital advisory services.

Prior to joining Teneo, Nathan Stubing was a managing director at FTI Consulting in Dubai, where he spent half of his 20-year restructuring career, having previously worked in Australia. Kit Weng Yap also joins from FTI Consulting, where he was a Director focused on insolvency. He brings 12 years of financial advisory and insolvency experience from both Dubai and London, having previously worked with EY and PwC.

Nathan and Kit will report to Daniel Butters, CEO of Teneo’s Financial Advisory business. The team will also work in partnership with Nick McDonagh, who leads Teneo’s Strategy & Communications business in the Middle East and serves as the firm’s regional lead.

Matthew Wilde, Senior Managing Director said: “We are delighted that Nathan and Kit have chosen to join Teneo. The recruitment of such high-quality professionals reflects our continued investment in the growth of our Financial Advisory business across the Middle East and gives our insolvency offering a clear and dedicated focus."

The insolvency market in the region has been expanding due to significant legislative changes in both the UAE and Saudi Arabia, along with a growing recognition that insolvency processes can be used proactively to preserve viable businesses, protect value in challenging circumstances and play an important role in enhancing the region’s standing in the world.

Daniel Butters, CEO of Teneo’s Financial Advisory business said: “Having built the Financial Advisory business from the ground up over the past three years into one of the region’s leading and most respected teams, we felt this was the right moment to invest in the growing insolvency space. We are thrilled that Nathan and Kit have joined us to help drive this next phase of growth.”

Nick McDonagh, Teneo’s regional leader, added: “We extend a very warm welcome to Nathan and Kit. We are pleased to further expand and deepen the range of services we offer to clients as we help them resolve some of their most complex challenges.”

Contact
Stephen Meahl
New York
+1 (212) 886-1624
stephen.meahl@teneo.com