Teneo Launches Financial Advisory Business in the Middle East
Teneo, the global CEO advisory firm, today announced the launch of its Financial Advisory business in the Middle East with the appointments of Matthew Wilde and Elie Fakhoury.
The move builds on Teneo’s already strong presence in the region where it provides a wide range of strategic communications, management consulting, and risk advisory services from offices in Riyadh, Dubai, and Doha.
Matthew Wilde will join Teneo as one of the region’s most experienced restructuring practitioners. He led PwC’s restructuring and M&A teams in the region for many years until 2019. Matthew has played significant roles in many of the largest and most complex restructurings in the region including Arabtec, NMC Healthcare, Al Jaber, Saudi Oger, Dubai World, DryDocks World and OW Bunker, among many other projects.
With over 15 years’ experience of working in the region, Elie Fakhoury has successfully planned and led both large-scale turnaround programs as well as operational improvement and balance sheet restructuring projects for a broad range of clients including The Abraaj Group, Arabtec, JBF RAK and many others.
Matthew and Elie most recently worked together at AlixPartners. They will join Teneo as an established and widely respected team in both the local and regional market.
“We are delighted to welcome both Matthew and Elie to Teneo as we accelerate our expansion in key markets around the world,” said Daniel Butters, CEO of Teneo’s Financial Advisory business. “The Middle East represents a significant opportunity for our business and we look forward to continuing to grow our regional team and offering in the weeks and months ahead.”
Nick McDonagh, Senior Managing Director and Head of Teneo in the region said: “We are excited to have such an experienced team in Matthew and Elie join us in the Middle East. Their industry reputation and operational and financial advisory expertise will add another layer of sophistication to our integrated offering. Their arrival also highlights the exponential growth we have seen in our global financial advisory practice since the acquisition of the Deloitte UK restructuring business less than a year ago. We look forward to quickly integrating our new colleagues into our broader service offering to help accelerate our growth in the region.”
Matthew Wilde added: “To be joining such a dynamic and fast-growing business as Teneo is incredibly exciting. I am looking forward to combining our restructuring and financial advisory experience with Teneo’s market leading strategic and financial communications, management consulting and risk advisory capabilities. In doing so, we can uniquely provide CEOs with what really matters to them when dealing with their most challenging business issues”.
Elie Fakhoury said: “Our ability to combine our financial and operational restructuring strengths with Teneo’s “one firm” collaborative culture, unique CEO advisory model, global network, and wide range of functional expertise will make Teneo’s offering truly unique in this region”.
Teneo’s Financial Advisory business now has over 350 professionals across the U.S., Europe, Asia-Pacific, Middle East and the Caribbean. Matthew and Elie’s appointments follow Teneo’s recent expansion into the key offshore Cayman and British Virgin Islands (‘BVI’) jurisdictions with the acquisition of KPMG’s restructuring business in those markets.
Nicholas McDonagh, Senior Managing Director, Teneo
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