- Duff and amp; Phelps, the international agency of governance, risk, and transparency, opened a new office in Gibraltar
- The new office will offer multi-service line capabilities to the market
- The location of the new office is Montarik House on Bedlam Court
On January 18, 2021, Duff and amp; Phelps, the world’s most premier provider of governance, risk, and transparency solutions, broke the news confirming its new operation in Gibraltar, all set to offer blended, multi-service line capabilities to the market.
This news comes with a commitment to developing a sustained locally-based operation supported with a truly global network.
Located at Montarik House on Bedlam Court, the office will be led by Andrew Stoneman, Managing Director, Duff and amp; Phelps, with 30 years of extensive experience in consulting people and businesses in financial distress. He is also well-known for his commendable work in the spectrum of financial services.
To add to his expertise, he holds Licensed Gibraltar Insolvency Practitioner status issued by the Gibraltar Financial Services Commission (GFSC).
Andrew Stoneman has experience handling complex, multi-jurisdictional restructuring and insolvency cases in areas such as fintech, insurance, and gaming sectors. The managing director also has significant work experience in compliance and capital raising engagements.
How will the new Duff and amp; Phelps office in Gibraltar benefit?
In addition to the company’s expertise and proficiency in local insolvency services, clients from Gibraltar will also benefit from the company’s global capabilities such as international restructuring, valuations, compliance and regulatory consulting, and corporate finance and forensics and disputes, along with Kroll’s Business Intelligence and Investigations and Cyber Risk teams.
The brand-new Duff and amp; Phelps’s Gibraltar office is among 14 global locations and the fifth country in Europe from where the company provides restructuring services. With this addition, the company’s strength now adds up to over 400 professionals.
The experts’ take on expansion to Gibraltar
Albert Isola MP, Gibraltar Minister with responsibility for Digital and Financial Services, added: “We are delighted to welcome Duff and amp; Phelps to Gibraltar, particularly in light of the special and historic relationship between the UK and the Rock. This announcement brings with it a commitment to building a sustained locally-based operation, backed up by a truly global network.”
Stoneman said: “I am delighted that we have been able to expand our services into Gibraltar, enabling us to offer a blended range of services from across the Duff and amp; Phelps portfolio.”
“Not only is there an opportunity for a new restructuring practice in Gibraltar, but the regulatory nature of many business sectors based on ‘the Rock’ – such as insurance, gaming, and financial services – means that we will be able to offer a wide range of additional services centered on a broad range of solutions including compliance and regulatory consulting. It is our intention to offer these services via a local multi-skilled team, backed up by the extended Duff and amp; Phelps organization.”