Duff and Phelps expands debt team – exclusive

Ken Goldsbrough, who leads the debt advisory team, has said it will be “Remainers who will be key to the success of Brexit” as the firm expands its debt service.

Financial advisory firm Duff & Phelps has appointed Gregory Forde to join its debt advisory practice.

Forde joins from Barclays, where he served on the debt origination team following his time as a manager on the debt and capital markets team at financial services firm PricewaterhouseCoopers.

Before joining PwC, Forde spent five years as a senior economic analyst at Ernst & Young. In his latest role, Forde serves as vice president and is based in the advisory firm’s London office. He started working at the firm on 8 August.

Duff and Phelps’s advisory business was established in February following the appointment of Ken Goldsbrough as a managing director in the M&A team from Houlihan Lokey. The firm advises debt funds with a London base and primarily focuses on deals in the range of £25 million to £250 million and on companies with an enterprise value of between £50 million and £500 million.

There are currently 18 people in the firm’s M&A team and it is expected that another managing director will join the team next month.

Goldsbrough said: “I am delighted to welcome Forde to the Duff & Phelps team in London as a vice president. As alternative sources of debt become increasingly popular in the mid-market, it is an exciting time for the debt advisory team and with him joining, we are well-positioned to take advantage of the opportunities of this growing market.”

Goldsbrough supported the UK staying in the European Union, a viewpoint that was not out of the step of the majority of the industry. For him, “remainers will be the key to the success of Brexit”, as debt funds will continue stepping into the space left by banks. He said that the asset class will continue to grow, led by many of those funds which were firmly pro-remain.

Along with the debt advisory service, Duff & Phelps’ corporate finance unit includes restructuring, private placements and transactions advisory services. The firm also advises on tax, valuations and real estate.