LONDON, June 24, 2013 /CNW/ - Tyrian Partners, a new global financial
investigations firm, launches today. The firm, headquartered in London,
is led by three of the forensic investigation industry's best-known
executives, who share decades of experience of uncovering fraud and
helping corporate clients protect their interests.
Tyrian Partners LLP will be run by Brian Stapleton, Richard Abbey and
Brendan Hawthorne, all of whom previously held senior positions at
Kroll. Their work has resulted in the exposure of major corporate
fraud, leading to landmark criminal and civil cases and the recovery of
substantial sums for shareholders.
The firm's staff consists of chartered accountants recruited from Big
Four firms, data analytic experts, and investigators with specialist
financial training. Tyrian Partners will offer investigation services
to corporations, investors, creditors and their advisors with the aim
of protecting businesses, uncovering wrongdoing, preventing fraud and
recovering financial losses.
Tyrian Partners will be the only independent, dedicated financial
investigation firm of its kind. It has been created to meet a growing
demand from investors, financial regulators, and the Boards of major
companies for independent, transparent and cost-effective
investigations into allegations of financial wrongdoing.
Brian Stapleton, senior partner, said: "The time is right for a genuinely conflict-free player in the forensic
space. Consolidation has turned our industry into a cosy club where a
depressingly small number of consulting firms investigate failings at
one another's clients, and where clients have trouble accessing advice
which is both authoritative and truly independent."
Richard Abbey, senior partner, said: "These are turbulent economic times, and clients don't want to be forced
to buy pre-event advisory work and post-event remediation work from the same small group of firms where the inherent conflicts between
the two are becoming ever more apparent. They want an advisor who is
focussed and who they know works solely for them."
Brendan Hawthorne, senior partner, added: "I have investigated losses of over $10 billion at failed financial
institutions in the last three years and as I have sifted through the debris it is astonishing to see the enormous
fees being charged by large teams of consultants from the major
accounting firms as they feed off distressed situations. Tyrian Partners will provide a cost-effective and credible alternative.
Tyrian Partners anticipates growing demand for skilled investigation
services as the global economy starts to emerge from the financial
crisis. Financial irregularities, fraud and unethical behaviour that
occurred during and after the global slowdown will continue to emerge;
and companies will face exposure to additional forms of fraud as they
return to profit, add to headcount and enter new markets.
Richard Abbey is former global head of financial investigations for
Brian Stapleton is former head of EMEA for Kroll
Brendan Hawthorne is former head of financial investigations for Kroll
for the Middle East
SOURCE: Tyrian Partners
For further information:
Brian Stapleton: firstname.lastname@example.org
Richard Abbey: email@example.com
Brendan Hawthorne: firstname.lastname@example.org