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.
|Notes:||Richard Abbey is former global head of financial investigations for Kroll|
|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
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