Duff & Phelps has entered the Australian market with the launch of an office in Sydney, its first in Oceania and 15th in Asia Pacific. The move sees a quartet of former PPB Advisory seniors reunite.
The move comes within a week after Duff & Phelps completed its $4 billion acquisition by a group of investors led by Stone Point Capital and Further Global, with the management of the global consulting firm retaining a significant stake in the company.
US-headquartered Duff & Phelps has over 4,000 employees, the most of which are based in the America’s, although in recent years the consultancy has been expanding its footprint aggressively in Europe and Asia Pacific. Described by Chief Executive Officer Noah Gottdiener as a “key market”, the firm has now launched an on the ground operation in Australia having previously been active in the country through its Kroll subsidiary.
In July 2019, investigations and risk subsidiary Kroll acquired Enex Carbon, a Melbourne-based firm specialised in cyber security management, governance and risk services, providing Kroll with a domestic base.
The new Sydney office will focus on restructuring, turnaround and crisis management…
