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Kinetic Partners celebrates five years with new hires

Tuesday, March 08, 2011
Opalesque Industry Update - Kinetic Partners is celebrating five successful years since the opening of its Grand Cayman office with two new hires to strengthen their insolvency and forensic services practice. These new appointments will further enhance and develop Kinetic Partners’ proven capabilities to meet client demand in the areas of liquidation and forensic services and build on the existing team in the Cayman Islands.

Established in 2005, Kinetic Partners provides the asset management, investment banking and broking industry with a bespoke service for clients who need in-depth industry advice, analysis and valuation across borders. Kinetic Partners has grown rapidly to serve over 1,000 clients globally, with the opening of the Grand Cayman office in March 2006 proving valuable in enhancing the Firm’s reputation as the leading provider of advisory and consulting services to asset management and financial institutions worldwide. On a local Cayman level, Kinetic Partners has taken on numerous high profile liquidations and hedge fund blow-ups resulting from fraud, mismanagement and the economic crisis.

The two new team members bring extensive experience to Kinetic Partners. Jess Shakespeare joins Kinetic as a Director and is a Cayman qualified insolvency practitioner with extensive experience gained working with investment funds and in the insurance and banking industries in the Cayman Islands. Previously, he acted as a director to numerous investment funds and structured finance vehicles, provided administration services to unit trusts, and acted as a liquidator in hundreds of voluntary liquidations of such entities.

James Plowright joins Kinetic Partners from Worrells Solvency and Forensic Accountants in Australia, where he gained comprehensive experience in negotiation of the sales of assets and businesses, voluntary administrations and liquidations, corporate and non-corporate receiverships and litigation support. He is CPA and IPA qualified.

Jess commented: “I am very pleased to be joining Kinetic Partners’ Grand Cayman office at a time when the team and the Firm is growing and moving in an exciting direction. After five years of great success, I relish the prospect of strengthening the Firm’s achievements and capabilities in liquidation and forensic services.”

Julian Korek, Founding Member of Kinetic Partners, commented: “We are delighted to celebrate our fifth anniversary in Grand Cayman by welcoming two valuable new members to Kinetic Partners’ liquidation and forensic services contingent. Jess and James will work closely with their counterparts in our other locations as ongoing reform in financial services will continue the need for expertise in this area.”

Geoff Varga, who leads Kinetic Partners’ corporate recovery service offering in Cayman and New York, also noted that “these additions are just further examples of our continued growth and focus in the distressed funds arena. Furthermore, by utilising our Firm’s global team approach to formal and informal liquidation mandates, involving both onshore and offshore entities and structures, we have been able to continue to propel ourselves as a key provider of solutions in the space.”

www.kinetic-partners.com

(Press release)
bc

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