Former City of London MP Mark Field joins Buchler Phillips

UK restructuring specialist Buchler Phillips has appointed former Cabinet member Mark Field as a Consultant. Field arrives at the firm having stepped down from the British House of Commons ahead of the 2019 election.

Buchler Phillips is the UK’s oldest independent corporate recovery and restructuring firm, with a professional heritage dating back to the 1930s. Led by David Buchler, former Europe and Africa chairman of global consultancy Kroll, its senior team boasts particularly strong credentials in real estate; insurance and reinsurance; sports, leisure and entertainment; transport and logistics; manufacturing and digital technology.

The firm’s activities are not exclusively rooted in financial restructuring – however this is the firm’s largest line of work. Relating to everything from fraud and forensic investigations; operational restructuring and turnaround; and recovery solutions for corporates and individuals, Buchler Phillips is preparing for a spike in demand in the year ahead with a string of new hires.

To that end, the firm has appointed Mark Field as a Consultant. A former Member of Parliament and Minister of State at the Foreign and Commonwealth Office who represented the central London constituency of the Cities of London and Westminster in the UK Parliament between June 2001 and November 2019, he is also a qualified solicitor, having practiced with Freshfields in the early 1990s. He also set up, ran and sold two start-up businesses, before embarking on a political career.

Welcoming Mark to Buchler Phillips,  the firm’s co-founder and Chairman, David Buchler, said, “Mark has been a friend of the firm for many years and I am delighted that we will now be working more closely with him. His broad experience of complex corporate situations and cross-border business challenges, as well as an enviable contact book built over decades in the City and politics, will be invaluable to Buchler Phillips as we continue to expand amid significant demand for our services in restructuring, turnaround, administrations and insolvency.”

A member of the Conservative Party, he served as a Minister of State at the Foreign and Commonwealth Office from 2017 to 2019. A widely recognised expertise of the City, financial and professional services at home alongside leading the UK government’s economic diplomacy in international energy strategy, cyber security, fintech and green finance, he also served on the Intelligence and Security Committee, as Chairman of the Conservatives’ international office and as an FCO Minister of State for Asia and the Pacific. After the exit of Prime Minister Theresa May, he left his post as a Foreign Office Minister when Boris Johnson's premiership began. He stood down from the British House of Commons at the 2019 general election.

Since leaving parliament he has embarked upon a portfolio career. This already includes roles as non-executive Chairman of the Isle of Man based Capital International Bank; Chair of the Advisory Board of the London School of Commerce; Senior Advisor to the Cayman Island Government Office in London and Advisor to PASS Technology, a security software provider to public and private sector clients.