Quantuma makes Frank Ofonagoro a Manchester Managing Director

16 July 2021 Consultancy.uk 2 min. read
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Quantuma has promoted Frank Ofonagoro to Managing Director in its Manchester office. The news comes as the firm celebrates a period of rapid team growth of nearly 100 professionals over the last year.

Frank Ofonagoro said of his promotion, “When I joined Quantuma over two years ago I believed I was joining an ambitious, progressive firm dedicated to delivering the best advisory services to clients. I am pleased to say that since joining I have not been disappointed, and the firm has lived up to all my expectations. I look forward to achieving much more over the coming years with Quantuma and the Manchester team.”

Ofonagoro joined Quantuma two years ago, arriving with more than two decades of experience in the professional services sector. This included spells in senior management at PwC and KPMG, where he undertook financial and operational restructuring advisory mandates for lenders, distressed/special situation funds, SMEs, and FTSE 100s.

Franklyn Ofonagoro, Managing Director, Quantuma

Since joining Quantuma, Ofonagoro has played an instrumental role in the building the firm’s North West and financial advisory practices, delivering lead advisory and business restructuring mandates to a range of businesses. As a Managing Director in Manchester, he will continue to grow Quantuma’s financial advisory practice in the North West, working alongside office head Robert Parry and restructuring managing director, Jeremy Woodside, to continue to lead the firm’s support of businesses in the region.

Parry stated, “Since joining us, Frank has had a huge impact on the team – we have been able to grow from strength to strength despite the many challenges that the Covid-19 pandemic has brought. This is an exciting time to be part of the firm and the Manchester team, and I’m confident Frank will continue to play a significant part in the success of the practice and wider firm.”

Established in 2013 by Carl Jackson, Quantuma offers services including restructuring and insolvency, financial advisory, and corporate finance work. As such, it has been well positioned for growth amid the economic uncertainty of recent years, and now has 22 UK and international offices. The Covid-19 pandemic in particular saw demand for its offerings boosted – attracting investment from K3 Capital Group in the process.

Buoyed by all this, Quantuma has expanded its headcount by 45% in the last 12 months, expanding its team from 188 to 273 professionals. At the same time, the firm has been able to make 28 promotions in total, including Brian Burke, who recently took a Managing Director role at its London office.