Interpath names Russell Worrall as UK head of advisory

09 May 2024 Consultancy.uk 3 min. read
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International professional services firm Interpath has confirmed the appointment of Russell Worrall. He takes on the role of its UK head of advisory, as Interpath continues to expand the practice which led its most recent set of financial results.

Founded via a private equity-backed buyout at the start of the decade, Interpath is the former restructuring wing of Big Four firm KPMG. While the firm has found it tough going in its native market in recent years – reporting losses for the past two years – it is positioning itself for strong growth by branching into new areas of business. In particular, it is ramping up its consulting work, and this is already paying dividends. 

In Interpath’s latest financial results, it reported that advisory revenues had boomed from £2.8 million to £26.9 million. As the firm looks to build on this, and strengthen its reputation as a multidisciplinary firm with a full suite of deals and advisory services – from M&A and transaction services, to data, technology, pensions, and tax advice – it has confirmed the appointment of a new UK advisory leader.

Russell Worrall, Head of Advisory UK, Interpath Advisory

In the wake of Mark Raddan’s promotion to global CEO of Interpath, Russell Worrall will replace him as head of advisory in the UK, and will now sit on the firm’s group executives committee. Worrall has been with Interpath since 2021, arriving from PwC, and has since led the growth and development of the firm’s transaction services business, which to date has advised on over 60 projects for both private equity houses and corporate clients.

Commenting on his appointment, Worrall said, “We’ve built a fully integrated advisory practice that is making a real impact in the market, winning quality mandates and building an exceptional team. We’re committed to further investing in those capabilities so that we can continue to scale. It is a real pleasure to be appointed and build on the success we have achieved to date, and I look forward to further growing our independent, multi-disciplinary and conflict-free practice at pace.”

Raddan’s own promotion further emphasises the shift of emphasis Interpath is undertaking at present. Bringing his advisory prowess to the firm’s CEO role, he succeeds Blair Nimmo, who exits having helmed the business since its time as KPMG’s restructuring practice. 

The news also comes with Interpath having recently named Sam Birchall as head of special situations M&A. A statement from Interpath said he has been “an integral part of the firm’s early options team that has grown over the past 15 years to become one of the market-leading special situations businesses in the UK”.

Birchall added, “We work with management teams to navigate the sale or acquisition of businesses in times of stress, distress, regulatory change, and a spectrum of other scenarios that are driven by the need to protect value. The impact we can have in those situations can be transformational in securing jobs and saving businesses, often under challenging circumstances. I’m elated to lead our offering in this area and to have the opportunity to integrate that expertise with the support we provide for clients right across the advisory practice.”