Interpath launches new office in Bermuda
Financial advisory firm Interpath has continued its international expansion, with a new office in Bermuda. The new locale will enable the firm continues to strengthen its suite of restructuring and advisory offerings across offshore markets.
With over 780 people working across 18 offices across the UK, France, Ireland and the Caribbean, Interpath aims to be one of the world’s leading financial advisory firms. The firm has plans to grow to 2,000 staff across a truly global office footprint by 2030.
Earlier in 2024, this drive saw Interpath expand into continental Europe, with the launch of a new office in France. Now, as the firm looks to tap into the lucrative offshore market, it has followed this up with a new presence in the Carribbean.
Interpath’s network of offices across the Caribbean already includes the British Virgin Islands, Cayman Islands, Eastern Caribbean and Barbados. But Bermuda – which is one of the world’s leading offshore financial centres – will add to this network, to help add strength and depth to the crucial market for the firm.
Spearheading the firm’s expansion into Bermuda is Rachelle Frisby, one of the country’s leading restructuring and insolvency practitioners. As CEO of Interpath in the Carribbean, she brings two decades of experience to the firm. This included spells leading the Bermuda and British Virgin Islands wings of Big Four firm Deloitte. She specialises in providing restructuring and insolvency services to a diverse range of Bermuda-domiciled entities including (re)insurance companies, investment businesses, banks, hotels, and various operating companies, with many cases involving fraud, embezzlement, and cross-border asset recoveries.
CEO Mark Raddan said, “Rachelle is an exceptional restructuring and advisory practitioner, with considerable experience advising clients and their stakeholders on complex insolvency and advisory engagements, so hiring someone of her calibre and experience to lead and expand our footprint across offshore financial markets is a real coup. I look forward to working with Rachelle, and the rest of our fantastic team in the Caribbean, as we continue to grow and develop our cross-border capabilities, compete for the biggest global mandates and create tangible value for our clients.”
Frisby added, “Since its inception three years ago, Interpath has been shaking up the status quo in the global restructuring and financial advisory markets, so I couldn’t be more excited by the opportunity to lead and expand our business, not just in Bermuda, but across the wider Caribbean region. The firm has a proven track record of working collaboratively and collegiately across geographies, meaning it’s able to deliver complex global mandates seamlessly. The scale of ambition across Interpath, with its stated aim of having a presence in all of the world’s major financial markets by 2030, is inspiring, and I can’t wait to play my part in helping drive the business forward.”
As being popular holiday destinations, are arguably even better known a tax havens. This has attracted large companies and financial operators, which in turn provides opportunities for professional services firms, offering their advisory and accounting knowhow to offshore entities. In recent years, this has seen a scramble among audit and advisory firms to tap into the space – including Teneo swooping for the restructuring arm of KPMG in the Cayman and British Virgin Islands, and Interpath itself purchasing restructuring firm Kalo in the British Virgin Islands and Anguilla.
