Teneo, the renowned global CEO advisory firm, has recently made headlines with an exciting announcement regarding the expansion of its Financial Advisory business in the Middle East. This strategic move is marked by the onboarding of two industry leaders, Nathan Stubing and Kit Weng Yap, who are set to strengthen the firm’s presence in the region, especially within the rapidly evolving insolvency segment.
Currently, Teneo’s Financial Advisory team in the Middle East is co-headed by Matthew Wilde and Elie Fakhoury. They have already established themselves as frontrunners in the region’s burgeoning restructuring market. The addition of Nathan and Kit not only enhances the team’s capabilities but also signals a renewed focus on the insolvency sector in both the United Arab Emirates (UAE) and the Kingdom of Saudi Arabia (KSA). This strategic alignment complements Teneo’s existing restructuring and debt capital advisory services, reinforcing its commitment to serving its clients with tailor-made solutions.
Nathan Stubing arrives at Teneo with a wealth of experience accumulated over two decades in the restructuring field. Previously a managing director at FTI Consulting in Dubai, Nathan spent a significant portion of his career, including time in Australia, honing his expertise in navigating complex financial landscapes. His extensive knowledge uniquely positions him to contribute to Teneo’s expansion efforts in the Middle East.
Joining him is Kit Weng Yap, who also comes from FTI Consulting where he held the position of Director with a focus on insolvency. With 12 years of financial advisory and insolvency experience under his belt, including stints in Dubai and London with prominent firms like EY and PwC, Kit brings a fresh perspective and critical insights that are essential in addressing the intricacies of insolvency processes.
Both Nathan and Kit will report directly to Daniel Butters, CEO of Teneo’s Financial Advisory business, signifying their important roles in driving the firm’s strategic initiatives in the region. Furthermore, they will collaborate closely with Nick McDonagh, who leads Teneo’s Strategy & Communications business in the Middle East. Nick’s regional leadership will add an extra layer of support and coordination as the team looks to expand its service offerings.
Matthew Wilde, Senior Managing Director at Teneo, expressed his enthusiasm about the latest additions, stating, “We are delighted that Nathan and Kit have chosen to join Teneo. The recruitment of such high-quality professionals reflects our continued investment in the growth of our Financial Advisory business across the Middle East and gives our insolvency offering a clear and dedicated focus.” This sentiment underscores Teneo’s commitment to excellence and innovation in the financial advisory sector.
The landscape for insolvency in the Middle East is undergoing significant transformation, largely fueled by recent legislative changes in both the UAE and Saudi Arabia. As awareness grows within the business community regarding the proactive uses of insolvency processes, there is an increasing understanding of how these frameworks can help preserve viable businesses and protect value during challenging times. This shift is instrumental in bolstering the region’s reputation on the global stage as a destination for doing business.
Daniel Butters added, “Having built the Financial Advisory business from the ground up over the past three years into one of the region’s leading and most respected teams, we felt this was the right moment to invest in the growing insolvency space. We are thrilled that Nathan and Kit have joined us to help drive this next phase of growth.” This proactive stance demonstrates Teneo’s dedication to advancing its capacities in a sector that is poised for considerable development.
Nick McDonagh, Teneo’s regional leader, welcomed Nathan and Kit with open arms, affirming, “We extend a very warm welcome to Nathan and Kit. We are pleased to further expand and deepen the range of services we offer to clients as we help them resolve some of their most complex challenges.” This collaborative approach promises to enhance Teneo’s service offerings, placing clients in a stronger position to navigate their financial challenges effectively.
As Teneo moves forward, the strategic decisions made now will undoubtedly pave the way for future successes. The firm remains committed to not just adapting to the changing landscape but to actively shaping it, positioning itself as a key player in the Middle East’s financial advisory arena.
Contact
Stephen Meahl
New York
+1 (212) 886-1624
stephen.meahl@teneo.com
