As the restructuring consulting firms continue to scramble for market share in the lucrative offshore market, Teneo has expanded into the Eastern Carribean. The firm has announced three senior hires to establish presences in the British Virgin Islands, Barbados and Saint Vincent and the Grenadines.

Founded in 2011, Teneo is a consultancy specialising in strategic communications, investor relations, restructuring, management consulting, physical & cyber risk, financial advisory, and corporate governance advisory services. With teams based principally out of London, New York and Dubai offices, the firm has been growing rapidly since its backing from CVC Capital in 2019 – most notably in restructuring.

In 2021, this saw Teneo purchase Deloitte’s UK restructuring arm – but this also gave it inroads into the offshore market in British overseas territories. As a result, it followed this up with another Big Four move for KPMG’s Bermuda, BVI and Cayman Islands restructuring businesses in 2022.

Now, as Teneo continues to look to expand in this lucrative space, it has announced the appointments of Brian A. Glasgow, David Collins and David Holukoff to key senior positions, growing its financial advisory presence into the Eastern Caribbean. The move makes Teneo the largest financial advisory business in the wider Caribbean region.

Daniel Butters, CEO of Teneo’s financial advisory business, commented, “We are delighted to welcome Brian Glasgow, David Collins and David Holukoff to Teneo to further expand our offshore offering and solidify the firm’s presence throughout the region. Each of these leaders brings to Teneo decades of experience working on some of the most complex financial matters in the region. I look forward to working with them – and our collective IFC team – to further build out our support of clients with interests in the region.”

Collins meanwhile is based in Barbados, and joins as a managing director. He brings over 17 years of financial advisory experience with a focus on the Caribbean region, having also worked with KPMG and, most recently, Interpath. He has been appointed in numerous high-profile insolvencies across the region with current appointments in Barbados, Saint Vincent, Saint Lucia and Saint Kitts and Nevis.

Holukoff joins as a managing director, based in Grenada. Having worked with PwC, KPMG, Kroll and Grant Thornton since 1999, he has led engagements across the Caribbean, including Grenada, Barbados, Trinidad, Saint Kitts and Nevis, Jamaica, Dominica, Saint Lucia and Saint Vincent. His experience spans multiple industries, including financial services, real estate and telecommunications.

Glasgow is based in Saint Vincent and the Grenadines, where he holds an Insolvency Practitioners license. He joins as chair of the Eastern Caribbean, bringing more than 27 years of experience with a key focus on insolvency and restructuring mandates over the last two decades. He previously served as a senior partner at KPMG and as a consultant with Interpath Caribbean.

He said of the move, “I am thrilled to join Teneo, a truly global firm with deep local roots. We have assembled an exceptional team of leaders and practitioners to expand and grow our presence in the region. I am especially excited to partner with our existing regional leadership to develop a comprehensive offering across the IFC to better serve our clients.”

The newly appointed leaders will join efforts with Kent McParland, a director with Teneo’s regional team, to add further strength to our Eastern Caribbean offering. McParland is an expert in the offshore sector himself, with particular expertise in the British Virgin Islands, Antigua and Barbuda.