Deloitte insolvency team expands as two more join

Deloitte has strengthened its Corporate Recovery and Insolvency team with the hiring of two new professionals Michael Pearson and Elisa Charlton.

Mr. Pearson joins Deloitte as a Senior Manager within the Financial Advisory Services Department. In this capacity he will lead the insolvency and restructuring team, which specializes in advising, restructuring and liquidating offshore financial vehicles, institutions and local companies.

Prior to joining Deloitte in Grand Cayman, Mr. Pearson spent more than 10 years working in the corporate insolvency arena in the UK where he qualified both as a chartered accountant and as an insolvency practitioner.

Ms. Charlton joined Deliotte in June of this year as an assistant manager within the contentious insolvency team.

Previously also based in the UK, Ms. Charlton is a qualified accountant and has more than five years experience dealing with corporate insolvencies including compulsory and voluntary liquidations, receiverships, voluntary arrangements and bankruptcies.

Deloitte Partner Stu Sybersma said the current unprecedented uncertainty in the world’s financial markets was causing a significant increase in demand for insolvency practitioners.

‘Here at Deloitte we are investing heavily in top quality and experienced resources to meet this market demand,’ he said. ‘Michael and Elisa join the team at what we expect to be a very intensive time and it’s great to have them on board.

‘The FAS team is now even better equipped to assist clients who are undergoing financial difficulties, whether it be in an advisory capacity to assist in preventing insolvency, or to provide insolvency services once there is no other option.’