Gordon Brothers forays into Australia
US-based global advisory and investment firm, Gordon Brothers, has announced its expansion plans to Australia and appointed Tim Stewart to run the company’s Sydney’s office.
Stewart joined from the Royal Bank of Scotland (RBS) where he served as managing director and head of the restructuring team in the Asia Pacific region and was responsible for managing distressed and underperforming assets across India, Singapore, Hong Kong, Japan, China, Malaysia and Australia.
He also held a number of other roles at RBS which included managing director of the strategic disposals group, chief risk officer of the RBS Australia branch and head of structured asset finance, Australia.
In Sydney’s office Stewart would be joined by Christopher Shaw who is expected to relocate from the company’s London office.
Gordon Brothers’ chief executive of international operations, Frank Morton, said: “"Tim's restructuring expertise and ties to the local turnaround community are extensive”.
“Under his leadership, and in partnership with Gordon Brothers Finance Company, we will deliver capabilities and capital long overdue in the Australian market."
At the moment, the company operates out of 26 offices spread across five continents.
Its international markets include Europe, with a major presence in London, Asia, with Tokyo-based operations, and South America, where the company recently opened offices in Săo Paulo, Brazil.
Gordon Brothers is headquartered in Boston.
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