KPMG Names U.S. Restructuring Chief

KPMG has named Drew Koecher as head of its U.S. restructuring services group. He most recently was service leader for KPMG’s transaction services group and was Americas leader for global accounting advisory services.

PRESS RELEASE

KPMG LLP, the U.S. audit, tax and advisory firm, has appointed Drew Koecher as the leader of the firm’s Restructuring Services group, which works with companies, lenders and other stakeholders to help provide stability, restore confidence, and improve performance and recovery in stressed and distressed situations.

“Drew Koecher brings to this position more than 20 years of experience working with some of the world’s largest corporate and financial clients on mergers and acquisitions, restructuring and integration activities,” said Jack Taylor, Executive Vice Chair – Operations. “With Drew’s leadership and our significant investment, KPMG’s Restructuring Services will continue to provide valuable advice and assistance to companies and stakeholders facing unprecedented pressures in the marketplace.”

Koecher, who has extensive experience working with global and middle-market management teams, investors, lenders and other stakeholders in crisis situations and bankruptcy, will lead a dedicated group of U.S. restructuring partners and professionals.

In addition, this U.S. team will work closely with other global teams of restructuring professionals from KPMG International’s network of member firms. These coordinated teams can deliver client services on initiatives that include Financial and Operational Restructuring, Chapter 11 Advisory, Transaction, Forensic, Tax, Valuation, Debt Restructuring, Real Estate, Business Performance, and Accounting Advisory services. Koecher will also work with Howard Steinberg, who leads the U.S. firm’s Tax Restructuring practice. Koecher will be based in Dallas and New York.

“As liquidity remains scarce and the number of complex capital structures and debt workouts continues to rise, our clients are increasingly demanding a wide-ranging approach with greater professional resources and depth in financial, operational and technical matters. KPMG is ideally positioned to deliver these capabilities in the United States and globally in conjunction with network member firms,” said Koecher. “We have invested heavily in growing Restructuring Services, and are focused on helping clients improve their recovery and future growth prospects.”

Koecher has held several leadership positions at KPMG, including most recently serving as National Service Leader for Transaction Services and the Americas Leader for Global Accounting Advisory Services. He previously served as Industries leader for Transaction Services and as co-chair for KPMG’s Global Energy M&A practice. Koecher joined KPMG in 1999 as Partner-in-Charge for Southwest Transaction Services, serving the private equity and corporate mergers and acquisitions market.

About KPMG’s Global Restructuring Services

KPMG’s Global Restructuring Services comprises teams of dedicated restructuring partners and professionals from the network of member firms of KPMG International. These teams work globally with companies, lenders and other stakeholders to help provide stability, restore confidence and improve performance and recovery in stressed and distressed situations. KPMG’s network of restructuring partners and professionals provides considerable experience in performance improvement, turnarounds, insolvency, mergers and acquisitions, transaction structuring, tax, valuation, real estate, forensic investigations and technical accounting services. KPMG’s restructuring teams assist clients in developing and evaluating business turnaround scenarios, improving cash and liquidity, assessing capital structuring alternatives and enhancing recovery options out of court and in bankruptcy.

About KPMG

KPMG LLP, the audit, tax and advisory firm (www.us.kpmg.com), is the U.S. member firm of KPMG International. KPMG International’s member firms have 137,000 professionals, including more than 7,600 partners, in 144 countries.