News & Insights

Macpherson Kelley has expanded its service offering by investing in a new independent corporate turnaround advisory firm – MCorp Advisory.

MCorp Advisory is a standalone entity that helps private and ASX-listed companies explore their options for future growth or restructure to survive business downturns.

Macpherson Kelley Chief Executive Steve Parker said the impact of the COVID-19 pandemic on the Australian and global economy had thrown many businesses into uncertainty about the future.

He said while government stimulus and support was welcome for companies and employees at the start of the pandemic, serious questions about the viability of businesses into the future will be asked as it is progressively wound back.

“When that happens, we expect there will be significant demand from companies and their leaders for expert advice to help set them up for the future,” Steve said.

MCorp Advisory is headed by specialist advisor and experienced non-executive director Abigail Curtis.

Abi said that at a time when companies were facing unprecedented economic pressure and stress, the need for clear-eyed, independent advice to achieve their goals was more important than ever.

“While the situation may appear daunting, business leaders can be reassured that there are options available to them to protect and ultimately grow their companies,” she said.

“MCorp Advisory is here to provide those options.”

Abi has had an international executive career with global services firms Kroll, KordaMentha, Deloitte and Ernst & Young. She spent almost 30 years assisting listed clients in Asia before joining several Australian listed boards as a NED and ARCC Chair.

Abi is joined by special advisor Geoff Green. Geoff has a lengthy career advising boards and senior management. He is a former registered liquidator and ran a dedicated restructuring team at National Australia Bank.

You can find out more about MCorp Advisory at its website here.