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Deloitte Middle East Strengthens Financial Advisory Practice by Expanding Team with Expert Additions

Middle East, 21 December 2023 – Deloitte Middle East announces expert additions and leadership changes within its Turnaround & Restructuring, Value Creation Services, and Forensic businesses, reaffirming its commitment to delivering high-quality Financial Advisory services across the region.

Strengthening Financial Advisory 

Haroon Ahmed joins as Partner in the Turnaround & Restructuring practice, leveraging his expertise as a registered insolvency practitioner in the UAE, strengthening the firm’s capabilities in executing turnaround strategies and delivering insolvency services.

Alexios Zachariadis joins as Partner in the Value Creation Services team, specializing in Energy, Resources, and Industrials. He focuses on M&A strategy, commercial advisory and business optimization to support his clients’ growth, expansion and transformation activities. With extensive experience, Alexios brings a wealth of local, regional and global expertise, having collaborated with clients in the Middle East and across the globe.

Mahmoud Abougabal, a construction expert with over 16 years’ experience in the GCC and the wider Middle East region, joins the Deloitte Forensic team as Partner. Mahmoud has a robust background as a construction delay expert, providing insights for litigation and arbitration. Mahmoud's work involves collaboration with employers and contractors during the construction project delivery phase, focusing on extension of time claims preparation for contractors and their evaluation on behalf of employers. 

Wayne Thomas, Financial Advisory Managing Partner at Deloitte Middle East, commented, "We are delighted to continue expanding our leadership team and value the expertise and industry-specific knowledge Haroon, Alexios and Mahmoud bring to our Financial Advisory practice. The region is witnessing extensive transformation, leading to economic diversification, along with ambitious and exciting visions for the future. Our team with collective experience, spanning various sectors and regions, reinforces our commitment to providing tailored solutions that drive value and navigate complexities effectively.” 

Leadership Transition in Turnaround & Restructuring

Paul Leggett, Partner in our Turnaround & Restructuring team, serving clients across the UK, the Caribbean, and the Middle East, has taken up leadership of the Turnaround & Restructuring practice from David Stark who will be retiring from Deloitte during 2024 after over 30 years with the firm. Paul is well-versed in turnaround situations, contingency planning, and insolvency, holding qualifications in the UK insolvency and registrations as a liquidator in both the Abu Dhabi Global Market and Dubai International Financial Centre. He is also actively involved in various UAE insolvency roles.

Paul Leggett said, “I am honored to lead the Turnaround & Restructuring practice at Deloitte Middle East. The recent announcement of revised UAE regulations, alongside the success of the KBBO case, has reignited interest among debtors and creditors in leveraging court mechanisms for resolving complex cases. Moreover, the increasing adoption of insolvency laws in KSA has amplified international interest in the Middle East region as a whole.” 

Press contact

Bassel Barakat
External Communications | PR and Media

About Deloitte & Touche (M.E.) LLP:

Deloitte & Touche (M.E.) LLP (“DME”) is the affiliate for the territories of the Middle East and Cyprus of Deloitte NSE LLP (“NSE”), a UK limited liability partnership and member firm of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”).

DME is a leading professional services firm established in the Middle East region with uninterrupted presence since 1926. DME’s presence in the Middle East region is established through its affiliated independent legal entities, which are licensed to operate and to provide services under the applicable laws and regulations of the relevant country. DME’s affiliates and related entities cannot oblige each other and/or DME, and when providing services, each affiliate and related entity engages directly and independently with its own clients and shall only be liable for its own acts or omissions and not those of any other affiliate. DME provides audit and assurance, consulting, financial advisory, risk advisory and tax, services through 29 offices in 15 countries with more than 5,900 partners, directors and staff. 

About Deloitte:

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL, NSE and DME do not provide services to clients. Please see www.deloitte.com/about to learn more.

Deloitte provides industry-leading audit and assurance, tax and legal, consulting, financial advisory, and risk advisory services to nearly 90% of the Fortune Global 500® and thousands of private companies. Our professionals deliver measurable and lasting results that help reinforce public trust in capital markets, enable clients to transform and thrive, and lead the way toward a stronger economy, a more equitable society and a sustainable world. Building on its 175-plus year history, Deloitte spans more than 150 countries and territories. Learn how Deloitte’s approximately 415,000 people worldwide make an impact that matters at www.deloitte.com. 

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