Wednesday 21 August 2019

McAteer elected managing partner at Grant Thornton

Michael McAteer, elected managing partner with effect from January 1. Photo: Emily Quinn
Michael McAteer, elected managing partner with effect from January 1. Photo: Emily Quinn
Donal O'Donovan

Donal O'Donovan

Insolvency expert Michael McAteer has been elected as managing partner of professional services firm Grant Thornton, and will take up the post in the New Year.

He'll succeed Paul McCann, who completes a second three-year term in the role at the end of 2017.

Mr McCann will continue as partner in Financial Services Advisory at Grant Thornton, and head up the European Banking Group with Grant Thornton International.

Michael McAteer is currently head of Advisory Services with the firm.

He joined Grant Thornton in 2008 as part of a merger with Foster McAteer, where he was one of the principals.

The high profile insolvency practitioner has been involved in some of the biggest and most complex restructuring and receivership deals since the crash.

They include the Eircom examinership, the liquidation of Treasury Holdings, and the administration of Quinn Insurance Ltd.

"It is a great honour to be elected by my partners to lead Grant Thornton into consolidating our position as leading business advisors and seeking opportunities for strategic growth," he said.

"We are in a new era of business which is very different from the last decade, and while it is full of opportunity, there are also numerous challenges on the horizon."

He added: "We are working very closely with our clients to guide them profitably through this time while also staying focused on growing our own business in a number of key sectors."

Since 2012 Grant Thornton has increased turnover by more than 130pc to €110m. The firm now has 48 partners and more than 1,200 staff in Ireland, up from 30 partners and 375 staff in 2012. It has offices in Dublin, Belfast, Cork, Galway, Kildare, Limerick and Longford.

Irish Independent

Also in Business