Interpath Launch New Bermuda Office
Interpath announced the launch of a new Bermuda office, with Rachelle Frisby appointed CEO of Interpath’s network of offices across the Caribbean,.
A spokesperson said, “Interpath, a leading international financial advisory firm, is proud to announce the launch of a new office in Bermuda as the firm continues to strengthen its suite of restructuring and advisory offerings across offshore markets.
“Spearheading the firm’s expansion into Bermuda is Rachelle Frisby, one of the country’s preeminent restructuring and insolvency practitioners. Rachelle has been appointed CEO of Interpath’s network of offices across the Caribbean, including British Virgin Islands, Cayman Islands, Eastern Caribbean and Barbados. As part of this role, Rachelle joins Interpath’s group executive committee.
“With over two decades of experience, Rachelle previously led the Bermuda and BVI financial advisory practices of a Big 4 firm. She specialises in providing restructuring and insolvency services to a diverse range of Bermuda-domiciled entities including [re]insurance companies, investment businesses, banks, hotels, and various operating companies, with many cases involving fraud, embezzlement, and cross-border asset recoveries.
“Rachelle has also led advisory engagements for Bermuda and Caribbean-based clients. These include independent business reviews of debtor clients of financial institutions, forensic investigations, acquisition due diligence services, and Anti-Money Laundering/Anti-Terrorist Financing consulting.
“Following its acquisition of Kalo in July 2022, Interpath has acted on high-profile engagements including acting as receivers in relation to the significant Port Link GP Ltd and The Port Fund LP entities; leading the successful restructuring of the All Year property portfolio valued in the region of $850m; acting as receivers over all the assets held by or on behalf of Hector DAO; as well as handling the provisional liquidation of the crypto trading and market-making firms Auros Tech and Auros Global, and the liquidation of Three Arrows Fund, a feeder fund of Three Arrows Capital.”
Commenting on the launch of Interpath’s offering in Bermuda, Mark Raddan, CEO of Interpath said, “As we continue to drive forward our ambitious international expansion plans, Bermuda’s reputation as one of the world’s leading offshore financial centres was a key factor in why we’ve chosen to locate our newest office here. Combined with our existing footprint across BVI, Cayman, Barbados and Eastern Caribbean, we now have real strength in depth across these important markets.”
Mr Raddan added, “Rachelle is an exceptional restructuring and advisory practitioner, with considerable experience advising clients and their stakeholders on complex insolvency and advisory engagements, so hiring someone of her calibre and experience to lead and expand our footprint across offshore financial markets is a real coup.
“I look forward to working with Rachelle, and the rest of our fantastic team in the Caribbean, as we continue to grow and develop our cross-border capabilities, compete for the biggest global mandates and create tangible value for our clients.”
Rachelle Frisby added, “Since its inception three years ago, Interpath has been shaking up the status quo in the global restructuring and financial advisory markets, so I couldn’t be more excited by the opportunity to lead and expand our business, not just in Bermuda, but across the wider Caribbean region.
“The firm has a proven track record of working collaboratively and collegiately across geographies, meaning it’s able to deliver complex global mandates seamlessly.
“The scale of ambition across Interpath, with its stated aim of having a presence in all of the world’s major financial markets by 2030, is inspiring, and I can’t wait to play my part in helping drive the business forward.”
The spokesperson said, “With over 780 people working across 18 offices across the UK, France, Ireland and the Caribbean, Interpath aims to be one of the world’s leading financial advisory firms. The firm has plans to grow to 2000 staff across a truly global office footprint by 2030.”
