New York (June 10, 2004) - Global risk consulting concern Kroll Inc. widened the European presence of its Corporate Advisory & Restructuring Group, luring aboard two KPMG executives from that Big Four firm's corporate recovery practice in France and establishing an alliance with a German restructuring and insolvency firm.

Kroll has partnered with Thierhoff, Illy & Partner, a German restructuring and insolvency firm that will work exclusively with Kroll on cross-border restructuring engagements in Germany.

Meanwhile, Nicolas de Germay, previously the head of KPMG’s Corporate Recovery practice in France, and Emmanuell Bonnaud, a partner in that practice, will join Kroll.

De Germay specializes in corporate strategies and restructuring packages and is also the current chairman of the French Society of Turnaround Professionals. Bonnaud’s background includes extensive experience working with insolvent businesses as well as informal business reviews and restructuring assignments.

 “The addition of these two teams to our European network significantly strengthens Kroll's ability to support U.K. and U.S. investors in Europe, enabling us to offer clients a complete spectrum of professional advice and solutions to complex corporate problems,” said Simon Freakley, global head of Kroll’s Corporate Advisory & Restructuring Group, in a statement.

- WebCPA staff

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