New York (Sept. 25, 2002) - Global risk consultant Kroll Inc. has expanded its forensic accounting and valuation practice unit, adding former Andersen specialist teams in New York, Seattle and Frankfurt, Germany.

A 10-person team from Andersen's Business Fraud and Investigation Services Practice has joined Kroll's New York Forensic Financial Services Practice.

The New York team is headed by former Andersen partner Brian Loughman, who has been appointed a managing director of Kroll. Richard Sibery, formerly senior manager in the Andersen group, has also been named managing director.

James Yerges, who previously had overseen Andersen’s Pacific Northwest Valuation Practice, has joined Kroll in that region. As a result, the company has opened a Seattle office and a business valuation practice. Yerges will oversee the nine-person team who comprised his former staff at Andersen.

This summer, Thomas Spemann, senior manager of Andersen’s Germany, Switzerland and Austria Business Fraud and Investigation Services Group, joined Kroll’s Frankfurt, Germany, office as managing director and country head for its Consulting Services Group. He has since been joined by three former Andersen forensic accounting and investigative professionals.

In addition, Anthony Alvizu, who served as a senior manager of Andersen’s Chicago Business Fraud and Investigation Services Group, has been named associate managing director of Kroll’s Chicago Forensic Accounting and Investigation Practice.

Kroll now has roughly 450 professionals in its forensic accounting, business valuation, corporate restructuring and litigation support unit.

--Electronic Accountant Newswire staff

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