Firm marks rebranding of debt advisory division with senior hire

Restructuring firm FRP Advisory has appointed senior banking professional Andy Pickford to its debt advisory business, which it has also rebranded.

FRP bought Litmus Advisory nearly two years ago, adding three London-based partners, and that division will now be known as FRP Debt Advisory.

Pickford is the first permanent Manchester presence for the debt advisory team.

Dave Edwards, managing director of FRP Debt Advisory, said: “The change of name to FRP Debt Advisory is the natural next step for the team after nearly two years of providing a seamless service of debt advisory work since we joined FRP Advisory as partners.

“Our proven approach as Litmus will not change as a result of the adoption of the FRP Advisory brand, and indeed with the addition of our first ever director outside London, we are adding to our reach and capability in the debt advisory space.”

Pickford, who joins FRP’s Manchester office as a director, spent 17 years with HSBC before moving to RBS in 2006. For the last six years he has been director of origination in RBS Asset Based Lending.

Geoff Rowley, partner at FRP Advisory, added: “The cementing of FRP Debt Advisory within the partnership is part of the firm’s diversification of independent business advisory services.

“At FRP Advisory we continue to offer core restructuring advisory services, but more recently have expanded into corporate finance, forensic services, pensions advisory and debt advisory.”