Property agency Savills has appointed a new recoveries and receivership team at its Birmingham office.
The move sees four new team members all join from rival consultancy JLL who bring a new service line to its offer in the Midlands.
Alistair Wright and Simon Hunt, joining as directors, were national heads of the recoveries and receivership team at JLL and have more than 50 years of receivership and restructuring experience between them.
Vicky Beach is an associate who has worked in the sector for more than 15 years while recoveries administrator Julie Brain brings 12 years of recoveries experience.
They will be working with lenders, insolvency practitioners, turnaround professionals, private equity houses and personal enterprises either in distress or seeking to restructure.
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Simon Collett, head of professional services at Savills, said: "The appointment of a new Midlands-based recoveries team is a strategically important addition for the professional services provision at Savills and is set to supplement the existing successful national recoveries team based in London and the south.
"The new team are renowned for their regional and national expertise in their field and we are delighted to welcome them to our office in Birmingham."
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