Desmond Teng leads Moore Australia’s new insolvency offering

21 December 2021 Consultancy.com.au 1 min. read
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Professional services group Moore has installed Desmond Teng at the helm of its new insolvency practice.

Desmond Teng brings over fifteen years of experience in corporate recovery and insolvency to the Australian wing of the global accounting and consulting firm. Appointed a partner, he will spearhead the firm’s newly launched restructuring and insolvency offering.

“Our connection with clients means they expect a full service offering with the same straightforward, high-quality advice and the passion we bring every day. The new recovery and insolvency service enables us to extend this Moore value when it is most needed,” said Paul Breedon, a long-standing partner at Moore in Australia.

Desmond Teng leads Moore Australia’s new insolvency offering

The new offering includes preparing independent expert reports and acting as an expert witness in Supreme Court actions which involves investigations and analysis of company records, complex transactions, and financial statements.

Teng is a registered liquidator by the Australian Securities & Investments Commission and a Professional Member of the Chartered Accountants Australia and New Zealand and the Australian Restructuring Insolvency & Turnaround Association.

He most recently served specialist insolvency Chifley Advisory servicing clients Australia wide. Before that, Teng spent over a decade at Cor Cordis, a Melbourne-based advisory and restructuring and turnaround consultancy. “Desmond excels at managing diverse stakeholders, including secured lenders, creditors, and directors,” said Breedon.

“What attracted me to Moore was the culture and connection to clients. I feel very strongly about building meaningful relationships with stakeholders, ultimately creating better results for all parties. The Moore network allows me to extend a critical service to colleagues across the region, and through the ASX-listed space.”