FRP Corporate Finance strengthens North East team with new appointment

We have strengthened our regional and nationwide service offering with the appointment of Marc McDermott as Director.

Marc joins our Newcastle office after nearly eight years as Chief Financial Officer for ecommerce agency Visualsoft and brings more than 25 years’ experience across financial services and industry to the role.

A qualified chartered accountant, he began his career at EY in Newcastle, before entering corporate banking with Bank of Scotland in 2002. Following a period at the Bank of England, where he helped deliver regional economic intelligence to support policymaking, he joined Royal Bank of Scotland, rising to become the bank’s Regional Director for the North East. He subsequently spent five years as the group CFO of global engineering group British Engines.

At FRP, Marc will work closely with Partners Abu Ali and Phil Williams to support our clients across the UK looking to finance their strategic growth plans, with a focus on mid-market M&A and Debt Advisory.

His appointment bolsters our footprint in the North East, after we established a dedicated Corporate Finance team in Newcastle in September 2024 with the acquisition of WilliamsAli Corporate Finance.

The strategic move significantly enhanced our Corporate Finance capabilities in the region, and complemented our already strong local Restructuring Advisory practice.

Marc McDermott, Director at FRP Corporate Finance, said: “This is an incredibly exciting time to be joining the business, given FRP’s own growth trajectory and current market conditions, which make access to sound strategic advice even more important for all parties involved in corporate transactions and funding.

“I was particularly impressed by the scale of FRP’s national network and the breadth of its service offering. Alongside core corporate finance solutions, this enables us to deliver a comprehensive, seamless, end-to-end service to clients; something I valued in my time on the other side of the table in both banking and industry roles.”

Abu Ali, Partner at FRP Corporate Finance, added: “Marc brings direct experience of being in the shoes of the lenders we work with and the management teams we support – something that I know his clients will deeply value.

“This marks an exciting expansion of our new North East team, and it’s a pleasure to welcome someone of his experience and calibre just a few shorts months after becoming part of FRP.”