KPMG has appointed Graham Martin and Stuart King to head up its new portfolio solutions group service offering, within its transactions and restructuring practice. The pair will lead a broader team of eight, comprising four directors, three senior managers and one manager. The team joins from PwC.

Simon Collins, global head of transactions and restructuring at KPMG, comments: "One of the consequences of the credit crisis has been the reshaping of the financial industry's balance sheet; ranging from active management of portfolios to restructuring and divestments. To this end, we have ramped up our existing portfolio advisory capabilities, within the financial services team, by appointing two heavy-hitting industry players."

The portfolio solutions group offers loan and asset portfolio advisory services, covering all asset classes ranging from distressed to non-core. The team is based in the UK, Spain, Germany, Thailand and the US.