Deloitte UK has appointed Timothy Mahapatra as
managing director of its corporate finance practice.

Mahapatra has held a number of senior
positions, including head of transaction services and leader of
Deloitte’s M&A programme.

Mahapatra is also responsible for the
corporate finance practice across the EMEA region.

Mahapatra predicts a rebound in M&A
activity this year, with financially strong buyers taking advantage
of current conditions to acquire assets at reasonable
valuations.

“Sectors such as financial services, resources
and consumer products will drive M&A along with a greater
impact from buyers from developing markets,” he said.

Mahapatra succeeds Aidan Birkett who has been
appointed chief restructuring officer to Dubai World.