Wed, May 8, 2013

Former IASB Senior Technical Manager Returns To Kroll

Hilary Eastman Led the IASB’s Project to Develop IFRS 13 Fair Value Measurement

Duff & Phelps Corporation, a leading independent financial advisory and investment banking firm, announced today that Hilary Eastman has returned to Duff & Phelps as a director in the Office of Professional Practice. Eastman’s return follows a seven-year tenure as a Senior Technical Manager at the International Accounting Standards Board (IASB). Eastman led the project that resulted in the accounting standard on fair value measurement (IFRS 13), which was a convergence project with the Financial Accounting Standards Board (FASB).

She was also involved in the project to revise the IASB’s accounting standard on business combinations (IFRS 3) in 2008 and in the development of the IFRS Foundation’s educational material on IFRS 13. Eastman will be based in the firm’s London office.

“We are pleased that Hilary has come full circle with Duff & Phelps, bringing her deep knowledge of complex financial issues and experience on the inside of cutting-edge regulatory activity to help our professionals and our clients navigate a wide range of challenging matters,” said Paul Barnes, managing director and global head of Valuation Advisory Services for Duff & Phelps. “Her unique perspective is an invaluable resource in an environment characterized by increased regulatory pressure, implementation of intricate accounting policies, calls for increased transparency and heated debates over global standardization of valuation practices. Our team is very excited to benefit from her insights once again.”

In her new role at Duff & Phelps, Eastman will focus primarily on valuation issues related to financial reporting under IFRS. She will support client service teams as they work through IFRS technical inquiries and related issues, providing technical reviews and analytical counsel. She will also contribute to Duff & Phelps’ publications, reports, studies and commentary.

Eastman began her career in PricewaterhouseCoopers’ Corporate Value Consulting practice, focusing on financial and tax reporting valuations. She moved from San Francisco to Amsterdam in 2003, as the business expanded internationally. She relocated to London in 2005, the year Duff & Phelps acquired the Standard & Poor’s Corporate Value Consulting group, which included PwC’s legacy valuation business.

Eastman’s transition from her IASB role underscores Duff & Phelps’ commitment to regulatory and thought leadership efforts. She will be part of the firm’s Office of Professional Practice, a firm-wide resource that provides technical guidance on a wide variety of valuation, financial reporting, tax, and corporate finance issues. This team of technical specialists monitors the latest regulatory developments around the world and provides input to key standard-setting and regulatory bodies as they develop new rules and implementation guidance with valuation implications.

About Duff & Phelps
As a leading global financial advisory and investment banking firm, Duff & Phelps leverages analytical skills, deep market insight and independence to help clients make sound decisions. The firm provides expertise in valuation, M&A and transaction advisory, restructuring, alternative asset advisory, disputes, taxation and transfer pricing – with more than 1,000 employees serving clients from offices in North America, Europe and Asia. Investment banking services in the United States are provided by Duff & Phelps Securities, LLC; Pagemill Partners; and GCP Securities, LLC. Member FINRA/SIPC. M&A advisory services in the United Kingdom and Germany are provided by Duff & Phelps Securities Ltd. Duff & Phelps Securities Ltd. is authorized and regulated by the Financial Conduct Authority.

Investigations and Disputes

World-wide expert services and tech-enabled advisory through all stages of diligence, forensic investigation, litigation, disputes and testimony.