{
  "id": 3477720,
  "title": "Interpath chief fined for breaching confidentiality rules before KPMG spin-off",
  "url": "https://urgent.news/2026/08/26/interpath-chief-fined-for-breaching-confidentiality-rules-before-kpmg",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-26T09:43:32.000Z",
  "source": {
    "name": "City AM",
    "slug": "city-am",
    "url": "https://www.cityam.com/interpath-chief-fined-for-breaching-confidentiality-rules-before-kpmg-spin-off/"
  },
  "original_language": "en",
  "account": "Mark Raddan, the former chief executive of restructuring firm Interpath Advisory, has been fined £8,000 by the UK's accounting body, ICAEW, for allegedly breaching confidentiality standards before the firm was sold to KPMG in 2021. The ICAEW found that Raddan, a former KPMG board member and global head of turnaround at Big Four accounting giant, violated confidentiality rules on two separate occasions. In October 2018, he allegedly sent confidential information to a third party, and in January 2019, he shared data on fee charges for two unrelated clients. Raddan was on KPMG UK's board at the time of the misconduct and worked as the Big Four firm's global head of turnaround. Interpath Advisory was sold to private equity group HIG Capital for £400m, making the restructuring firm the largest in the UK by headcount. Interpath reported a third loss in four years in January, with a pre-tax loss of £11m for the year until March 2025. The restructuring arm of KPMG was also under scrutiny for its work with mattress company Silentnight, which later collapsed. KPMG was fined £13m by an accountancy tribunal for its role in the Silentnight sale to a private equity fund.",
  "summary": "The chief executive of restructuring firm Interpath Advisory has been fined for allegedly breaching confidentiality standards before the company was sold to private equity by Big Four accounting giant KPMG, its former owner. The UK’s accounting body, the Institute of Chartered Accountants of England and Wales (ICAEW), said Mark Raddan, a former KPMG board member, [...]",
  "key_points": [
    "Former Interpath CEO Mark Raddan fined £8,000 by ICAEW.",
    "Raddan breached confidentiality rules twice before KPMG spin-off.",
    "Interpath sold to HIG Capital for £400m in 2021."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}