Mark Raddan, chief executive of UK restructuring firm Interpath Advisory, has been fined for breaching confidentiality rules before the business was sold by KPMG. Raddan, a former KPMG board member, was severely reprimanded by the ICAEW and ordered to pay more than £8,000 in fines and costs over allegations that he failed to comply with confidentiality standards. The reprimand came after Raddan was investigated for sending a third party a document containing confidential client information and for disclosing details of fees charged by another firm to its clients. The fine relates to Raddan's conduct in 2018 and 2019, when he was on the board of KPMG UK and was one of its most prominent restructuring partners, working as the Big Four firm's global head of turnaround. Raddan's breaches were identified during a regulatory review of KPMG's work. No KPMG client suffered a loss or made a complaint as a result of Raddan's actions.

Interpath is one of the UK's most prominent restructuring groups, having run the administration process for Claire's Accessories and the parent company of energy supplier Bulb. It was also involved in the restructuring of TGI Fridays UK and completed a financing review for the owners of Côte Brasserie. Three months after a 2021 tribunal handed KPMG a near-record £13mn fine over its work advising on the collapse of mattress manufacturer Silentnight, HIG bought KPMG's restructuring division for more than £350mn, creating what is now Interpath Advisory.

Raddan was appointed to lead Interpath after former chief executive Blair Nimmo stepped down in 2024. Interpath initially struggled to make a profit, reporting losses in 2022 and 2023. It reported a £3.1mn pre-tax profit in 2024 before falling to a pre-tax loss of £8.1mn for the year to March 2025 on revenues of £198.1mn. Bridgepoint bought a majority stake in Interpath from HIG this year, valuing the business at about £800mn.