Hey has been placed on gardening leave but is due to return to CDR after a six-year absence in the next six months. He is to take the post of director at the firm within its financial practice, reporting to CDR managing director Patrick Donovan.
Hey’s main Smithfield clients included Securitas (PRWeek, 21 May) and Henkel (PRWeek, 11 March). He recently advised Baltimore Technologies on Acquisitor Holdings’ ultimately unsuccessful bid to unseat its board.
He has also worked on the IPOs of BankAustria Creditanstalt and Telkom South Africa as well as the planned IPOs of Prada, KPN Mobile and Leica Microsystems.
Hey worked at Dewe Rogerson as a director until 1998 shortly after its merger with Citigate. He specialised in UK and European privatisation as well as M&A and restructuring deals.
Hey joined the then Chime Communications-owned Smithfield Financial as a director before co-founding Smithfield Consultants in 2003, the MBO vehicle which separated Smithfield from Chime, with chairman Tim Trotter, CEO John Antcliffe and MD John Kiely.
‘It is a very exciting move and I am looking forward to getting things under way,’ said Hey.