will I * - Turnaround Management Association (UK)

tma.uk.org

will I * - Turnaround Management Association (UK)

.FEATURE/POWER 100

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nan industry witnessing consultation an

regulatory reform and heavily fluctuating

workloads it is great to see so many rescue

professionals excelling at what they do.

While the industry is all too often

misrepresented in the notional media, those

professionals in the turnaround business create

an environment in which entrepreneurial flair

can blossom to ensure abs are protected even

in the event ot failures.

As the industry’s beacon, Insolvency Today

sees the Power 100 as an important opportunity

to recognise practitioner talent, skill and

innovation, After all, there has been no time in

recent history when this skill set has been sa

invaluable in keeping the cogs of Bntish

business turning. Recent comments about

contingency planning far a Eurazane failure

have dane nothing ta disperse the clouds

gathering in recent weeks.the inevitable

impact at other economies an aur awn means

that we need practitioners, bankers, lawyers

and accountants wha are willing to put in the

extra effart ta assess every patential outcome

far distressed businesses.

We believe the 100 individuals making this

year’s list are exactly thase making the

difference and I’m guessing same of you will be

wandering how you made the cut far this year’s

list. Four months ago, the nomination process

began.The entire industry were asked to vote

far who should make the grade in their eyes.

the Power 100 list was heavily pramated in bath

the magazine and an the Insolvency News

website and the response was overwhelming.

Initially, there were hundreds af individuals

who patentially could have made the list far

too many to be included and, at caurse, some

who were ultimately undeserving af such an

accolade,

From the list at nominations, practitioners

were scared an six metrics:

Practical contributian

Influence

Industry reputation enhancement

Recard at industry labbying

Regulatory leadership

Peer assessment

Fram this, we graded this year’s Power 100,

a truly exceptianal graup af individuals.

-

DICEMBER 2011


In partnership with \N’illis

B

U e~w3

STEPHEN AI.UNSON MOON BEEVER

Stephen Allinson is an IP and

solicitor and, since 2008, has

been a consultant in the

Insolvency and Business

Recovery team at Moon Beever.

Allinson, who was once the

youngest lawyer with the

Licensed Insolvency Practitioner

qualification, now concentrates

on insolvency assignments and

business development at the

London office. He was previously

an equity partner and a member

of the management board at

Clark Willmott for more than 15

years. Allinson, is a director at

Yeovil Town FC and has

specialised in insolvency work

since 1987. He is also the Law

Society director on the Joint

Insolvency Examination Board.

KON ASIMACOPOUIOS

KIRKLAND & EllIS

kon Asimacopoulos Is a partner

in Kirkland’s European

Restructuring Group. He has

worked for a range of stakeholders

in national and

international financial restruc

turing, insolvency and complex

dispute resolution at airs.

Asimacopoulos who has een

described as a “rising s ar’ n

his fi Id -, has acted for deb ors

and Ps of nationa and

multinational corporations in

cross-border insol encies and

orked on reorganisation

ransac ions. He has also acted

for a debt and equity investors -

including investment banks

private equity houses and hedge

funds - in stressed and

distressed 5itua ions.

Asimacopoulos has also been

recognised as one of the Hot

100’ lawyers in Europe for 2011

and Is often quoted on egal

media, res ructuring, insolvency

and dist essed related subjects.

NEIL BENNEfl’ LEONARD CURTIS

Qualified IP Neil Bennett is a

director at Leonard Curtis

Business Solutions and has been

a partner at the firm since 2001.

Bennett - who has

experience dealing with a range

of insolvency, recovery and

turnaround work - heads up the

London office. The Business

Solutions Group scooped the

Corporate Recovery Firm of the

Year (mid-sized firm) award for

the second time at this year’s

Insolvency & Rescue awards.

JUSTIN BICKLE

OAKTREE CAPITAL MANAGEMENT

Justin Bickle is the managing

director of Oaktree Capital

Management. He is also a

founding member of the firm’s

European Principal Group and a

member of its European

investment Committee. Sickle’s

position entails sourcing,

negotiating, structuring and

monitoring the company’s

private equity and loan

investments in the UK, Western

and Central Europe. Over the

past five years the European

Principal Group has closed 17

special situations and loan-to

own control transactions,

deploying more than £2.2 billion

of equity capital. He graduated

from the University of Exeter

with a degree In Law — has twice

been named one of the ‘Hot 100’

lawyers in the UK.

Ii? BINGHAM E&Y

Liz Binqham is head of the

Liquidations and Strategic Exit

Routes (LASER) practice at

Ernst & Young. The team deals

with solvent and insolvent

liguidations, the tax-efficient

closure and wind-down of

businesses, and helps

companies simplify their group

structures to allow for improved

risk management. Bingham -

who has built up more than 20

years’ experience in corporate

restructuring — specialises in

assisting clients exit from noncore

businesses. She has acted

for a range of UK Pics and her

solvent restructuring

assignments have returned

more than £5 billion of value to

shareholders.

ALAN BLOOM ERNST & YOUNG

Alan Bloom joined E&Y in 1981

andhas forged an impressive CV

helping to rescue struggling

companies. His appointments

include administrator of the

UK’s largest ever property

development - the Olympia and

York Canary Wharf project - and

administrator of Barings, the

UK’s oldest merchant bank. He

has previously served as the

Association of Business

Recovery Professionals CR3)

president and was the only

practitioner on the

Government’s DTI/Treasury

Working Party on the review of

Insolvency and Company Rescue

Mechanisms. He has specialised

in corporate restructuring work

since 1978.

NIGEL 800BIER OSBORNE CLARKE

Nigel Boobier is a partner and IP

at Osborne Clarke s Bristol

office. He leads a team dealing

with restructuring and

insolvency issues and also acts

for The Insolvency Service in

cases under the Company

Directors Disqualification Act

1986. Boobier has built up

experience acting for lenders,

corporates, directors, creditors

and office holders in

restructuring situations. Boobier

- who joined Osborne Clarke in

1997 before becoming a partner

in 2002— was described as a

‘great all-rounder and

‘unflappable in the d

crises’ by lawyer gu

Chambers.

KEVIN BOOTH BARCLAYS

Kevin Booth became the UK

head of business support and

recoveries at Barclays in 2010

after previously having spent

five years in charge of

restructuring. Booth - whose

career at the bank spans more

than 30 years - is a strong

advocate of the Barclays

business support turnaround

model. He has spent the last 13

years working in credit risk

management. He joined

Barclays in the North West and

has since spent the majority of

his working life in London and

the South East in a number of

positions. These entailed

client-facing relationship roles

in front office through to credit

risk management.

LOUISE BRI1IAIN DEIDIflE

Louise Brittaln is head of the

Contentious Insolvency Team

at Deloitte. She specialises in

high-profile, contentious and

criminal cases, internationa

asset tracing and fraud.

She was a trustee in the

high-profile bankruptcies of

Jonathan Aitken, Neil

Hamilton, Bruce Grobbelaar,

Kerry Katona and CoHn Hendry

and has gained considerable

broadcast experience,

promoting the industry on fl’.

She was the first P to obtain

recognition of a UK bankruptcy

order in Israel and Switzerland

and is an R3 council momber.

Before becoming a familiar

face, Brittain started her

caree at Deloitte Haskins and

Sells, before moving o Baker

Tilly In 1996 where she spent

13 years. She has also been a

member of the Insolvency

Service Steering Board and is a

member of the Fraud Advisory

Panel

COLIN BIRD TM/A GROUP

Cohn Bird founded the Tawa

Group in 2001 and is currently

the chairman of Tawa plc. He is

responsible for the Tawa

insurance companies and is the

CEO of both CX RE and KX RE

reinsurance firms. Tawa -

which was floated on the AIM

market in 2007— manages the

run-off of non-life insurance

companies and portfolios of

policies. Previously, Bird was

the financial services leader

and head of risk management

for PricewaterhouseCoopers’

Global Financial Advisory

wm’i.insolvencynews.cem


QF TURE/POWER 100

Services division. Overall,

he spent 33 years at PwC, 20

of those as partner, and

undertook the restructuring

assignments of financial

services clients in the UK, US

and the Far East.

PATRICK BOVIJEN PWC

Patrick Boyden is a partner at

PwC and boasts more than 35

years’ experence dealing with

personal insolvencies. He has

handled the bankruptcies of

several well-known figures.

including ‘nsurance broker

Roger Levitt, Bill Roache ‘Ken

Barlow’ from Coronation

Street, Jimmy White and

Chris Eubank. Boyden has

been the trustee of more than

3,000 bankruptcies over the

past 12 years and was held in

high esteem in our nomination

submissions, particularly by

those working at law firms.

He has headed the Personal

Insolvency Team since 1994

and is also a member of the

DTI working party on VA

reform. Most recently, he has

become a visiting Fellow of

Kingston University Law

School.

PATRICK BRAZZI~ E&V

Patrick Brazzil is an executive

director and one of the

leaders of Ernst & Young’s

Liquidations and Strategic

Exit Routes (LASER) practice.

He is currently one of the

administrators of financial

services provider Kaupthing

Singer & Friedlander and has

clocked up almost 30 years of

corporate restructuring

experience, joining Ernst &

Young in 1986. Previously,

Brazzil was at the Insolvency

Service where he worked as

an examiner for four years.

He was appointed president of

the Insolvency Practitioners’

Association in April, during

the group’s 50th year.

BEVERIIY BUDS VIORTN

THE DEBT ADVISOR

Beverley Budsworth is an P

and the managing director of

The Debt Advisor.

She launched the firm in

2000 in a bid to tackle the UK’s

rising debt levels and has since

become a recognised industry

figure on insolvency issues.

As both an entrepreneur and

debt professional Budsworth has

witnessed many ups and downs

in her professional life, but has

never failed to overcome

difficulties and has, as a

consequence, garnered huge

industry support. Her

exceptional knowledge and

experience coupled with great

charm and wit has ensured she

remains a favourite among the

consumer press, doing huge

amounts to raise the profile of

the sector in a positive light.

Over the years, she has been

asked to join a number of

government-led working parties

to examine ways to simplify the

formal procedures of helping

people out of debt. Recently, she

has been interviewed by BBC

News about personal insolvency

issues and is also a member of

the Insolvency Practitioners

Association, the Personal

Insolvency Committee and the

Debt Resolution Forum.

Bill BURCH COMPlIANCE ON CAft

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Bill Burch is the owner of

insolvency compliance service

provider Compliance on Call,

Founded by Burch in April 2005,

the company now has over 140

IP clients and has also assisted

with over 2S°/a of the country’s

appointment-taking IPs.

Burch sports an eclectic CV -

he formerly was a radio

presenter in the Middle East and

supper club DJ before choosing

to join The Insolvency Service in

1993 as an insolvency examiner.

He then spent nine years as an

examiner at the official

receiver’s office in Gloucester

before joining ACCA in 2002 as

a compliance officer. Father-ofthree

Burch - who is a member

of the R3 and IPA - was joined at

Compliance on Call by his former

boss Gareth Limb in 2006.

MARK BYERS GRANT THORNTON

Mark Byers is a partner and

head of the client service at the

Recovery and Reorganisation

practice at Grant Thornton.

He is also the global service line

leader within Grant Thornton

International Experience.

Byers - who has been a

partner at the company since

1990 - has more than 20 years’

experience working in corporate

finance and restructuring. In the

last five years, licensed IP Byers

has led a range of international

workout assignments - including

high-profile restructurings with

debt exposure in excess of ESbn.

Byers also has experience in

M&A, IPOs and MBOs and

regularly advises large banking

syndicates to financiallydistressed

businesses in the UK,

Europe, North America and Asia.

TRACEY CAH.AGKAN BAKER TILLY

Tracey Callaghan runs the

Restructuring and Recovery

practice - which includes

forensic services — at Baker Tilly.

Licensed IP Callaghan - who

boasts more than 25 years’

experience in the industry - is

also a member of the firm’s

national management team.

The team is responsible for

the future strategy, develop’

ment and day-to-day running of

the company and has overseen

its growth to become a mid-tier

firm of chartered accountants.

Before assuming her role at

the restructuring and recovery

practice, Callaghan had been the

office managing partner in both

Watford and Chelmsford.

GEOFF CARlO tFKEIIY BAKER TILLY

Geoff Carton-Kelly heads up the

special investigations team at

Baker Tilly. The group has works

on contentious insolvency and

asset-recovery issues, both in

the UK and abroad. Recent

cases have included courtappointed

receiverships,

provisional liguidations, PIU

liquidations, compulsory

liquidations and Criminal Justice

Act appointments. Carton-Kelly

— who is a partner in the London

office - has more than 27 years’

experience, especially dealing

with administrations,

receiverships, restructurings

and bankruptcies.

MA1THEVi CHADVACK BOO

A

Matthew Chadwick is the

national head of courtwork

BOO LLP. He has practiced

insolvency for 25 years and

after grasping the opportun

to build a personal insolven

business in 2006, the firm

grown from just him and a

manager to a 23-strong

company in London and Lee

In October, Chadwick be

joint winner of the Insolven y

Practitioner of the Year

(personal) award at the

Insolvency & Rescue Award

His financial manageme t of

the firm helped negotiate t e

business profitably through the

2008 property crash which hit

many of BOO’s competitors.

Chadwick’s present portfolio

consists of asset bankruptc

antecedent transaction litig

and investigations in relatio

asset-protection schemes.

FRANCES COULSON

MOON BEEVER /113

Frances Coulson is the president

of the Association of Business

Recovery Professionals (R3) and

has also enjoyed an impressive

rise through the ranks at Moon

Beever. After becoming a

solicitor in 1986, Coulson

became a partner in 1988 and

was named managing partner in

2000. In 1999, the mother-ofthree

set up international law

firm Shawn Coulson alongside

-~

DECIMBER 2011


In partnership with VViIIis

William Shawn, heading up the

London office too. The King’s

College Law graduate is a

regular quest speaker, both at

home and abroad, about

insolvency, e-commerce and

practice management.

TYRONE COURIMAN COOPER P~DRY

Tyrone Courtman is a lead

partner and head of business

turnaround, restructuring,

recovery and insolvency

services at Cooper Parry LLP.

He has more than 20 years’

experience advising lenders,

distressed investors and

individuals facing complex

financial restruc uring and

recovery situations. Courtman -

who is a well-known figure in the

Midlands’ business community -

was a member of the judging

panel of this yea ‘s Insolvency

and Rescue Awards,

Chartered accountant and

licensed P Courtman has also

been the UK president of the

Turnaround Management

Association (TMA) in 2008 and

2009 and currently sits on the

ICAEW’s special interest group

for insolvency.

ANDY GUMMING

LLOYDS BANKING GROUP

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Andy Cumming is the managing

director of the global business

unit at Lloyds. As a corporate

banker, Cumming has garnered

more than 34 years’ service with

risk and distressed asset

management and now handles

assets in the UK, US, Ireland and

Australia.

He assumed his latest role at

the start of 2011 after previously

being the principal lending

officer for the wholesale arm of

Lloyds Barking Group — where

he was seen as the most senior

authority for credit decisions

across the division,

Cumming — who has also

previously been a relationship

banking director - was also on

the judging panel for this year’s

Insolvency Rescue Awards.

EDWARD DAVEY NP

Edward Davey MP is the minister

for employment relations,

consumer and postal affairs.

Former economist and

management consultant Davey

assumed his current role in the

coalition government in 2010.

The LibDem politician was

recently featured in Insolvency

Today speaking about the

hallenges facing the proposed

hanges to pre-pack legislation.

espite recognising they offer a

flexible and quick rescue” he

Iso spoke about the concerns

raised by the rapid recovery of

some of these so-called

‘phoenix’ businesses.

Davey - who graduated from

Oxford with a first class

SA degree in Philosophy, Politics

and Economics in 1988- is also

the MP for Kingston and

Surbiton.

MARK DAVIES JMW SOliCITORS

Mark Davies is a Manchesterbased

partner of the Corporate

Recovery and Insolvency team

at JMW Solicitors LLR

He joined the firm in July this

year having moved from national

law firm DWF where he was a

partner for more than 10 years.

Davies has been involved in

many major and national

personal insolvency cases and

has successfully acted for lPs on

reported cases,

STEPHEN DAVIES

GUI[DHMI CHAMBERS

Stephen Davies OC practices in

all aspects of personal and

corporate insolvency sports law

and is a member of the Gulldhall

Chambers. Over the past two

years he has advised on cases

such as Lehman Brothers,

Madoff, The Anglo Irish Sank

and the former chief executive

of Polly Peck Asil Nadir. Davies

has appeared in around 100

reported insolvency cases and,

as well as addressing new

problems and issues arising out

of the global credit crunch, he

continues to specialise in failed

PFI/PPP projects, sports

insolvencies and clawback

claims. From March 2009 to

March 2010 he was also the

president of the Insolvency

Lawyers’ Association and

remains an active member of its

council.

ST EL LA DAVIS

SPY) POPPLETON &APPLEBY

Stella Davis is a licensed IP who

deals with both corporate and

personal insolvency work at

SPW Poppleton & Appleby. She

has a hands-on role with the

firm’s insolvency case work.

Davis qualified as an IP in

2007 and, described personal

insolvencies as an area she has

“have never shied away from”,

Davis - who joined SPW

Poppleton & Appleby in 2000-

explained that she takes

pleasure in helping people get

back onto their feet following

money difficulties.

She firmly believes the

general public is in need of

better financial education to

help manage their finances,

Her strengths lie in bankruptcy

liquidations, administrations,

voluntary arrangements, debt

restructuring and business

turnaround.

COLIN DEMPSTER ERNST & YOUNG

Cohn Dempster is a partner

within the restructuring division

at Ernst S. Young. Dempster —

who spent four years working as

a partner in London before

heading back to Scotland in

2001 - is arguably best known

for the case involving Scotland’s

oldest carpet maker Stoddard

International, as well as Stadia

Group and Vida Sports.

Dempster previously spent

15 years at Arthur Andersen and

developed experience from

advising stakeholders in

distressed companies through to

formal insolvency.

He also has a strong

understanding of restructuring

assignments in the oil service

sector - mainly based in

Aberdeen.

MAlT DUNHAM

GRANT ThORNTON

Manchester-based Matt

Dunham is one of the partners

at Grant Thornton. Since 1990,

Dunham has built u’

considerable experLince with

both formal and inf’ rmal

insolvency across t e North

West, specialising corporate

mid-market deals. C iring that

period he has ceme ted his

position as a sough.-after

adviser to major cI aring banks

across the region, with a case

history including a broad

swathe of sectors such as

football, retail, automotive,

aerospace and mar ‘ifacturing.

He has also bee,i on R3’s

North West commil tee for six

years - during whic 1 he was the

regional chair for tt’ree years -

and was also a rner ber of its

policy group

CLAIRE DWYER

JONES 10

A

Claire Dwyer is an P and

corporate recovery consultant,

as well as co-founder of Jones

Lowndes Dwyer LLR Dwyer is a

member of the R3 North West

Women’s Group committee and

qualified as a certified

accountant and IP at PwC.

Dwyer established Jones

Lowndes Dwyer in 2005 with

her typical appointments

involving the administrations of

motor dealerships and

construction companies. She is

often the first port of call

POWER

1©@

wintinsolvencyneis.coui


0r1° F TURE/POWER 100

for fellow professionals in

need of advice and advises her

clients on all aspects of

corporate recovery and

insolvency.

JOANNA ELSON

MONEY ADVICETRIJSI

Jo nna Elson is the chief

execu I e of independent

charity the Money Advice

Trust. The former primary

school cher assumed her

role at the organisation in

2006 after leaving her

previous role as executive

director of the British Bankers

Association. The charity -

which was formed in 1991

helps people across the UK

tackle their debts and manage

their money more effectively.

In doing so it works with the

government, the private sector

and a.rangeof money advice

agencies. Elson - who is tasked

with the overall running of the

trust - has also been a trustee

of the Personal Finance

Education Group charity and

acted as a volunteer for a

number of other charities.

CARL FAULDS PORTLAND BUSINESS

& FINANCIAL

Never out of the limelight, Carl

Faulds is a former president of

the IPA and the managing

• director ot Portland Business

and Financial Solutions. Faulds

has continued to build the

profile of the industry after

stepp ng down as IPA president

and the industry has

collectively recognised his

contribution in taking senior

government figures to task

over the future of regulation in

the market. Since 2010, he has

represented local trade

creditors in the two

administrations of Portsmouth

FC and has been the

administrator and supervisor of

Salisbury FC. Over the years,

Faulds — who has been the

managing director at Portland

since 1990- has also rescued

AC Cars though a CVA, as well as

the Morning Starnewspaper

without suffering a break in daily

national publication.

GLEN F[.A iNERY NABARRO

Glen Flannery is a partner at

Nabarro. He regularly advises

debtors, creditors, IPs and other

stakeholders about receivership,

administration, CVAs and

liquidation issues. And Flannery

also has particular expertise

when it comes to international

and cross-border insolvencies.

Notably, Flannery recently

assisted the US Securities and

Exchange Commission with the

cross-border insolvency aspects

of the global fraud investigation

into Stanford International Bank.

In the 2010 and 2011 editions of

Chambers & Partners he was

ranked as a leading individual

and described as

“knowledgeable and astute”, as

well as “proactive and

innovative”.

RICHARD FLEMING KPMG

Richard Fleming is the UK head

of Transactions and

Restructuring at KPMG, leading

more than 1,500 employees. He

was one of three KPMG figures

to become ‘the special ones’

earlier this year when he took on

the ‘special’ administration of

MF Global UK under the neverbefore-used

rules that came into

force after the collapse of

Lehman Brothers. He boasts 25

years’ experience leading

turnaround, work-out

assignments and various forms

of insolvency solutions for

under-performing companies.

Fleming studied at the

University of Tasmania and was

responsible for the restructuring

of JJB Sports and Black Leisure.

He is recognised for taking both

companies through CVAs

without any share suspension.

Fleming’s sector expertise

includes manufacturing, leisure,

transport, retail, gas and

automotive. He has widespread

experience selling businesses

both in the UK and overseas.

SANDRA FRISBY

NOHINOHAM UNIVERSITY

Sandra Frisby is the associate

professor in company and

commercial law at the University

of Nottingham. Frisby — who

assumed her role of lecturer in

1999— is particularly interested

in corporate insolvency law,

company law and property law.

Her current research

activities include investigating

the legal responses to the

corporate rescue ideology and

the impact of insolvency on

corporate employees.

Recently, Frisby undertook

research into the hotly-debated

topic of pre-pack

administrations. Despite

criticism from some quarters,

Frisby found that in over 9O°/c of

pre-packs the jobs in the

business are saved, compared to

about 600/c in other insolvency

business sales.

MARK FRY BEGBIES THAYNOR

Mark Fry is an IP and the

regional managing partner at

Begbies Traynor, responsible for

London and the South East.

He has garnered more than 20

years’ experience in the industry

and, during his time at Begbies,

has developed a separate but

integrated restructuring and

banking practice. This deals with

both debtor and creditor-led

turnarounds. Fry - who also

holds the directorships of

several other companies - was

originally a founding partner in

Taylor Gotham 8, Fry, which he

later sold in 2005 to Begbies.

He is a counsel member of the

IPA and has served as a member

of the General Technical R3.

FRASER GRAY ZOLFO COOPER

Fraser Gray is a partner in the

financial advisory and

restructuring services team at

Zolfos. Chartered accountant

and licensed P Gray recently

worked as administrator to MEl

and the Brownhi[ls Group — the

UK’s largest distributor of motor

homes. At MFI -while

maintaining head office

operations to ensure the sale of

the remaining business - he took

control of a stock disposal

programme. He also oversaw the

restructuring of Brownhills and

was heavily involved with its sale

- a move which safeguarded 300

jobs as well as its core supplier

contracts. Gray — who splits his

time between the Glasgow and

London offices - is a regular

speaker about the care sector,

licensed trade and retail.

BRYAN GREEN TMA

Bryan Green has been the

president of the Turnaround

Management Association UK

(TMA) since January 2010 and is

also the founder and CEO of Tnui

— a stressed/distressed

investment and consultancy

business. During his tenure as

TMA president, its UK group

membership has increased by

more than 30%. previously,

Green was the head of the

restructuring and insolvency

group at international law firm

Salans, where he advised on

restructuring cases in both the

UK and Europe. He was the

principal legal adviser in the

restructuring of Little Chef, MEl

and Allied Carpets, before

leaving to become CEO for the

European Operations at Gordon

Brothers Europe.

TONY GROOM

K? BUSINESS RESCUE

Turnaround supreme and

Insolvency Today readers’

favourite Tony Groom is the

chief executive of K2 Business

Rescue. He has been a ‘business

doctor’ and turnaround

practitioner for some 20 years

and, was voted the Turnaround

Practitioner of the Year at the

S

DECEMBER 2011


In partnership with Vv’iIIis

UK Insolvency and Rescue

Awards in 2009. More recently,

he has acted as adviser and

shareholder of several smallservice

companies that he has

restructured: including Coffee

Nation. Groom also led the

restructuring of several printers,

acted as the chief restructurinq

officer of several industrial

manufacturing businesses: as

well as been the director of

several SMEs. A director and

past president of the Turnaround

Management Association UK,

Groom is universally recognised

as a leader, trail blazer and allround

nice bloke.

CHRISTOPHER HAR1OVIE

SPEECHLY BIRCHAN

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Christopher Harlowe is a partner

at Speechly Bircham, which

specialises in insolvency,

reconstruction and recovery

work. Harlowe - a recognised

expert in his field - joined

Speechly’s in 2004 after

previously been head of

Hammonds’ Finance Law

department in Birmingham. His

clients include IPs, banks, assetbased

lenders and other

financial institutions and his

recent work includes acting for

the receivers of Claims Direct.

Harlowe - who graduated in

law at the University of Kent -

was described as ‘always willing

to pick up the phone and chat

rather than let issues spiral out

of control” by Chambers 2011.

BOB HEDGER ABS

Bob Hedger is the director of the

corporate restructuring unit at

the Royal Bank of Scotland.

Hedger - who has been a

banker for 37 years — specialises

mainly with large corporate and

leveraged finance

4

.4

restructurings. His first taste of

high-profile distressed corporate

problems came during the

recession of the early 1990s,

providing the springboard to his

involvement in a large number of

UK and cross-border

restructurings since. Hedger

was presented with the Society

of Turnaround Professionals

Turnaround Financier of the

year’ award in 2005 for his work

with the restructuring of

MyTravel.

KEVIN HEILARD GRANT THORNTON

Kevin Hellard is a partner in the

Fraud Insolvency division at

Grant Thornton.

The team is dedicated to the

investigation of fraud,

misfeasance or professional

negligence, Hellard - who joined

RSM Robson Rhodes in 1991,

which latterly became part of

Grant Thornton in 2007- has

more than 17 years’ experience

in insolvency, For the past eight

years, he has run a team

specialising in fraud,

investigation and asset recovery.

Among his undertakings, Hellard

is regularly involved in complex

litigations as a liquidator or

other office holder to recover

funds misappropriated by

directors, advisers or fraudulent

individuals. He is also a member

of the R3 and of the Institute of

Credit Management.

~[OY U NIH TO N

MARRIES RECOVERY

Lloyd Hinton is a licensed IP and

partner at Marriotts Recovery.

He specialises in corporate

recovery and personal

insolvency, administrations,

CVAs, bankruptcy, compulsory

liquidations and creditors’

voluntary liguidations. Hinton —

who studied at the University of

Wales - previously headed up

one of the corporate recovery

teams at RSM Tenon. He also

spent six years at Leonard

Curtis and won the Insolvency

Manager of the Year award at

the 2009 Insolvency and Rescue

Awards. Hinton is the chairman

of the PA Insolvency

Networking Committee and sits

on the IPA’s Member Services

Committee.

GRAHAM HORNE

THE INSOWENCY SERVICE

Graham Home is the deputy

head of The Insolvency Service

(IS). The IS styles itself as the

framework and the means’ for

dealing with financial failure in

the economy and the

misconduct that comes with it.

Home controversially defended

The IS’ decision to increase the

petitioning fee for bankruptcy

earlier this year by £75 to £525

after debt experts warned it

could discourage people with

financial problems from seeking

help. Home insisted the increase

was needed to cover the cost of

administration after court fees

rose by 3]0/o.

DAVID HUDSON BAKER JULY

David Hudson heads up the

Formal Insolvency team and is a

partner at Baker Tilly in London,

Hudson - who has more than

20 years’ experience in

restructuring and recovery -

has worked across the field of

insolvency, leading

administration, receivership,

restructuring, CBA and

liquidation assignments. He has

also worked across a widespread

range of industry sectors.

Hudson - who has worked on a

range of high-profile markets - is

highly regarded for his

knowledge of the London and

South East region markets.

STEPHEN HUNT GRIFEINS

Stephen Hunt is a partner and

licensed IF’ at insolvency

practice Griffins. This year he

made global headlines after

securing £11,000 worth of

Olympic tickets, having

successfully bid in a clutch of

events. His story was featured

on the BBC, ITV, Sky News and

news stations in the United

States, Mexico and Africa.

Hunt worked out the odds of

winning tickets so bid a huge

£36,000 on a range of events.

Outside of his Olympic ticket

haul, the IP counts fraud

investigation, complex

insolvency situations and

rescue, as well as international

insolvency among his

specialities. Hunt - who boasts

more than 15 years’ experience

as an P - has also been

featured in articles about the

industry by the BBC, The

Sunday Times and More 4

News.

DAVID INGRAM GRANT ThORNTON

David Ingram works in the

recovery and reorganisation

group at Grant Thornton and

specialises in court-appointed

receiverships and fraud-based

insolvencies. He headed up a

fraud and forensic team at his

previous accountancy firm

before joining Grant Thornton

in 2008. Ingram - who has

built up over 20 years’

insolvency experience both in

the UK and overseas - boas

considerable experience in

taking appointments as

receiver under the Proceeds of

Crime Act and antecedent

legislation. His specific areas

of expertise include court

appointed receiverships,

complex fraud-based

insolvenc Cs, hostile

appointments and expert

witness reports.

CARL JAG KSON RSM T [NON

Bouncing back from his

whirlwind of negative publicity

last year, Carl Jackson

remains highly influential

among his peers. As the head

of recovery at RSM Tenon and

a member of the company’s

operating board, Jackson has

forged his reputation on the

successful results achieved in

the turnaround and

restructuring of ailing

businesses, especially in the

retail sector. Licensed IP and

chartered accountant,

Jackson, boasts more than 20

years’ experience working

within the corporate recovery

and turnaround market.

During that time, be has

garnered considerable

knowledge in the refinancing

of businesses to support

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FEATURE / P0~ER 100

future development.

In particular, Jackson has

established strong

relationships with clearing

banks and asset-based lenders.

MIKE JERVIS ~WC

Mike Jer is is one of the

partners at PwC and is

responsi ‘Ic for the mid-market

practice London. Jervis -

who wor sin an advisory

capacity Is well as in

appointrent roles - has mostly

focused on distressed

structured finance situations

since September 2007. Over

the years the restructuring and

insolvency expert has worked

on some of the country’s

biggest cases such as Lehman

Brothers, Enron, Parmalat and

Nortel. He specialises in large

cross-border work-outs with

his recent industry sector

experience coming in financial

services, retail, service

industries, leisure and

construction.

GARY JONES 11580

Gary Jones is the head of debt

recovery services and secured

collection for HSBC. Among his

priorities are debt recovery

strategy, in-house debt

collection and external agent

debt collection. Jones is also

heavily involved with the sale

of debt portfolios and

collections on retail mortgage

portfolio.

NITIN JOSHI

BEG ASSOCIATES

Nitin Joshi is a director at both

B&C Associates and business

advisory firm Channel Money.

He joined the business

recovery and insolvency field

w

in 1983 and has polled more

than 20 years’ expertise in

advising SMEs, as well as larger

companies.

Joshi also founded Channel

Money - a company which

focuses on refinancing

distressed businesses. Veteran

Joshi - who has held positions at

Stoy Hayward, KPMG and PKF -

is the only business recovery

expert who specialises in the

computer and IT sector.

He was a member of the

judging panel at this year’s

Insolvency & Rescue Awards and

is a freguent speaker on creditrelated

issues.

NEVILLE KAHN DEIDfl1E

Neville Kahn is the global head

of reorganisation services at

Deloitte special ising in

corporate restructuring and

nsolvency and has acted as the

lead IP on a number of comp ex

administrations and

receiverships.

Kahn led the administrations

of some of the biggest

recession-era victims including

Woolworths, Waterford

Wedgwood, Sarratts Shoes and

the Mosaic group. He previously

worked for Coopers & Lybrand,

where he worked for almost 20

years, during which time he

garneredexperience working in

restructuring and insolvency.

Kahn - who joined Deloitte in

2001- also has experience in

strategic and financial business

reviews.

DAVID KERR

PA

David Kerr was among those

nominees receiving the highest

number of votes in this year’s

list. Kerr is a licensed P and

chief executive of the Insolvency

Practitioners Association (IPA)

with a wealth of cross-sector

experience.

He has worked at insolvency

firms of all sizes across the UK

including a 10-year stint at Grant

Thornton - but has more

recently been recognised for his

considerable involvement in

directing and influencing UK

regulation. This has involved

working with the Institute of

Chartered Accountants in

England and Wales, as well as

the IPA. Kerr is also a member of

the Institute of Credit

Management.

PAUL KIRKBRIGHT KPMG

Paul Kirkbrigbt is a partner and

the head of financial -

restructuring at KPMG. His t~

- which comprises of six

partners- specialises in advising

both lenders and borrowers in

large and complex financial

restructuring situations across

Europe. In the last five years,

Kirkbright has led financial

restructuring advisory teams on

over 25 major assignments with

total debts of more than £3Obn.

He has more than 15 years’

experience advising

stakeholders in stressed and

distressed situations in both

listed and private eguity/LBO

ownership structures in most

European jurisdictions.

Kirkbright previously worked

at Grant Thornton and Ernst &

Young before joining KPMG in

2003.

MICHAEL lAND DEMSA

Michael Land is the chairman of

debt management standards

group DEMSA. As the landscape

for debt management specialists

continues to develop, Land has

been a key figure in representing

the market. He founded the

organisation in 1999 with Lord

Harris of Haringey and oversaw

DEMSA’s lengthy, and ultimately

successful, application for Office

of Fair Trading code approval. In

1999, Land also founded Debt

Management Associates and

sold it to Card Protection Plan in

2001, before buying it back in

2005.

Land has retired three times

but, on each occasion, has

swiftly returned to the business

world.

CHRIS LAUGHTON MEAGER & HOLE

Chris Laughton is a

restructuring and insolvency

partner at Mercer & Hole.

Father-of-two Laughton is

editor of P3’s Recovery

magazine and a European

recovery specialist. In the

nomination process Laughton’s

was widely respected for

bridging the gulf in

understanding and expectations

between stakeholders from

different jurisdictions in crossborder

recovery cases. He is a

insolvencyblog.com contributor,

as well as the former president

of INSOL Europe.

He joined Mercer & Holo as

a partner in 2004 and has

worked full-time in business

recovery since 1983 after

gualifying as a chartered

accountant.

STEVEN LAW ENSORS

Chartered accountant and IP

Steven Law heads up a team of

15 in Ensors’ Recovery Unit.

Law’s team is tasked with

helping distressed firms recover

stability and gives owners and

directors the chance to

restructure finances and re

build profitability, while

reducing exposure for

stakeholders.

Laws is an active member

and former national president

of P3 as well as a regular

contributor about business

recovery issues.

STEPHEN LEINSTER ERNST & YOUNG

Stephen Leinster is risk director

in Ernst & Young’s UK S Ireland

restructuring group, having

joined the firm in November

DECEMBER 201)


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2010 after spending more than

25 years at the Insolvency

Service. These days, Leirster

leads the team responsible for

technical guidance, internal

compliance, quality and risk

management, supporting the

restructuring group. While at the

IS, Leinster - who was latterly its

director of policy — was

responsible for shaping change

to the regulatory regime and

was also part of the judging

panel at this year’s Insolvency &

Rescue Awards ceremony.

GARETH LIMB COMPLIANCE OH CALL

Gareth Limb is the director of

insolvency service provider

Compliance on Call - which won

Insolvency Support Team of the

Year at the recent Insolvency

and Rescue awards.

He joined company owner

and former work colleague Bill

Burch at the firm in April 2005.

Compliance on Call now

works with more than 140 P

clients and has helped over 25°/a

of the country’s appointmenttaking

IPs. In April last year

fatherof-three Limb - who lives

in Coventry - was elected as a

member of the P3 Council, yet

further evidence of his growing

status within the industry.

He has previously been the

head of the insolvency

practitioner compliance unit - a

role which involved monitoring

both IPs and professional trade

bodies.

GERRY [OFIUS DELOITTE

Gerry Loftus is the national head

of restructuring services at

Deloitte. He boasts more than

20 years’ experience working for

both debtors and creditors in

large turnaround situations in

the UK and in Continental

Europe. Recently, Loftus has

provided ISP and financial

advice to senior lenders at Quinn

Group, Pear Assurance and

Alliance Medical. His expertise

consists of advising either

stakeholder groups or the

management of

nd e rperform i nq/d i stressed

businesses.

STEPHEN LONG HS8C

Stephen Long is HSBCs head of

lending services in the UK and is

responsible for managing UK

business customers

experiencing financial distress

and difficulty. Long and his team

identify the cause and nature of

their clients’ financial problems

and the options on offer to

return the business back to

financial health. Long has

worked in the corporate, credit

and turnaround business

environments for the last 25

years - has headed up the team

since 2007.

TONY LOMAS P~1C

Tony Lomas is chairman of UK

Business Recovery Services and

the most senior client service

partner at PwC. His assignments

have involved substantial

operations in the Americas,

Western, Central and Eastern

Europe, as well South-East Asia.

Lomas has worked on a number

of high-profile cases, including

the administration of the US’s

fourth-largest investment bank

at the time, Lehman Brothers.

He also continues to lead the

administration of energy

company Enron’s European

operations. Lomas is a regular

speaker at industry events and,

last month, spoke at the

Turnaround Management

Association Conference.

At the event he singled out

the importance of employee

integration during

administration procedures as a

key factor in their eventual

success.

DAVID MACMILLAN INVOCAS

David Macmillan - who has

garnered extensive knowledge

of the City and the financial

services sector - is the executive

chairman at Invocas Group.

He joined the insolvency support

services originally as nonexecutive

director in 007 after

having spent 16 year with

Standard Life Group LG).

In 1991 Macmillan tarted at

SLG as a graduate m nagement

trainee and, seven years later, as

head of corporate development,

he moved to the start-up team

which took charge of sales and

marketing. He went onto play a

pivotal part in directing the

telephone bank, a period which

culminated in Macmillan being

named UK retail director in

2005, ahead of its stock market

flotation in July 2006,

LEE MANNING DELOII1’E

Lee Manning - referr d to in one

of his nominations a ‘the nicest

man in insolvency’ - is a partner

in Deloitte’s restructuring

services business. Manning is

also the vice-president of P3

and soon to take over as

president. He has worked in

restructuring for more than 25

years since qualifying with

Touche Ross, He boasts

extensive experience, both in an

advisory and administrative

capacity, in the retai media,

leisure, football, cate ing,

manufacturing and p perty

sectors. Last year, Manning was

appointed joint administrator of

furniture retailer Land of

Leather, which operated more

than 100 stores acro s the UK

and Ireland. He joined Deloitte

in 2004 after spendi g 14 years

with Kroll -12 of tho e as a

partner - and is a reg lar public

speaker and lecturer on a range

of business finance issues.

ANGUS MARTIN DELOII’TE

L

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Angus Martin is a partner at

Deloitte specialising in

corporate restructuring and

insolvency. Currently, he is the

lead liquidator for BCCI UK

and has lead IRon a number of

other complex multijurisdictional

insolvencies and

solvent restructurings.

Martin - who works in the

London office - also

undertakes strategic financial

business reviews for directors,

lenders and other

stakeholders.

He provides advice on

strategic options, cash-flow

management, exit strategies

and stakeholder management.

He recently was appointed

chairman of the Insolvency

Licensing Committee at the

I CA EW.

JOHN MILSOM KPMG

John Milsom is a serious big

hitter on the UK insolvency

scene and was widely

recognsed by the testimonials

of his peers in this year’s

listing.

As the chief operating

officer for restructuring in the

UK at KPMG, he has recently

been involved with the

financial restructuring of

Centro, an Australian shopping

complex developer and

manager with more than

AUD$22bn of debt. In the US

he is currently the liquidator

of a series of funds, including

the Bear Stearns Funds,

through KPMG UK Plc. He is

also acting as the courtappointed

receiver on Project

Yale on a pre-judgment

freezing order over

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assets spread around the

world - the subject being a

foreign national granted

asylum in the UK.

Milson — who boasts more

than 20 years’ insolvency

experience in the industry -

has acted for shareholders,

companies and funders.

DAVID MONO CLEARDERT /

DEBT RESOLUTION FORUM

David Mond succeeded Chris

Holmes as chairman of the

Debt Resolution Form in 2008.

The group aims to promote

professional standards in

terms of resolving debtors’

financial problems. He

currently sits on the

stakeholders group of the

Ministry of Justice review into

the regulation of debt

management plans.

And in June 2004 he

founded the AIM-quoted IVA

and DMP provider Cleardebt

Group. Chartered accountant

and licensed IP Mond has

specialised in personal and

business insolvency for the

past 41 years.

In 1993, he was elected to

the Council of the Association

of Business Recovery

Professionals fR3 formally SPI)

where he served until 2003 as

chairman of its small

practitinners group.

NICKMOSER

AYLORWESSIHG

Nick Moser isa partner at

Taylor Wessing and is also the

head of restructuring and

corporate recovery at the firm.

He has experience dealing with

both contentious and non

contentious insolvency and

restructuring, as well as

advising pension schemes on

insolvency matters. His recent

cases involve advising the

rustee of the Madoff estate on

nternatlonal litigation and

asset tracing following the

Madoff fraud. Moser has also

ed the team advising PwC as

administrators of Global

Engineering which involved an

asset finance fraud on 40

companies. He was also named

‘Lawyer of the Year at the

annual nsolvency & Rescue

awards n October.

MAURICE MOSES ERNST & YOUNG

I -


4

Maurice Moses co-leads the

London Mid-Market

Restructuring team at Ernst &

Young and has accrued more

than 25 years of experience in

both the UK and overseas

working with company boards,

lenders and stakeholders during

periods of crisis, His skills

include bringing a commercial

and practical view to complex

restructuring situations, strong

leadership and direction in times

of change and broad experience

in insolvency practice at large.

Moses - who is a chartered

accountant and licensed IP — has

considerably experience leadng

companies in times of crisis,

having taken board pos[tions as

CEO, CEO and CRC in turnaround

situations.

JON MOULTON BElIER CAPITAL

Private equity doyen and former

Alchemy founder Jon Moulton is

now chairman of Better Capital.

The company targets

investment opportunities in

companies with a turnover of

between £25m and £250m -

particularly those in need of

either operational or financial

restructuring. Moulton - who has

invested in turnarounds for 30

years — has garnered significant

experience in the industry. He is

a fellow of the lET and has

worked with Citicorp Venture

Capital in New York and London,

as well as for Permira and Apax.

He is a non-executive chairman

of stockbrokers FinnCap and has

also been appointed a member

of the advisory board for the UK

Regional Growth Fund.

BlAIR NIMMO KPMG

Blair Nimmo leads the KPMG

restructuring team in Scotland

and heads up the Edinburgh

office. raikirk FC supporter.

Nimmo has been at KPMG since

1991 and took over as the office

senior partner in 2007. The

Edinburgh office - nestled in the

heart of the UK’s second largest

centre for financial services -

has more than 200 staff and isa

leading provider of services to

Scotland’s corporate market.

Nimmo is a self-confessed fan of

the Scottish capital and, when

asked in an interview several

years ago to describe Edinburgh

in three words, be responded:

“Better than London!”

JEREMY 090IE

MITCHELL CHABLES~ORTH

Jeremy Oddie isa partner at

Mitchell Charlesworth and also

heads up its Corporate Recovery

and Insolvency faculty. Odd[e -

who boasts more than 25 years

experience in the industry - has

principally been involved with

receiverships, administrations,

CVAs and liquidations. His

specialist areas of expertise

include construction.

engineering, retail and not-forprofit

organisations to name just

a few. Oddie jointed the firm in

2000 and, this year, was

appointed ch irman of the R3

North West Region. He is also a

fellow of the PA, the P3 and a

member of the institute of

Credit Manag ment.

ANNE O’KEEF F ZOLFO COOPER

Anne O’Keefe isa partner in the

financial advisory and

restructuring team at Zolfo

Cooper, based in their

Manchester office. O’Keefe -

who specialises in both multijurisdictional

and UK-based

formal insolvency appointments

- acted as the joint

administrator of Jersey-based

Level One Group, which owned

property interests in Germany

and Luxembourg. She acted as

the joint administrator for a

number of the UK-based

businesses of automotive parts

manufacturer Collins & Aikman

which boasts 24 plants in nine

countries and a turnover of

£644m. O’Keefe - who also

heads up case progression

teams in Birmingham, Glasgow

and Manchester - has been

helping companies of all sizes

facing financial difficulties for

- - more than 20 years.

GREG PALEREY

SMITh & WftUIIMSON

Greg PaIf rey is th national head

of restructuring and recovery

services at Smith & Williamson.

The licensed P and chartered

accountant boasts experience

dealing with corporate

nsolvencies and turnaround,

especially in the leisure, retail,

manulacturing and commerce

sectors. Most recently, Paifrey

worked with mot r dealerships,

printers and hauliers and has

also dealt with sensitive fraud

cases involving asset-based

lenders and banks. Palfrey who

trained in audit be o e moving to

Cork Gully in 1990- also

regularly gives advice to

directors in turnaround and

insolvency situations, as well as

insolvency acquisitions.

DUNCAN PARKES

LLOYDS BANKING GROUP

Duncan Parkes is the director of

the corporate and commercial

business support unit at Lloyds

Banking Group. He heads the

teams responsible for helping

businesses faced with money

troubles to get back onto the

right financial footing.

Parkes led the Lloyds TSB

Business Support Unit from

2005 which, in 2009, adopted

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its present format within the

expanded Lloyds Banking

Group.He boasts more than 25

years’ experience in corporate

markets and has held a number

of senior positions within

Lloyds 158 Leveraged Finance

and Lloyds Development

Capital. Parkes is also a Fellow

of the Institute for Turnaround

(IFT) and holds the Institute for

Fiscal Studies qualification.

ANDREYI PEPPER HILCO UK

Chartered accountant Andrew

Pepper is the chief operating

officer at restructuring experts

Hilco UK. Pepper - who is a

former restructuring partner at

Kroll and BOO - has advised

lenders and directors on

corporate restructuring for the

past 20 years. His roles have

involved heading turnaround

appointments to managing a

range of businesses.

More recently Pepper

invested in the management

buy-outs of Allied Carpets,

Borders and habitat. He is a

specialist in asset-based

lending, retail and

manufacturing and has led a

number of advisory and

investment engagements in both

the UK and Europe.

BOB PIN E ICAEW

A

Bob Pinder is a director at the

ICAEW, the largest insolvency

regulator, with more than

128,000 members. He is

responsible for ICAEW’s

scheme of general practice

review for some 12,500 firms

and also heads up the team

which monitors about 700 IPs.

Pinder played an

instrumental role in the

development of the ICAEW’s

insolvency regulatory strategy.

He has modified the ICAEW’s

monitoring approach to focus

on outcomes and also helped

raise the level of support to IPs

hinder - who began his career

as a banker with Lloyds Bankwas

also head of investigations

at ICAEW.

JOE Pill’ BNP PARIBAS REAL ESTATE

Joe Pitt is head of recovery and

restructuring at BNP Paribas

Real Estate, he has more than

18 years experience in corporate

and property restructuring and

recovery work across a broad

range of asset classes and

business sectors. Pitt has acted

on behalf of a range of highprofile

banks including PBS,

Bank of Ireland, Clydesdale

Bank, Lehman Brothers and

Morgan Stanley. He is an RICS

Registered Property Receiver

and a council member of NARA,

as well as a member of the

Association of Business

Recovery Professionals CR3).

NEVILLE PRITCHARD

JONES LANG LASALLE

‘A’

Neville Pritchard heads the

National Investment and

Recovery team at Jones Lang

LaSalle, which provides deals

with distressed property assets

on behalf of owners, banks and

insolvency professionals.

Pritchard boasts more than

24 years’ investment agency

experience and is involved with

assessing prospects for debt

restructuring, value assessment

and consensual sales.

His recent work includes

advising on the Kaupthinq

property portfolio and the

solvent liquidation of the British

Film Council. he has also worked

on major assets such as the

£82m Temple Quay in Bristol, a

£23m business park in

Birmingham, and currently, the

Tolworth Tower in Surbiton.

KIRSIIE PROVAN BEGBIES TRAYNOR

Insolvency Today favourite and

London-based Begbies partner

Kirstie Provan may be best

known for her organisational

skills, having been part of the

team responsible for this year’s

P3 Ladies Lunch, That aside,

Provan’s specialist skills are

broad, however. Her skill set and

portfolio covers asset-based

lending, football clubs, retail as

well as some commendable

forensic investigations. Provan -

who joined Begbies in February

2009 was previously spent

three years with Landsbanki

Commercial Finance. She was

responsible for sourcing and

structuring pan’global asset’

based finance transactions on

deals which were valued at

between £5-Scm per

transaction. Provan also worked

in the Recovery and Insolvency

Team at Baker Tilly for eight

years, during which time she

qualified as an IP in 2003,

IAN PURVES

LLOYDS BANKING GROUP

lain Purves is the managing

director and head of business

support within specialist finance

at Lloyds Banking Group. His

role principally focuses on the

work-out of leveraged, shipping

and project finance transactions,

Purves - who has accumulated

more than 20 years experience

in a variety of positions - has

worked in the legal department,

as well as with high value

clients. In the mid nineties he

took the step into leveraged

finance. Initially based in

Edinburgh, Purves moved to

London in 2000, and has

recently been the head of

leveraged finance at Bank of

Scotland.

TIM ROSSER

TURNING CIRCLE SOLUTIONS

Chartered accountant and tax

adviser Tim Rosser heads up

business recovery specialists

Turning Circle Solutions.

Since founding the company in

2001 he has focused on helping

firms with restructuring, tax and

other key financial issues. Over

the past decade Rosser has

advised on more than 100

business turnarounds and

offers CVAs, administrations,

pre-packs and CVLs as

possible rescue solutions. The

foundation of his corporate

turnaround experience was

initially laid at adi )unting firm

The MacDonald P~ rtnership,

where he helped c avelop the

company’s turnar iund

business. Before I iat, he

gualified as a cha ~ered

accountant with E ‘nst & Young

in 1988 after passing the Bar

Examination.

DAViD RURIN

DAVID RUBIN & MRINEBS

David Rubin is th~ founder and

senior partner of David Rubin

& Partners. He cr ated the

firm in 1984 to fo us on

business recoveq and forensic

litiqat on support Since then,

Rubin - who regu ny writes

and lectures on ti naround

issues — has focuf ~d his

efforts on under-performing

businesses. These days, his

main role at the practice is

overseeing the quality of

service and ensuring

compliance with legal and

regulatory obligations.

He is also a former council

member of the Association o

Business Recovery

Professionals.

GRAHAM RUMNEY R3

Graham Rumney is the chief

executive officer of the

Association of Business

Recovery Professionals

I

‘L4.’ti .“

POWER

cu©@

www.insolvencynews.ccui


FEATURE? POWER 100

(P3) and a popular

candidate in this years Power

100 list. Under his leadership!

the R3 membership has

increased to 3,900 since

Rumney assumed the role in

2005.

An experienced hand,

Rumney boats more than 30

years’ senior international

banking experience.

His previous management

roles involved working in risk,

corporate governance,

turnaround, debt recovery and

loss avoidance. He has spent

time seconded to the Bank of

England and the Financial

Services Authority and has

also been the executive

director at Banco Barclays e

Galicia SA. Pumney’s

particular topics of interest

include personal insolvency

and IVAs. He sits on the

Insolvency Service’s IVA

Standing Committee.

GRAHAM RLJSLING BARCLAYS

Graham Rusling is the

managing director of business

support and recoveries at

Barclays and was the man

tasked with managing the

newly-formed UK division

which handles busness

support and credit functions.

Rusling spent 38 years at the

bank in both its credit and

turnaround division but the

past two years of economic

challenges have thrown him

into the spot ght.

He previously spent 11 years

as the managing director of

Business Support and is a so a

member of the Institute for

Turnaround.

DEREK SACH RBS

Derek Sach (pronounced ‘Say

sb) is the global head of

restructuring at the Royal

Bank of Scotland (PBS).

His team concentrates on

turning around struggling

businesses and reducing group

losses.

He has overseen the globaL

restructuring group (GPO)

grow in numbers from 150

before the recession, to 1,250

across 25 countries now. Sach

joined the ORG in 1998 and is

currently responsible for the

handling of some 140 corporate

restructurings worldwide. He

also served as the president of

the London Chamber of

Commerce and Industry from

2003-05. Sach - who is also a

director at the National Society

for Epilepsy - was personally

head-hunted to join PBS in 1992

by the then chief executive Sir

George Mathewson.

MARK SANDS RSM TENON

Mark Sands is the national head

of bankruptcy at RSM Tenon and

has spent the past 12 years

focusing on the personal

insolvency sector. London-based

Sands divides his time between

advising creditors on how to

deal with personal insolvencies

while also working closely with

teams across the country to

help deliver value to creditors.

Sands isa regular speaker at

public events and was part of a

panel of practitioners giving

expert opinion at the Insolvency

Today Annual Conference in

October.

DAN SCHWARZMANN PWC

Dan Schwarzmann heads up

corporate liability management

practice at PwC. Since first

beginning his corporate

recovery work in 1990

Schwarzmann has become a

recognised specialist in solvent

company restructurings and

insolvencies within the financial

sector. He is particularly focused

on providing tailored solutions

to address the long-tail liabilities

of companies. Schwarzmann is

scheme administrator or

administrator for more than 50

insurance companies. He is also

a member of the Association

of Business Recovery

Professionals! the Institute of

Chartered Accountants in

England and Wales and the

International Association of

Insurance Receivers.

STEPHEN SPEED

THE INSOLVENCY SERVICE

‘A

Stephen Speed is the chief

executive and inspector general

of the Insolvency Service (IS).

Speed has previously been

the director of broadband’ at

the Department for Trade and

Industry but is now charged

with managing a 3000-strong

workforce at the IS. Speed is

ultimately responsible for the

ongoing consultation into the

future of the Insolvency Service

and the office closures

expected as a result.

ANTHDNY SPICER

SMITH & VdILLIM4SOtI

Staking his claim to this year’s

Power 100 is Anthony Spicer.

head of restructuring and

recovery at Smith and

Williamson’s media division.

Spicer - a chartered accountant

and licensed IP - has specialised

in turnaround, restructuring and

formal recovery work since 1989

in which he has advised both

lenders and company directors.

He also has expertise dealing

with solvent liquidations as a

means of returning value to

shareholders and has built up a

large amount of expertise in a

number of specialist sectors, but

particularly within the media

industry. Most recently, Spicer

was appointed joint

administrator of Farnborough

based printer The Midas Press.

ANDR[V1 STOHEMAN

DUFF&PHELPS

Andrew Stoneman, until recently

was a founding partner of MCR,

which was established in 2001.

His move to Duff & Phelps has

came about after the US firm

acquired MCR relatively

recently. Corporate recovery

and turnaround specialist

Stoneman boasts more than

20 years experience in the

industry.

He takes a leading role in

strategic decisions with his

main focus areas being

corporate turnaround and

investigations.

Stoneman — whose sector

expertise includes the travel

industry and sub-prime

mortgage lenders and the

media - has worked with all of

the major clearing banks,

asset-based lenders and

international law firms,

A regular international

conference speaker, Stoneman

previously ran the Cashflow

Management Workshop for the

Asset Based Finance

Association.

RODDY TIPPEN PWC

Licensed IP and chartered

accountant Roddy Tippen has

risen to become one of the

lead figures in corporate

insolvency at PwC. Tippen -

who has been with PwC and its

legacy firriss for 35 years - has

worked across cases of all

shapes and sizes.

He assumed a leading role

in developing the 40-strong

Insolvency Management Team

in London and has spent the

past three years heading the

team responsible for data

provision to other IPs involved

in the high-profile

administration of investment

bank Lehman Brothers.

DONAL TONER HSBC

Donal Toner is HSBC’s head of

commercial lending in the UK.

Toner is very much an HSBC

loyalist, having worked in

corporate and credit roles for

the past 25 years before

assuming his current role in

2006.

Spirited and well respected,

Toner’s contacts book is

second-to-none. Outside of

work, his charity work

captured the imagination of

OECEMOER 2011


many last year when he raised

over £10,000 in sponsorship

from colleagues, friends and

family for the Lymphoma

Association.

His HSBC colleagues say

Toner’s leadership and

collaborative approach to

management is the reason

behind his success and his track

record in correctly identifying

the causes of the problems of

businesses.

FiIC TRAYNOR BEG8IES WAINOR

Ric Traynor is the executive

chairman and founder of

Begbies Traynor. He has been

an P since qualifying as a

chartered accountant with

Arthur Andersen 1984.

Traynor went onto establish

Traynor & Co in 1989. which

went on to become Begbies

Traynor in 1997, following the

acquisition of Begbies London in

1997. In keeping with its track

record in offering additional

services to its customers,

Traynor last month announced

the launch of a new property

portal to offload distressed

properties in a bid to realise

assets.

The 51-year-old still remains

highly-focused on the

development of the business

which included launching it onto

the AIM in 2004.

MALCOLM WEIR

BARCLAYS CORPORATE

Malcolm Weir is the head of

corporate insolvency at

Barclays Corporate. It is a

small team with more than 150

years of combined experience

focused on the defence of the

bank’s balance sheet.

The unit acts in an advisory

capacity for case directors and

sanctions all administrations

and administrative

receiverships in Barclays

Corporate.

It was responsible for some

£90m in recoveries during the

past 12 months.

Over the past year it has

helped a leisure company’s

solvent exit from administration

and helped breath new life into

a Belfast Clinic by securing its

sale.

PHILIP WESTON

KELSO RACE ASSET MANAGEMENT

Philip Weston is a director at

Kelso Place Asset Management,

having joined the firm in

December 2001 having

previously accrued an extensive

array of experience in corporate

finance, fina ncial and

operational control.

He qualified as a chartered

accountant with Deloitte before

taking on various roles in M&A,

financial planning and control at

British Gas, Trafalgar House and

Kvaerner ASA.

As a manager of Kvaerner

Investments, Weston ran a

disposal programme containing

more than $500m worth of

businesses.

JAMIE WHITE PINSENT MASONS

Jamie White, national head of

restructuring at Pinsent Masons

boasts 16 years’ insolvency

experience in the industry and

has acted for administrative

receivers, administrators,

liquidators, supervisors and

trustees in bankruptcy.

He was the chairman of the

Northwest Chapter of the

Institute for Turnaround from

2004-11 and is also a member of

the Association of Business

Recovery Professionals, as well

as the Institute for Turnaround.

This year, White - who went

to Lancaster University - was

shortlisted for Turnaround

Practitioner of the Year at the

Insolvency and Rescue Awards.

GARRY WILSON ENDLESS

Carry Wilson is the founder and

partner at turnaround investor

Endless. Wilson - who has

worked in the turnaround and

restructuring sector for more

than 20 years — established the

private equity house in 2005.

His recent projects include the

£BOm acquisition and

refinancing of £500m revenue

• office supplies group, Vasanta,

as well as the turnaround of

book and gift retailer The Works.

Wilson counts the acquisition

4 and refinance of Vasanta less

than three weeks after first

having been approached for help

as his finest hour so far at the

company.

PETER kVINDAIT

Bill BUSINESS RECOVERY

Peter Windatt is a licensed IP

and director at BRI Business

Recovery and Insolvency.

As a qualified accountant

Windatt has worked in

insolvency and fraud

investigations since 1985 and

serves ACCA as their

representative director as well

as working as the current

chairman of the Joint Insolvency

Examining Board.

He originally worked for the

Insolvency Service before

moving to what is now PwC in

1989.

He joined his current practice

in 1994. Among his broad range

of roles, Windatt is also is the

director of IPR Services, which

appoints members to the

Insolvency Practices Council

(IPC), and chairs the ACCA

insolvency committee.

RICHARD WOLFF JMW

Richard Wolff is the head of the

Corporate Recovery and

Insolvency department at JMW

Solicitors.

Among Wolff’s success

stories was the recent case

where Richer Sounds acquired

the assets from the

administrators of Empire Direct.

He has also acted for the

administrators of the Alisports

group and Blackpool

Automotive Limited - formerly

TVR Engineering. Wolff joined

JMW in 2009 and is a regular

speaker on the industry circuit

including at the inaugural

Insolvency Today National

Conference in London.

He is the current vice chair

for R3 (the Association of

Business Recovery

Professionals) in the North

West.

IAN W0011LEY

NOW FINANCIAL ADVISORY

Ian Woodley is the founder of

business rescue and recovery

funding group Now Financial.

The firm offers financial

solutions and advice for

business owners in need of

cash flow financing or facing

distressed and turnaround

situations. Woodley - who has

~ spent 25 years in the assetfinance

industry - has held

several senior management

roles across the industry.

He previously was the sales

director of Nissan Finance, the

managing director of ABN

AMRO’s asset-finance business

in the UK and been a director

and shareholder of Benfield

Premium Finance.

NICK YOUNG BEER & YOUNG

Nick Young is the founder and

managing director of Beer &

Young. Since its creation in

1998, the company has

established itself as a principal

provider of turnaround

solutions to SMEs and has a

network of investors which

typically invest between

£50,000 and E2m.

Following the launch of his

first company - which advised

companies on fund raising and

accessing both equity and debt

capital - Young has focused on

delivering help and funding

solutions to SMEs.

For the past two years

running Beer & Young scooped

the ‘Business Rescue Funder of

the Year’ award at the annual

Insolvency S Rescue Awards -

an achievement described by

Young as ‘testament to the

quality of the entire team”.

lin.insolvecqnews.com

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