Partner, Restructuring and Insolvency, PwC United Kingdom
Accounting/Restructuring/Insolvency expert, appointed on large assignments such as Lehman and Carillion. Expert on directors' duties and distressed Financial Services companies, including Resolution scenarios. Undertakes advisory work for UK financial services regulators on financially challenged firms.
Sold the insolvent Lehman UK equity and prime brokerage business to Nomura in October 2008. Executed the repatriation of $800m from the Lehman Chinese QFII. Recently paid 100% (£750m) to creditors of Lehman service company. Completed the sale of the Russian oil and gas based assets of VOSTOK plc which owned a licence to extract oil and gas in South West Russia, covering 3,000 square miles. Currently Special Manager to the Liquidator of Carillion and subs, a £5 billion revenue group focused on construction, PFI and facilities management.
Historically led successful disposal of the Game business out of administration, prior to IPO. Litigated the leading case on administration expenses. Co-authored original market guidance on pre-packaged administrations. AdvisesUK pension interests on Nortel global. Sold assets of Excalibur CMBS to Lone Star. Sold the assets of Albemarle and Bond , the UK's largest pawnbroker, Brantano, Q Hotels.
Notable advisory cases -refinancing of a listed UK retailer, lead advisor on a listed Uk retailer (now taken private), advice on CRE problem for a non UK lender, sold for c£250m in a solvent sale, Lead sale role for shareholders of a high profile £1 billion revenue travel group with a £650m pension deficit (subject to RAA), expert person role for a UK FIn Services regulator, directors' advice to multi-billion integrated oil and gas group. advice to distressed fund on a (sharia compliant) loan to own strategy, directors' advice to a non UK listed energy company, directors' advice to listed Canadian gas business. Advice to listed audit client on business impact of CVA.
Chartered accountant, frequent presenter, Board Member of Triple I