The Certified Turnaround Professional (CTP) designation was introduced in the US in 1993 to create an objective measure of the experience, knowledge, and integrity that is necessary to conduct corporate renewal work. In 2010, TMA Australia launched the first phase of its two part CTP certification which is specifically tailored to the Australian market - the Certified Turnaround Analyst (CTA) programe. The second phase of certification to qualify as a CTP will shortly be available to those who wish to apply.

Honorary CTP Practitioners -  In November 2013, TMA Australia was proud to award honorary CTP Certification to - Gwyn Morgan (Westpac), Rick Drury (NAB), Adrian Loader (Allegro Funds), Lachlan Edwards (Lazard Australia) and John Nestel (Herbert Smith Freehills).  Those who hold the CTP certification have demonstrated their knowledge, integrity and experience in the corporate turnaround and restructuring profession.

Honorary Certified Turnaround Practitioners

  1. Have held multiple leadership roles assisting financially distressed companies through turnarounds, restructuring and/or bankruptcies
  2. Has technical mastery of the legal, financial and management aspects of a turnaround/restructure
  3. Abides by the Code of Ethics that specifies the high standards of professionalism, integrity and competence
Rick Drury(NAB)
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Lachlan Edwards(Lazard Australia)
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Adrian Loader (Allegro Funds)
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Gwyn Morgan (Westpac)
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John Nestel (Herbert Smith Freehills)
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Certified Turnaround Analyst (CTA)

CTA designation is achieved through undertaking three individual courses equivalent to postgraduate level university subjects, that have been developed in conjuction with the University of Technology Sydney (UTS).  CTA designation provides graduates with the evidence of an individual’s commitment to turnaround & corporate renewal and attesting to a specified level of expertise and graduates can apply to become a full CTP by demonstrating agreed levels of turnaround experience.

Certified Turnaround Professional (CTP)

CTP designation is the highest accreditation a turnaround professional can achieve. Qualified CTA’s wishing to become a full CTP will be asked to demonstrate a required amount of turnaround experience, provide references, comply with the prescribed Code of Ethics and meet the ongoing CTP requirements in order to maintain their CTP credential.