CTP Accreditation

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About CTP Accreditation

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 Professional Associate (CTPA) 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
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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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What is a Certified Turnaround
Professional Associate (CTPA)

CTPA 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).  CTPA 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.

What is a Certified Turnaround
Professional (CTP)

CTP designation is the highest accreditation a
turnaround professional can achieve.
Qualified CTPA’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.

Rick Drury

NAB

 

Lachlan Edwards

Lazard Australia

Lachlan is Managing Director and Head of Capital Structure Advisory at Lazard in Australia. He founded both the Goldman Sachs restructuring business in Europe and Asia Pacific based out of Sydney. He has been a Managing Director of Goldman Sachs for seven years and a partner of Goldman Sachs JB Were for three of them. He has been a banker for 22 years.

Before Goldman Sachs he co-founded and ran the Rothschild restructuring business in Europe in 2001, based in London. He was a main Board director of NM Rothschild & Sons in London. He had previously been a mining project finance banker at Rothschild in Australia for 10 years.

Lachlan has advised the company or the largest creditor groups in some of the world's largest and most complex restructurings. For example, he had a leading role in the restructurings of Royal Ahold, Vivendi Universal, and Eurotunnel in Europe. Since returning to Australia he was a lead adviser for creditors and companies in situations such as Babcock & Brown, OZ Minerals, Elders, Rivercity, Redcape, BrisConnections, Waco, Nine Entertainment, CrossCity, and the financing of the Port Pirie Redevelopment for Nyrstar.

Adrian Loader

Managing Director

Allegro Funds Pty Ltd (Australia)

Adrian Loader is a co-founder and Managing Director of Allegro, a $300m Private Equity Fund. Adrianhas over 20 years’ experience in Private Equity investment, restructuring and profit improvement, and has been a board member, CEO and advisor to various troubled public and private companies.

Adrian began his career in the Insolvency Division of Arthur Andersen during the recession of the early 90’ where he was predominantly involved in profit improvement, operational and financial restructuring. Adrian has restructured companies in Australia, Thailand and Brunei. Adrian holds a Bachelor of Laws, a Bachelor of Economics degree, a Diploma of Applied Finance and Investment, is an admitted NSW Solicitor, aqualified Chartered Accountant and is currently the Chairman of the Turnaround Management Association of Australia.

Allegro is an independent manager owned by its principals. Allegro invests in mid-market businesses with an enterprise value of up to $100M within Australia and New Zealand. Allegro invests in both performing businesses requiring capital to effect a step change and businesses requiring capital to affect a turnaround or restructure existing funding arrangements.

Adrian is the Regional Director of TMA Asia–Turnaround Management Association and has previously been the Chairman and President of TMA Australia www.tma.org.au

Adrian is on the boards of CH2, I-MED Network, McColls and Vulcanite Ltd.
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Gwyn Morgan

Westpac

Gwyn Morgan is the Head of Credit and Asset Structuring within Westpac Banking Corporation’s Institutional Bank. Leading a team of over 110 credit and risk professionals, Gwyn has had global responsibility for overseeing the management Westpac’s impaired and doubtful wholesale credit exposures for the last fifteen years and now has responsibility for the Institutional Bank’s global credit function.

In 1997/8 he fulfilled the role of Chairman of the Co-ordination Committee of Lenders to the Burns Philp & Company Limited Group overseeing that group’s successful restructuring and recapitalisation.

Prior to his involvement in the restructuring of Burns Philp, Gwyn managed a number of the bank’s independent credit risk and portfolio risk review field teams.

Over the past twenty five years, Gwyn has had various senior management roles within Westpac’s Credit Risk Management, Asset Management and Institutional Banking groups including ten years managing impaired corporate exposures. He has managed numerous complex corporate workout or recovery situations in Australia, Canada, New Zealand, Asia, Europe, the UK and the US.

Gwyn is a Fellow of the Financial Services Institute of Australasia and is the immediate past Chair of the Australian INSOL Lenders’ Group.

John Nestel

Herbert Smith Freehills

John is a partner in the Banking & Finance group, with a primary focus on leverage corporate financings, including those involving mezzanine debt, and the restructuring of same.

Since joining Freehills, John has played a major role in some significant financing transactions, including a large number of high-profile privatisations and infrastructure projects. Many of those projects relied upon complex cross border financings, which has become one of John's specialties. Similarly, John has been very active in supporting the turnaround and restructuring market in Australia, having worked on major corporate restructures in the United States and Europe during the past decade.

John has also been involved in many of the recent significant administrations and informal workouts in Australia, as well as in developing innovative usages of mezzanine debt.

John has had a number of articles published in both the Australian Law Journal and the Journal of Banking & Finance Law.

Become a CTPA

The CTPA Certification Programme
The Certified Turnaround Professional Associate (CTPA) certification program of TMA Australia has been developed with the support of University of Technology Sydney (UTS) specifically for the Australian market to offer corporate professionals solid foundations to operate successfully in the turnaround industry.

The CTPA program is the first of its kind in Australia and develops skills in leadership, legal and accounting aspects for turnaround situations. The CTPA certification programme requires the completion of 3 individual modules:

  • Strategic Management for Turnaround
  • Accounting for Turnaround
  • Law for Turnaround

Each course is approx. 40 hours in duration and is equivalent to a Postgraduate level University subject. 

Qualified CTPA’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 credentials.

In Association with UTS
All courses are prepared and presented by leading academics from the UTS Faculties of Business and Law and also utilises industry experts as guest speakers and lecturers.

UTS is a responsive and progressive university with a strong reputation and important role of providing courses to meet the demands of a changing business environment.  UTS has brought new business and professional partners into the higher education arena and, through the use of industry based, practical work and innovative teaching technologies, is challenging traditional approaches to teaching and learning for the professional disciplines.

 

Click here to be directed to details about the CTP Programme on the UTS website.

 

Strategic Management for Turnaround

This course helps bring greater strategy to
your Turnaround industry process

Advanced Turnaround Thinking
This course investigates how leaders fix troubled companies utilising real life Australian and international case studies including interviews with leading Australian turnaround practitioners and corporate bankers. Whilst it has deep academic underpinnings it is a highly practical course which uses field-tested frameworks and models that help show a step by step approach to leading turnarounds.

During this 3 day, intensive Executive Certificate Course, the facilitators will, discuss and use a range of exercises that will help you to better understand your own leadership style and recognise how to modify your style as the turnaround develops.
The program is enhanced with specialist presentations provided by leading industry practitioners.

Course Dates:
2013 course will take place in NSW & VIC only:

  • Sydney: 5, 6, 7 March 2014 (click here)
  • Brisbane: 27, 28 & 29 May 2014 
     (For course information via the UTS site - click here)

All courses take place in CBD locations between 9am - 5.30pm.

Topics include:

  • Implications of a turnaround
  • Early warning signs of decline and failure
  • Facing up to the leadership challenges
  • The turnaround framework: The 7 key competencies
  • Five stages that proceed successful turnarounds
  • Crisis stabilisation and control
  • Identification and management of stakeholders
  • Addressing the strategic imperatives
  • Driving change in business processes
  • Financial restructuring and the role of experts
  • Contemporary legal issues regarding turnaround in Australia
  • Professional standards for the turnaround practitioner

Cost:
$2395 + GST per module
15% discount for 3+ enrolments from the same company
10% discount for UTS Alumni

Law for Turnaround

Law for Turnaround is a specialist course for those
working in the turnaround industry.

Law for Turnaround is a specialist course for those working in the turnaround industry. This 3 day course examines the legal issues involved with restructuring financially distressed companies.
Participants will gain knowledge on the legal issues that arise in contract, corporate, finance, taxation and property law during a turnaround. All of these aspects are relevant for developing a legally effective corporate re-organisation for distressed companies prior to the formal insolvency process.

The course provides the essential knowledge to help turnaround professionals understand the legal framework which affects every aspect of their role.

An interactive style of teaching with practical exercises is used to help ensure a greater understanding and the program is enhanced with specialist presentations provided by leading industry practitioners.

Course Dates:
2013 courses for NSW & VIC only:

All courses take place in CBD locations between 9am - 5.30pm.

Topics include:

  • Legal issues for turnaround managers
  • Commercial law issues for turnaround managers
  • Corporate regulation
  • Tax and valuation issues
  • Identifying financial distress
  • Pre-restructuring issues
  • First steps – negotiating with shareholders
  • Developing a restructuring plan
  • Dealing with major lenders
  • Securing key contracts
  • Dealing with major creditors
  • Case studies

Cost:
$2395 + GST per module
15% discount for 3+ enrolments from the same company
10% discount for UTS Alumni

Accounting for Turnaround

The accounting process for Turnaround presents
unique financial circumstances to businesses

Accounting for Turnaround provides familiarity with the accounting processes and conventions essential to reviewing and managing business activities, especially those involved with the management of a firm being re-organised.

This 3 day course builds an understanding in accounting and uses the knowledge and concepts to create an awareness of how value is created within an underperforming business. The course provides case studies on Australian and international corporations examining why they have collapsed whilst others have been revived.

On completion, participants will understand the methods used by accountants to prepare statements; review business operations using financial statement analysis tools to explore and explain changes in the operating, investing and financing activities of the firm; through to applying various Business Valuation technologies for workouts and turnarounds and to understand the issues arising in their application in a turnaround context.

Course Dates:
2013 courses for Victoria only:

All courses take place in CBD locations between 9am - 5.30pm.

Topics include:

  • Information for decision making
  • Building & using an integrated model
  • Determining funding solutions
  • How to fund a turnaround
  • How to raise money
  • Financial statement ratios and value drivers
  • Forecasting
  • Valuation methods – different perspectives
  • Credit analysis
  • Reorganisation strategies
  • Reporting by entities in reorganisation

Cost:
$2395 + GST per module
15% discount for 3+ enrolments from the same company
10% discount for UTS Alumni

For more information please email:
info@turnaround.org.au

or visit the UTS website - CLICK HERE