About TMA

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TMA People

The TMA board of directors consist of highly regarded professionals who are deeply connected to the Turnaround industry. Many run their own businesses and dedicate a significant proportion of their own time to the TMA and the overall betterment of the Turnaround industry. They are committed to corporate renewal and the benefits it can bring to the economy, business prosperity and especially to people.

NSW Regional Committee

Chairman

Vaughan Strawbridge

Deloitte

Vaughan has more than 17 years experience in reorganisation services, 14 of these with Deloitte encompassing Australia, South east Asia and the UK. He has expertise in advising stakeholders of underperforming businesses to provide a roadmap to maximise future value. Vaughan brings real commercial

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Vaughan Strawbridge

Chairman

Deloitte

Vaughan has more than 17 years experience in reorganisation services, 14 of these with Deloitte encompassing Australia, South east Asia and the UK. He has expertise in advising stakeholders of underperforming businesses to provide a roadmap to maximise future value. Vaughan brings real commercial experience in addition to restructuring services, of running multiple businesses across varied industry sectors effecting financial and organisational change.

Specialisation / expertise:

Lender advisory
- Business enhancement
- Situational advice, cost reduction, cash management, business enhancement
- Operational and financial restructuring / turnaround
- Independent business reviews and investigations
- Formal and informal insolvency engagements.

Vice President

Paul Apathy

Herbert Smith Freehills

Paul has extensive experience in Australia and Europe advising creditors, companies, insolvency practitioners and investors in respect of distressed situations. Paul also advises in respect of loan portfolio sales and other secondary debt market transactions. Some of the recent transactions on which Paul has advised include: -

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Paul Apathy

Vice President

Herbert Smith Freehills

Paul has extensive experience in Australia and Europe advising creditors, companies, insolvency practitioners and investors in respect of distressed situations. Paul also advises in respect of loan portfolio sales and other secondary debt market transactions.

Some of the recent transactions on which Paul has advised include:

- Seven Group in connection with the restructuring of Nexus Energy
- KKR, Varde and Deutsche Bank in connection with the financing of their acquisition of GE's Australian and New Zealand consumer finance business
- Suncorp Group on the sale of its $1.6 billion non-core corporate and property loan portfolio to Goldman Sachs
- Goldman Sachs in respect of the restructuring of Nine Entertainment Group
- Deutsche Bank on its acquisition of various loan portfolios from the Banksia group

Committee Member

Jennifer Ball

Clayton Utz

Jennifer is a key member of Clayton Utz' Restructuring and Insolvency team, and is a recognised expert in commercial litigation, specialising in all areas of insolvency, restructuring and banking litigation and has been involved in some of the most complex insolvency matters in Australia's corporate

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Jennifer Ball

Committee Member

Clayton Utz

Jennifer is a key member of Clayton Utz' Restructuring and Insolvency team, and is a recognised expert in commercial litigation, specialising in all areas of insolvency, restructuring and banking litigation and has been involved in some of the most complex insolvency matters in Australia's corporate history.

With over 22 years' experience, Jennifer acts and advises banks and financial institutions as well as receivers, administrators and liquidators and other key stakeholders in large-scale administrations on aspects of insolvency. Jennifer is also a recognised expert on director's duties and shadow directorship and has presented at many domestic conferences on this topic.

Committee Member

Matt Berger

Commonwealth Bank Australia

Matt is an Executive Manager with the Commonwealth Bank. He sits within CBA's Risk Management area and his role is to manage the credit risk of the bank's riskier large loans. Matt has 20 years' experience in the restructuring and turnaround industry. Prior to joining

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Matt Berger

Committee Member

Commonwealth Bank Australia

Matt is an Executive Manager with the Commonwealth Bank. He sits within CBA's Risk Management area and his role is to manage the credit risk of the bank's riskier large loans. Matt has 20 years' experience in the restructuring and turnaround industry. Prior to joining CBA in 2010, Matt conducted advisory work for the major lenders whilst at PwC and then later with PPB Advisory. Matt is a Chartered Accountant and his memberships include the Turnaround Management Association and the Risk Management Association.

Committee Member

Marcus Derwin

R Cubed Group

Marcus is a Senior Managing Director within the Corporate Finance & Restructuring segment of FTI Consulting. He specialises in supporting sustainable businesses faced with the challenge of stressed situations or crisis related circumstances. He acts in both advisory and Interim management capacities, including Chief Restructuring

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Marcus Derwin

Committee Member

R Cubed Group

Marcus is a Senior Managing Director within the Corporate Finance & Restructuring segment of FTI Consulting. He specialises in supporting sustainable businesses faced with the challenge of stressed situations or crisis related circumstances. He acts in both advisory and Interim management capacities, including Chief Restructuring Officer ('CRO)', Board and executive C-suite roles, in which he has a long established and proven global track record.

FTI Consulting (www.fticonsulting.com) is a global business advisory firm and the largest specialist advisory firm in Asia Pacific, advising on issues in the areas of finance, restructuring, risk, governance, performance, reputation, intelligence, compliance and liability.

Committee Member

Carl Gunther

KPMG

I joined KPMG in August 2009 and have over 20 years financial and operational restructuring experience. I am a restructuring specialist having led teams in complex operational and financial restructuring programmes across multiple industries.

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Carl Gunther

Committee Member

KPMG

I joined KPMG in August 2009 and have over 20 years financial and operational restructuring experience. I am a restructuring specialist having led teams in complex operational and financial restructuring programmes across multiple industries.

Committee Member

Merrick Howes

ACPA Pty Ltd (the Australian subsidiary of Anchorage Capital Group LLC)

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Merrick Howes

Committee Member

ACPA Pty Ltd (the Australian subsidiary of Anchorage Capital Group LLC)

Committee Member

Johan Krynauw

Allegro Funds

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Johan Krynauw

Committee Member

Allegro Funds

Committee Member

Sam Marsden

PwC

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Sam Marsden

Committee Member

PwC

Committee Member

Tony Ryan

Ashurst

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Tony Ryan

Committee Member

Ashurst

Committee Member

Paul Shew

Rothschild

Paul heads the Debt Advisory and Restructuring team at Rothschild in Australia. The team provides advice to corporates, banks, hedge funds, sponsors and other stakeholders on all aspects of financial structuring and restructuring, including stressed refinancings, distressed M&A, consensual and non-consensual restructurings. The team’s recent

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Paul Shew

Committee Member

Rothschild

Paul heads the Debt Advisory and Restructuring team at Rothschild in Australia. The team provides advice to corporates, banks, hedge funds, sponsors and other stakeholders on all aspects of financial structuring and restructuring, including stressed refinancings, distressed M&A, consensual and non-consensual restructurings. The team’s recent restructuring assignments include advising an energy company on negotiations with its lenders, advising the bondholders of Mirabela Nickel, advising the acquirer of one of the Lloyds loan portfolios, advising BrisConnections, advising par lenders to Nine Entertainment and advising the senior lenders to Alinta.

Paul joined Rothschild in 2009, following three years in a similar role with UBS. Prior to this Paul spent five years in the project finance and leveraged finance teams at Westpac. Paul also previously spent three years at Macquarie Bank advising clients in the utilities and infrastructure sectors and on cross border structured financings.

Committee Member

Jodie Summers

National Australia Bank

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Jodie Summers

Committee Member

National Australia Bank

Committee Member

David Tozer

Tozer and Co/

Mr. Tozer specializes in advising clients on event driven M&A, debt and equity financings, capital structuring, special situations and restructurings, strategic alternatives assessments, and valuations. Mr. Tozer has advised creditors on the US$275 million restructuring of Atlas Iron; advised NextDCon its A$220 million capital raising;

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David Tozer

Committee Member

Tozer and Co/

Mr. Tozer specializes in advising clients on event driven M&A, debt and equity financings, capital structuring, special situations and restructurings, strategic alternatives assessments, and valuations.

Mr. Tozer has advised creditors on the US$275 million restructuring of Atlas Iron; advised NextDCon its A$220 million capital raising; advised Imdex Limited on a A$54 million senior debt and warrants rescue refinancing; advised Wesfarmers on equity and debt monetization options and covering Coles and Bunnings property portfolio and development pipeline for A$2.5 billion, creating a joint venture for Coles and designing the first lease securitization in Australia for Bunnings; advised Watson Pharmaceuticals on A$375 million acquisition of Ascent Pharmaceuticals from Strides Arcolab; advised RBS on the £15 billion restructuring of BAA; advised Cheung Kong Holdings’ acquisition of EDF Energy distribution networks in London for £5.8 billion; advised and financed Permira on its €1.4 billion leveraged buyout bid for Samsonite; advised RBS on its strategic options, restructuring and security realization of Arcandor, a large German insolvency and successful secondary sell-down of majority stake in Thomas Cook Group PLC; structured and financed Oaktree Capital’s LBO and roll up of Stock Spirits Group for €325 million and subsequent proposed acquisition of Vin & Sprit (Absolute vodka) by Swedish government for €5.6 billion; advised the Australian government of the A$15 billion secondary sell-down of its remaining stake in Telstra (T3).

Mr. Tozer holds a B.Com. and an LL.B. from the University of New South Wales, graduating with merit and as the AXISS Scholar. He has completed Levels I and II of the CFA Program.