Heading to FTI? Chris Hill. Restructuring gun Chris Hill was reportedly “miserable” at PwC and jumped to FTI Consulting after being conflicted out of a shot at Virgin sayeth the insolvency sector grapevine, which iNO yesterday pruned assiduously for insights, straight answers from Hill or FTI Australia practice leader Mark Dewar being yet to fruit. The move was reported in the AFR’s Street Talk column…
Expelled from ARITA – Aston Chace principal Steve Naidenov. Aston Chace principal Steve Naidenov has been expelled from ARITA after failing to provide responses that the peak insolvency and restructuring organisation found satisfactory. In a short statement published this morning ARITA said Naidenov’s membership was terminated yesterday after he failed “…to provide a reasonable response to ARITA’s inquiries regarding his conduct in relation to a…
Minter Ellison’s Michael Hughes. Told the court he had been advised the deed of assignment with the Deputy Commissioner of Taxation was a first. Firsts are generally worth a mention and Sydney liquidator Steve Nicols has reportedly chalked up such a milestone by entering into a deed of assignment that transfers a cause of action in the winding up of Anatax Pty Ltd to the…
The Oracle Insolvncy Services partnership from left to right: Dominic Cantone, Yulia Petrenko and Nick Cooper. It was little more than six years ago that Worrells trumpeted its arrival in South Australia via the recruitment of an ambitious liquidator by the name of Nick Cooper. Cooper had been lured from the BRI Ferrier SA practice headed by Alan Scott and Andre Strazdins, which itself had…
From KPMG to Duff & Phelps. Steve Parbery. Insolvency industry luminary Steve Parbery has rejoined former PPB Advisory colleagues at Duff & Phelps Kroll, ending his stint at KPMG which began when KPMG acquired Ferrier Hodgson in March 2019. Joking that he had made more moves in two years than the previous 30, Parbery said yesterday that as a senior advisor with a position on…
SV Partners no more! Liquidator Shumit Bannerjee. The current flat lining of insolvency appointments would you think give ambitious IPs eager to strike out on their own cause to reconsider. Not necessarily so. Take SV Partners’ director Shumit Bannerjee for example, or more correctly, former SV Partners’ director. Bannerjee it turns out has taken the bold – or perhaps prescient step – of leaving the…
On the move but not yet on a roll. Liquidator Mitchell Ball. Rolling across iNO’s desk in recent weeks have been murmurings about movement in Kent Street, where we understand Mitchell Ball, who puts the B in BPS Recovery, has parted company with the P and the S, Max Prentice and David Sampson. iNO’s mail is that Ball and a couple of his staff have…
BRI Ferrier’s Peter Krejci. BRI Ferrier’s Brian Silvia. One thing you can say about veteran insolvency practitioner and BRI Ferrier NSW partner Brian Silvia is that he’s not the type to go quietly, which is probably why the sound of equity holders’ heads butting has reached iNO’s ear, all the way from BRI’s offices atop Australia Square. iNO’s intelligence network has learned that Silvia and…
Tony McGrath. McGrathNicol Partner Kathy Sozou. “You only get one HIH in a lifetime of liquidations” insolvency veteran Tony McGrath might by moved to say as he finalises one of, if not the last of his formal insolvency appointments in pursuit of life as consultant, expert witness and independent company director. The imagined comment – fashioned from the late Kerry Francis Bullmore Packer’s famous quip…
Advertorial New Boutique Advisory Firm Olvera Advisors To Help Businesses Transition to post-COVID Conditions Olvera Advisors’ Damien Hodgkinson. Olvera Advisors’ Lucy Vecchio. The COVID pandemic has forced businesses large and small to navigate the twin challenges of dealing with the crisis while also trying to identify their function in the market when conditions recover. Nobody can be sure what the new normal will look like…