April 2018

TMA President’s Message Turnaround Management Association: Going Beyond the Ballroom

The Turnaround Management Association offers restructuring professionals tools and resources to succeed in their careers. The TMA Annual, scheduled for September 26 to 28 in Colorado Springs, CO, is a prime opportunity to network and connect with lenders and other professionals. This year’s TMA Global President, Kevin Krakora, head of KMPG’s U.S. Restructuring Practice, outlines the programs TMA is launching to expand the organization’s member benefits beyond the ballroom.



Kevin Krakora, Global President, Turnaround Management Association

Kevin Krakora, Global President, Turnaround Management Association

Face-to-face meeting and networking will always form the backbone of what the Turnaround Management Association offers its members and those who attend chapter, regional and global events. The TMA also is striving to provide value to our members beyond the networking reception. I’d like to outline a few new initiatives that we have rolled out to our membership in the last year.

Digital Matchmaking for TMA Members

To help expand value beyond the ballroom, TMA launched a proprietary members-only digital platform offering peer-to-peer networking introductions called TMAConnect.

Each one-on-one introduction is specifically selected for each user based on responses to a series of simple questions. Based on your responses, our proprietary algorithms pair you with a fellow TMA member who matches the criteria you are looking for in an ideal networking connection. You will then receive an email introducing you to this person, allowing you to contact him or her on your own time. It only takes a few minutes to set up, and the more you use it, the more it learns about whom you’re trying to meet — and who might want to meet you.

Activist Shareholder Video Series

TMA also is working to keep members up to date with hot industry topics. TMA will be launching a three-part video series on one of the most potentially volatile topics in business: activist shareholders.

The series will provide viewers a glimpse into every stage of the process: from a general overview of what activist investing means in today’s business environment and how to manage activist investors, to contingency planning and how to control the message. Visit turnaround.org to purchase the series.

Face-to-Face Connections

In addition to the increased value offered outside of events, TMA Global continues to invest in our marquee in-person events. The 2018 TMA Annual, September 26 to 28 at The Broadmoor in Colorado Springs, CO, will offer attendees myriad opportunities for face-to-face contact to strengthen existing business relationships and expand each of their networks. The many receptions, coffee breaks and informal gatherings during the conference are fertile grounds for networking.

This year’s conference marks the 30th anniversary of The Annual and the TMA Hall of Fame induction. Every five years, TMA honors those whose outstanding individual contributions have made a lasting positive impact on an industry dedicated to stabilizing underperforming companies, rebuilding corporate value and retaining jobs. Nominations are open until April 27. Visit turnaround.org to nominate a colleague today.

TMA is the Gathering Place

I want to underscore that TMA was always, and con-tinues to be, the only association in our industry that brings all professionals and investors involved together in a single room.
This occurs because of the nature of our multidisciplinary membership which includes:

  • 800 consultants/practitioners from 46 states/provinces and 490 firms
  • 1,300 attorneys/legal from 46 states/provinces and 580 firms
  • 340 lenders and investors from more than 34 states/provinces and 250 firms

In closing, I’d encourage those who haven’t attend-ed a TMA event to give it a try. Chances are, you know a few existing members. Reach out to them and expand your network.