Daily News: April 18, 2014

Bankruptcy Scholar to Speak at NJ TMA Expert Exchanges

The NJ Chapter of the Turnaround Management Association announced that bankruptcy scholar Dr. Edward I. Altman will speak at the upcoming Expert Exchanges educational event on May 6 at the Newark Club in Newark, NJ. He will present Restructuring 101 – Predicting Financial Distress & Managing a Financial Turnaround.

Dr. Altman is the Max L. Heine professor of finance at the Stern School of Business, New York University, best known for the development of the Z-Score for predicting bankruptcy. In addition, he is a leading academic on the high-yield and distressed debt markets and is the pioneer in the building of models for credit risk management and bankruptcy prediction.

“We are looking forward to hearing Dr. Altman’s insights on topics from his latest paper on restructuring and recidivism,” said Allen Wilen, NJTMA president.

Dr. Altman has an international reputation as an expert on corporate bankruptcy, high yield bonds, distressed debt and credit risk analysis. He was named Laureate 1984 by the Hautes Etudes Commerciales Foundation in Paris for his accumulated works on corporate distress prediction models and procedures for firm financial rehabilitation and awarded the Graham & Dodd Scroll for 1985 by the Financial Analysts Federation for his work on Default Rates on High Yield Corporate Debt and was named Profesor Honorario by the University of Buenos Aires in 1996. He is currently an advisor to the Centrale dei Bilanci in Italy and to several foreign central banks. Professor Altman is also the chairman of the Academic Advisory Council of the TMA. He received his MBA and PhD in finance from the University of California, Los Angeles. He was inducted into the Fixed Income Analysts Society Hall of Fame in 2001, president of the Financial Management Association (2003) and a FMA Fellow in 2004 and was amongst the inaugural inductees into the Turnaround Management Association Hall of Fame in 2008. In 2005, Dr. Altman was named one of the 100 Most Influential People in Finance by the Treasury & Risk Management magazine. He also received an Honorary Doctorate from Lund University, Sweden, in May 2011.