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A True Force of Nature: Harvey S. Gross Wins NYIC Centennial Award

At the New York Institute of Credit’s 100th Anniversary Dinner, the organization will present its Centennial Award to its longtime executive director, Harvey Gross. A member for 53 years, Gross has been a major influence on the organization’s development. Linda McDonough, who interviews Gross and other NYIC members, notes Gross has volunteered his time for all these years while simultaneously managing a professional career.

June 6, 2018 | ABF Journal

The New Industrial Revolution: Lending Opportunities Spurred by Growth of the Gig Economy

The war for talent is over. And the employee has won. Employees today demand the same level of choice, service and flexibility in the workplace as they do as consumers. As a result, we’re seeing a dramatic change in the shape of the global workforce. The rise of the gig economy is transforming work as […]

April 17, 2018 | | | ABF Journal

After a Volatile Political Year, What’s Next for Turnaround Professionals

After the 2016 election, Howard Brod Brownstein shared his observations of the challenges facing the turnaround industry. A year later, after the passage of new tax reforms and with the threat of tariffs and new world conflicts, he looks into his crystal ball once more to see what the future holds for the restructuring industry.

April 17, 2018 | | ABF Journal

She Persisted: Karen Sessions Takes the Helm at Bank of America Business Capital

Karen Sessions attributes her success in the finance world to refusing to take “no” for an answer. Her career took her to Fleet, Union, Wachovia and Wells Fargo banks before she landed at Bank of America almost five years ago. In November, she was named head of Bank of America Business Capital and Asset-Based Lending. Although she contends she was lucky, her business skills and determination to succeed have propelled her into her current role.

April 17, 2018 | | ABF Journal

The Right Person in the Right Place: Robert Katz Enables Successful Turnarounds

No company wants to go through a turnaround process. Once the worst has happened, a company often needs the help of not only outside consultants, but lenders and creditors that won’t jump ship at the first sign of trouble. Turnaround professional Robert Katz, winner of this year’s M&A Advisor “Distressed M&A Dealmaker of the Year” award, discusses companies that have hit bottom and how they came out the other side.

April 17, 2018 | Amanda Koprowski

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.

April 17, 2018 | ABF Journal

2017 TMA Small Company Turnaround Award Winner: Vermont Aerospace Once Again Takes Flight

For 30 years, Vermont Aerospace crafted precision machinery for aircraft from its home in the Connecticut River Valley. A spiraling financial downturn combined with the unexpected death of its owner left the company reeling. After VA received the TMA’s 2017 Small Company Turnaround Award, the TMA invited attorney Cathy Reece to moderate a discussion by the turnaround team to learn how this unusual transformation enabled the company to avoid bankruptcy and retain its employees.

April 17, 2018 | | | | | | | | | | ABF Journal