Steve is one of Australia's most senior corporate restructuring and insolvency specialists.
With more than 30 years experience in corporate restructuring and insolvency, Steve has been a partner at Ferrier Hodgson for more than 20 years. He is the current Chairman of Partners and Managing Partner of the Sydney office. In addition to his management responsibilities, he is also actively involved in providing professional advice and facilitating restructuring and turnaround strategies and re-engineering of entire businesses.
Steve works at the most senior level of business in Australia and internationally, dealing with boards, C-suite executives, top-level financiers and banking syndicates. His profile and experience in the turnaround sector has seen him engaged to help avoid or clean up after some of the most high-profile and complex corporate collapses in the Asia-Pacific region.
Major recent projects
Steve was engaged as Receiver an Manager of the Damelian Group. He was also engaged as the Administrator of REDgroup Retail, owner of Angus & Robertson, Borders and Whitcoulls, the largest book retail chains in Australia and New Zealand.
Steve was engaged by a diverse global banking syndicate as Receiver of the Allco Finance Group, which was one of the most complex formal appointments in Australian corporate history. He oversaw the divestment of Allco’s significant shipping, rail, aviation, funds management, infrastructure, property and global-assets divisions, all while continuing to manage the ongoing operations of the remaining parts of the business.
His appointment by an international lending group in relation to Australia’s first pay-TV operation involved the negotiation and implementation of restructuring/sales plans of international programming rights and infrastructure arrangements. The role necessitated formal appointments in both Australia and the US.
Other key assignments have included:
- Restructuring adviser to bank syndicate in relation to UK and Australian healthcare recruitment group.
- Restructuring adviser to the banking syndicate of a large UK / Australian recruitment group.
- Administrator of one of Australia’s biggest telecommunications companies, One.Tel Limited.
- Restructuring adviser to International Consumer Finance organisation.