Principal at Faraday Associates
Brisbane, Qld
TMA member since 2019

I'm a Principal at Faraday Associates based in Brisbane, Australia. I combine financial analysis with legal and structuring expertise to assist Faraday’s clients across diverse industries, and lead our Queensland offering.

What I enjoy most about working in the turnaround industry is that it’s always throwing up challenging and engaging problems to work through. This has been true from my first days in turnaround as an insolvency law clerk a decade ago through to the special situations I'm involved in today as an investment banker.

I first got involved with TMA Australia as a young professional at HSF, engaging with TMA's events and various law reform submissions being prepared by the TMA at that time. I was also part of the TMA NSW NextGen committee, prior to starting Faraday's Brisbane office.

Something that my colleagues or fellow TMA members would be surprised to learn about me is that I'm back spending my Friday evening's playing football after a decade hiatus. The break certainly did no favours, and with a recent addition to the family you can add my wife to those surprised I am back playing again...

The best piece of professional advice I’ve ever been given is: Buy options, don't sell them!

Put another way, while forecasting has utility it's important to understand the consequences of being wrong, and where possible build optionality into any plan. It’s important to remember that the map is not the territory.

The best things about being a TMA member are that over time spent speaking with colleagues informally, you get to see how other participants see the turnaround industry. Being able to put yourself in other people's position is always valuable as an advisor.

The one area of reform that I’d like to see for the turnaround and restructuring market would be reforms aiming to simplify the market, as the companies and their creditors are ultimately the ones who bear the costs of friction. A welcome (and perhaps achievable?) illustrative reform would be to consolidate the laws pertaining to corporate insolvency into one dedicated section of the Corporations Act.

Having related laws span several pieces of legislation is apt to mislead. This is of course marginal, but steps in the right direction are welcome!