The Turnaround Podcast with Stephen Phillips, Episode 18

In this episode of The Turnaround Podcast, Stephen Phillips speaks with Janka Krings-Klebe and Jörg Schreiner,  experienced organizational coaches, who have led major transformation initiatives in international corporations, including Bosch. They are co-founders of co-shift GmbH, supporting companies in developing, repurposing, and scaling their existing capabilities to build long-term adaptability. They educate and prepare a new generation of managers to better deal with dynamic and complex transformation initiatives. Janka and Jörg are also co-authors of a new book, "Anti-fragile Organization."

Tune in to the episode to hear about:

* The need for resilience and adaptability in this rapidly evolving landscape of modern business and how the expertise of experienced organizational coaches is invaluable

* How Janka and Jörg’s mission to prepare a new generation of managers capable of navigating the intricacies of dynamic and complex business transformation initiatives

* Janka and Jörg’s book titled “Anti-Fragile Organization,” which serves as a guide for those aiming to fortify their organizations against the unpredictable tides of change

Learn more about Janka Krings-Klebe and Jörg Schreiner:

* Connect with Janka Krings-Klebe on LinkedIn: https://www.linkedin.com/in/janka-krings-klebe

* Connect with Jörg Schreiner on LinkedIn: https://www.linkedin.com/in/joerg-schreiner

* Follow co-shift on LinkedIn: https://www.linkedin.com/company/co-shift

* Visit co-shift’s website: https://www.co-shift.com/imprint

* Check out Janka and Jörg’s book, “The Antifragile Organization: From hierarchies to ecosystems” https://www.amazon.com/Antifragile-Organization-hierarchies-ecosystems/dp/1915951879

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About The Turnaround Podcast:

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

Watch more episodes of The Turnaround Podcast::

* FreiLibertas Law’s YouTube Channel: https://www.youtube.com/channel/UCWzwWr13TM2692SYEJc-U3g

Connect and learn more from your host, Stephen Phillips:

* LinkedIn: https://www.linkedin.com/in/stephen-phillips-85034324

* Website: https://www.freilibertas.com/founders-experience

The Turnaround Podcast with Stephen Phillips, Episode 17

In this episode of The Turnaround Podcast, Stephen Phillips speaks with renowned short seller Fraser Perring, founder and researcher at Viceroy Research, an international investigative financial research group. Perring founded Viceroy Research with Australian partners Aiden Lau and Gabriel Bernarde in 2016. Viceroy is dedicated to uncovering financial misconduct, promoting transparency, and holding public companies accountable. Their work plays a critical role in improving the quality of global financial markets.

Tune in to the episode to hear about:

* Fraser’s unconventional path into financial investigations, beginning his career as a social worker, transitioning into short selling after exposing a significant child risk issue in 2012

* The transferable skills from social work to short selling, such as looking at the bigger picture and refining research methodologies

* The beginning of Viceroy Research, starting as a small team of three, leveraging their unique skill sets

* Viceroy’s current evolution from a research provider towards hedge fund status

* How Viceroy identifies targets for their investigations, often beginning with word of mouth and media articles then diving deeper into financials, subsidiaries, and company behaviors

* Common red flags Viceroy sees in investigations such as overpromised returns and dismissive attitudes toward legitimate concerns

* Viceroy’s trading strategies, including the mechanics of short selling and the use of options for risk management

* The challenges Viceroy has faced, such as the potential for significant losses and the effects of high short interest

* The unique risks involved in short selling

* Regulatory pressures and investigations faced over the years and criticism of how some regulators are swayed by influential companies and pursue short sellers rather than addressing the fraud

* The positive changes Fraser sees in regulatory environments with the attitude of the SEC, providing an optimistic view for the future

* Intimidation tactics employed against short sellers with firsthand instances of unlawful surveillance and attempts to discredit him

* The importance of maintaining humor in the world of short selling

* The future of Viceroy with more targeted and significant projects, stressing the essential role of short sellers in maintaining market integrity and transparency

* The crucial role of activists and short sellers in the financial markets to ensure companies and regulators are fully accountable for the actions

Learn more about Fraser Perring:

* Connect with Fraser on LinkedIn: https://www.linkedin.com/in/fraser-perring-b03589159

* Visit Viceroy Research’s website: https://viceroyresearch.org

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About The Turnaround Podcast:

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

Watch more episodes of The Turnaround Podcast:

* FreiLibertas Law’s YouTube Channel: https://www.youtube.com/channel/UCWzwWr13TM2692SYEJc-U3g

Connect and learn more from your host, Stephen Phillips:

* LinkedIn: https://www.linkedin.com/in/stephen-phillips-85034324

* Website: https://www.freilibertas.com/founders-experience

The Turnaround Podcast with Stephen Phillips, Episode 16

In this episode of The Turnaround Podcast, Stephen Phillips speaks with Zip Jila, Partner at Warwick Capital Partners LLP, a global special situations investment firm, addressing complex capital needs across equity and debt.

Tune in to the episode to hear about:

* Zip’s compelling career journey into the realm of restructuring, entering during the Global Financial Crisis

* Clarification on the elusive nature of working in "special situations"

* The importance of diverse teams in driving better governance and risk management, leading to stronger financial performance

* Warwick Capital Partners’ strategy of unlocking value in special situations

* Potential opportunities arising from market dislocations, under-capitalization, and the shifting dynamics amid global challenges

Learn more about Zip Jila:

* Follow Warwick Capital Partners on LinkedIn: https://www.linkedin.com/company/warwick-capital-partners-llp

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About The Turnaround Podcast:

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

Watch more episodes of The Turnaround Podcast::

* FreiLibertas Law’s YouTube Channel: https://www.youtube.com/channel/UCWzwWr13TM2692SYEJc-U3g

Connect and learn more from your host, Stephen Phillips:

* LinkedIn: https://www.linkedin.com/in/stephen-phillips-85034324

* Website: https://www.freilibertas.com/founders-experience

The Turnaround Podcast with Stephen Phillips, Episode 15

In this episode of The Turnaround Podcast, Stephen Phillips speaks to Andrew Pepper,  Head of Special Situations and Restructuring at the newly relaunched professional service firm, S&W,  a top 10 accountancy and advisory firm.

Tune in to the episode to hear about:

* Andrew’s career journey, including his experiences at KPMG, PWC, BDO, Hilco Capital, and his role in establishing Resolve and its evolution

* Andrew's problem-solving approach, his methods for saving struggling businesses, and the importance of early intervention and strategic planning in turnaround situations

* The future of special situations, the impact of technology and AI on the industry, and government involvement in restructuring, highlighting the need for adaptability and proactive management

Learn more about Andrew Pepper:

* Connect with Andrew on LinkedIn: https://www.linkedin.com/in/andrew-j-pepper-80b47016

* Follow S&W on LinkedIn: https://www.linkedin.com/company/swgroupuk

* Visit S&W’s website: https://www.swgroup.com

***********************************

About The Turnaround Podcast:

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

Watch more episodes of The Turnaround Podcast::

* FreiLibertas Law’s YouTube Channel:

https://www.youtube.com/channel/UCWzwWr13TM2692SYEJc-U3g

Connect and learn more from your host, Stephen Phillips:

* LinkedIn: https://www.linkedin.com/in/stephen-phillips-85034324

* Website: https://www.freilibertas.com/founders-experience

The Turnaround Podcast with Stephen Phillips, Episode 14

In this episode of The Turnaround Podcast, Stephen Phillips speaks with Clark Nicholls, CIO and Founder of Aucit Investment Management, a long and short fund specializing in high yield bonds.

Tune in to the episode to hear about:

* Clark’s career journey from being a senior portfolio manager at AXA to founding Aucit Investment Management and being on the boards of prominent finance associations

* The characteristics that define high yield bonds, differentiating them from investment-grade bonds.

* How technical and fundamental analyses play pivotal roles in decision-making frameworks

* The inspiration and journey to Clark launching Aucit rooted in the principle of stewardship—serving investors with a focus on risk-return performance

* How advancements in technology are reshaping financial landscapes and the impact on high yield markets

* Clark’s outlook on the future of the markets facing geopolitical pressures and changes in interest rates that affect the dynamics of high yield bonds.

* Ongoing opportunities in the high yield space, fueled by careful credit work and strategic foresight

Learn more about Clark Nicholls:

* Connect with Clark on LinkedIn: https://www.linkedin.com/in/clarknicholls

* Follow Aucit Investment Management on LinkedIn: https://www.linkedin.com/company/aucit-im.com

* Visit Aucit Investment Management’s website (note this is password protected): https://aucit-im.com

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About The Turnaround Podcast:

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

Watch more episodes of The Turnaround Podcast::

* FreiLibertas Law’s YouTube Channel: https://www.youtube.com/channel/UCWzwWr13TM2692SYEJc-U3g

Connect and learn more from your host, Stephen Phillips:

* LinkedIn: https://www.linkedin.com/in/stephen-phillips-85034324/

* Website: https://www.freilibertas.com/founders-experience

In this episode of The Turnaround Podcast, Stephen Phillips speaks with David Buchler, Chairman of Buchler Phillips, an independent boutique firm, with an impeccable Mayfair heritage, specialising in corporate recovery, turnaround, restructuring and insolvency.

Tune in to the episode to hear about:

- David Buchler’s career achievements, including leadership roles at Arthur Andersen, Kroll, and Buchler Phillips

- David ‘s early career transition from selling suits to becoming a Chartered Accountant, ultimately leading to his specialization in restructuring and insolvency

- David's experiences with Arthur Andersen, the intricacies of restructuring different businesses, and notable cases like Robert Maxwell's bankruptcy and football restructuring cases including his time as Vice Chairman at Tottenham Hotspur FC during the Alan Sugar era

- David’s passion for opera, detailing his involvement with the London International Opera Festival and his ongoing opera blog

- Career advice for aspiring restructuring professionals

- David’s views on the future of restructuring, attributing its increased demand to economic pressures and high tax burdens

Learn more about David Buchler:

* Connect with David on LinkedIn: https://www.linkedin.com/in/david-buchler-156222151

* Visit Buchler Phillips’ website: http://www.buchlerphillips.com

* Read David’s Opera Reviews: https://www.operaspy.com

* Subscribe to Buchler Phillips’ YouTube Channel: https://www.youtube.com/@buchlerphillips1946

* Follow Buchler Phillips on X: https://x.com/BuchlerPhillips

* Learn more about English National Opera: https://www.eno.org

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About The Turnaround Podcast:

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

Watch more episodes of The Turnaround Podcast:

* FreiLibertas Law’s YouTube Channel: https://www.youtube.com/channel/UCWzwWr13TM2692SYEJc-U3g

Connect and learn more from your host, Stephen Phillips:

* LinkedIn: https://www.linkedin.com/in/stephen-phillips-85034324

* Website: https://www.freilibertas.com/founders-experience

The Turnaround Podcast with Stephen Phillips, Episode 12

In this episode of The Turnaround Podcast, Stephen Phillips speaks with renowned economist Julian Jessop. Tune in as Julian shares his expert analysis on financial turnarounds, the global economy, Brexit, and more. He currently operates semi-independently, contributing to think tanks like the Institute of Economic Affairs and engaging in various pro bono efforts.

Key takeaways:

* Julian Jessop's Career Journey — starting by reading economics at Cambridge, followed by significant roles at HM Treasury, HSBC, and Capital Economics.

* Why remaining independent as an economist is crucial, allowing him to offer insights without being constrained by affiliations or offending clients

* Julian’s sobering analysis of the UK and European economies

* Julian’s take on concerns about inflation and the potential for deflation

* The costs and benefits of Brexit

* Assessment of global economic players — China’s economic slowdown and deflationary concerns and the United States’ coming tariffs and fiscal imbalances

* Opportunities in UK consumer-driven sectors and construction

Learn more about Julian Jessop:

* Connect with Julian on LinkedIn: https://www.linkedin.com/in/julian-jessop-030ba43

* Visit Julian’s website: https://julianhjessop.com

* Follow Julian on X: https://x.com/julianhjessop

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About The Turnaround Podcast:

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

Watch more episodes of The Turnaround Podcast:

* FreiLibertas Law’s YouTube Channel: https://www.youtube.com/channel/UCWzwWr13TM2692SYEJc-U3g

Connect and learn more from your host, Stephen Phillips:

* LinkedIn: https://www.linkedin.com/in/stephen-phillips-85034324

* Website: https://www.freilibertas.com/founders-experience

The Turnaround Podcast with Stephen Phillips, Episode 11

In this episode of The Turnaround Podcast, Stephen Phillips speaks with Saam Golshani, Partner in the EMEA Private Equity team of White & Case’s Global Mergers & Acquisitions practice.

Tune in to the episode to hear about:

- Saam’s career and the complexities of the French restructuring market

- The evolution of French restructuring laws, including the implementation of the EU directive in 2021, which introduced significant changes such as the cross-class cram down mechanism

- Notable case studies like Eurotunnel, Valourec, and a pioneering cross-class cram down deal, highlighting the challenges and successes in these high-profile restructurings

- The relative lack of impact of Brexit on UK-French legal collaboration within the restructuring and finance market

- The current restructuring market,and the future plus the importance of physical fitness to manage stress in the industry,

Learn more about Saam Golshani:

- Read Saam’s bio on White & Case’s website: https://www.whitecase.com/people/saam-golshani

- Connect with Saam on LinkedIn: https://www.linkedin.com/in/saam-golshani-60251b

- Email: saam.golshani@whitecase.com

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About The Turnaround Podcast:

In each episode of The Turnaround Podcast, Stephen Phillips speaks to experienced practitioners who discuss their careers, key moments, challenges, and lessons learned in financial turnarounds and business restructuring. Tune in as they unravel the secrets to turning struggling businesses into successful ones.

Watch more episodes of The Turnaround Podcast:

* FreiLibertas Law’s YouTube Channel: https://www.youtube.com/channel/UCWzwWr13TM2692SYEJc-U3g

Connect and learn more from your host, Stephen Phillips:

* LinkedIn: https://www.linkedin.com/in/stephen-phillips-85034324

* Website: https://www.freilibertas.com/founders-experience