Deals & Departures

David Winterbottom is leaving KordaMentha

Winterbottom quits Kordas

KordaMentha restructuring veteran David Winterbottom confirmed to SiN yesterday he is leaving the top tier practice for the less burdensome life of consulting and directorships. The 52 year old, who started KordaMentha’s Sydney office with another ex-EY and Arthur Anderson alumni, Martin Madden in 2004, said after 30 years in insolvency he was ready to do something else. He had told the “two Marks” of his intentions…


EY scoops up PPB partners

PPB loses finance and property partners to EY

There’s plenty that can be read into the recent decision by Marcus Ayres to move to EY, which the now ex-PPB Advisory partner was happy to confirm. Like why PPB Advisory – post the Litmus merger – appears less attractive to at least some of the partners who’ve been watching the continued growth in informal restructuring? Ayres is seeking a new opportunity, just like colleague…


Wife of Stephen Charles Hall replaces him as director

Banned director’s wife takes over

What would banned director Stephen Charles Hall of Burleigh Heads in Queensland do without wife Jodie? When the Australian Securities and Investments Commission (ASIC) banned the pre-insolvency advisor and head of Eagle Business Solutions (EBS) for five years from April 26, 2016 Jodie Lynette Hall stepped in to ensure some of her husband’s companies continued with herself at the helm. There was no saving EBS. It was…


Veritas Advisory on the move

Veritas on the move after Orca Property play

After almost a decade domiciled at 88 Pitt Street, Veritas Advisory principal David Iannuzzi is moving out, though the new digs could hardly be located in more familiar surrounds given he and his team are moving across the road to Angel Place. Level 12, 88 Pitt used to be owned by the late Murray Godfrey of RMG Partners. Godfrey and Iannuzzi formed Veritas Advisory in 2013 and…


Dinoris launches Artemis Insolvency

Peter Dinoris, who in October ended a lengthy tenure with Vincents on what are believed to be less than amicable terms, has launched his own practice. The new outfit is called Artemis Insolvency and while it’s understood that one member of Artemis has been poached from the former firm, all Dinoris’s anonymous PR man would say about staffing is that: “He currently has a team…


Iannuzzi arouses ire ahead of MK liquidation

Veritas Advisory principal David Iannuzzi has upset some of the now former staff of the MK Floors group such that they’ve reportedly fired off a letter to the corporate regulator and ARITA questioning his independence. SiN’s already reported on MK Floors and Iannuzzi’s appointment at: Veritas And CBA Content With Constantinidis but that was before last Wednesday when approximately 40 staff were sacked and responsibility for their entitlements shunted…


Grant Thornton counts losses in Arrium aftermath

Social media platforms provide an excellent means by which one can keep track of an insolvency practitioner’s career. Who after all isn’t eager to announce their arrival at a new organisation, particularly if clients haven’t acknowledged the email notifying them of the mobile careerists’s changed circumstances that was sent prior to departing the old firm? And what better or more convenient way to declare one’s…


Dinoris talks ignore elephant in the office

Liquidator Peter Dinoris may have parted ways somewhat abruptly with Vincents Chartered Accountants but salvation in the form of a new role is potentially a mere seven floors down from Vincents’ Level 34 HQ in the Santos Place complex on Brisbane’s Turbot Street. Whilst processing dross from the insolvency silts earlier this week, SiN learned that the out-of-work Queenslander was considering re-establishing himself under the banner of…


Dinoris and Vincents part company

Perhaps it’s a coincidence but in the wake of the findings of Federal Court Judge John Reeves, Peter Dinoris and Vincents Chartered Accountants have parted company. The registered liquidator and doyenne of Brisbane’s Orthodox Greek community told SiN this week he tended his resignation on October 4. He declined to be drawn on why his 15 years with Vincents had come to what seems an abrupt…


Vannin deal came after creditors refused FTI

Until the afternoon of September 5, Queensland Nickel’s (QN) general purpose liquidators (GPLs) – John Park, Kelly-Anne Trenfield, Stefan Dopking and Quentin Olde – were stuffed. The FTI four had no money to pursue claims they’d identified as GPLs and no money to cover the liabilities they’d incurred operating the Yabulu Nickel Refinery as QN’s voluntary administrators (VAs). In addition, indemnities provided by the refinery’s controller Clive Palmer prior to…