Mike Cook | Corporate financing and restructuring

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Mike is also a regular appointment as Chief Restructuring Officer and Director on the Board of distressed companies.

Mike started his career at Barclays Bank and after 10 years joined Standard Bank to take up the position of Deputy Credit Manager in London. During his 18 years at Standard Bank, Mike held several senior roles within the risk department, leading teams focused on portfolio management, restructuring and turnaround. From 2006 to 2012, Mike was Global Head of Restructuring and Turnaround at Standard Banks, managing teams in Africa, Asia, Latin America and Europe.

Subsequently at Standard Chartered Bank, Mike was Head of Group Special Asset Management (GSAM), Europe and Americas region – with a portfolio of over US$3 billion – and Global Head of Structured Solutions and Advisory , tasked with finding market-based solutions for large enterprise customers in distress.

Mike has held a position on the board of an Africa-based infrastructure fund and has also represented creditor interests on the boards of private companies in distressed restructurings.

Mike is an Associate of the Chartered Institute of Bankers and a Fellow of the Institute for Turnaround.

Professional Affiliations and Academic Qualifications
  • Fellow of the Chartered Institute of Bankers
  • Member of the Recovery Institute
Professional experience
  • Assisted a major West African bank in the management of their delinquent loans from their UK operation. This involved playing a lead role in several loans to West African borrowers, primarily in the oil and gas sector and managing a large credit insurance claim.
  • Chief Restructuring Officer of a Ghanaian steel company to restructure its banking facilities to match its revised business plan. The lenders were all Ghanaian and exceeded 10 institutions.
  • Assisting an African bank in a number of default situations mainly located in Nigeria, Ghana and Kenya.
  • Assisting a UK bank in its turnaround strategy for an Ivorian multibank commodity company that had gone into liquidation and establishing and executing a turnaround plan for an international trading company.
  • Portfolio review of an international bank’s corporate NPL portfolio and early warning book (watch list). This was very well received by senior management, auditors and regulators and continued as an ongoing process under my leadership.
  • Handling multiple distress/recovery situations in oil and gas services, shipping, construction, mining, manufacturing, diamond and jewelry and commodity producers in Africa, Europe and the Americas .
  • Managed the exit of a portfolio of loans of more than 2 billion USD to the diamond and jewelery sector in Europe. This portfolio included 17 borrower groups and involved litigation and collection actions against several of the borrowers. An exit plan, with all customers, has been agreed and implemented.
  • Recovery of a failed structured warehouse commercial facility in Southern Africa where much of the collateral was stolen. This initially involved securing and managing the sale of the remaining stock, through the borrower with actively involved third-party monitors.
  • Restructuring of a project finance transaction for mining operations in Sierra Leone.
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