Insolvency & Restructuring with Richard Heis

4 Oct

The Turnaround Podcast with Stephen Phillips, Episode 9

In this episode of The Turnaround Podcast, Stephen Phillips speaks to Richard Heis, a Managing Partner at Interpath Advisory. Having been a well known figure on the restructuring and insolvency scene for the last 30 years, Richard is mainly known in the market for banking insolvencies going back to Barings Bank and more recently well known insolvencies as Dunfermline Building Society and MF Global.

Tune in to the episode for these key takeaways:

Accidental Entry into the Profession: Richard Heis talks about entering the restructuring field by chance after a pivotal experience as an auditor at KPMG.
Navigating High-Pressure Situations: Richard emphasizes making decisions with imperfect information in high-stakes situations, highlighting differing responses to pressure.
Evolution of Insolvency Practices: Richard goes over how the field has evolved toward greater ethics and transparency, with technology accelerating banking crises.
Experience with Iconic Insolvencies: He recalls landmark cases like the Barings Bank collapse, noting a shift to a more aggressive market approach.
Career Pathways in Restructuring: Richard reflects on restructuring as a springboard for transitioning into senior management, hedge funds, or banks.

Learn more about Richard Heis:

Connect with Richard Heis on LinkedIn: https://www.linkedin.com/in/richard-heis-768678119
Visit Interpath’s website: https://interpath.com/services/chief-restructuring-officer-services

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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: