operational - conference 2017 - tma€¦ · tma serbia is delighted to welcome you to the...

Advokati

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Operational RESTRUCTURING:

Key Challenges to Business Sustainability

June 7th 2017Belgrade

MAIN PARTNER

SPONSORS

Dear Participiants,

TMA Serbia is delighted to welcome you to the Operational Restructuring: Key Challenges to Business Sustainability conference 2017.

For this occasion, we have chosen Operational Restructuring as the main topic of the conference, due to the importance of operational improvements in the turnaround process of corporates. In many cases, to make a sustainable change in a distressed business, turnaround efforts must go beyond financial restructuring and include thorough operational restructuring, which involves willingness to initiate and accept the change, the right mix of skills and talent to implement improvements, as well as the creation of adequate control mechanisms to ensure long-lasting results. Turnarounds that incorporate true operational restructuring can cut costs, increase revenues, boost productivity, help to win and retain customers, and create a better place to work. In other words – they have the potential to be sustainable solutions.

Our event has a form of several panel discussions, aiming to present key elements of the process address various aspects of operational restructuring from different angles, such as lenders’ and investors’ perspectives. We believe that the event is the unique opportunity for the wider business community to understand and stress the importance of the operational restructuring in the chain of a business turnaround, hear success stories and lessons learned from the past.

We hope this conference will be an excellent platform to provide you with the opportunity to interact with key stakeholders, restructuring professionals, international financial institutions, and representatives of large corporates, leading distressed investment funds and workout lenders to develop future partnerships.

TMA Serbia

For further information about TMA Serbia activities please visit: www.tma.org.rs3

AgendaRegistration, co�ee & tea

Welcoming Remarks by TMA Serbia, Ivana Matić, President

Key Note - Best practices in operational restructuring process

• Reasons for initiating and goals of operational restructuring• Operational restructuring vs financial restructuring• Phases, activities and participants in operational restructuring• Operational diagnostic and restructuring plan• Critical factors for successful implementation, hidden opportunities and quick wins

Speakers: Petr Smutny, Business Recovery leader, PWC CEE

PANEL 1 „Operational restructuring in SEE“

• Does operational restructuring happen in reality?• Support from stakeholders - how to impose operational restructuring?• Availability of right expertise and talent• Successful vs. failed cases - what made the di�erence• Look into the future – what can be learned from the current developments in SEE

Moderator: Marko Fabris, Senior Manager in Advisory Services, PwC

Speakers: Bor Vošnjak, Deputy Head of restructuring of major clients at Bank Asset Management Company, DUTB Slovenia Marko Milošević, Director, Managment Consulting Professionals, BelgradeDragan Tepić, Principal banker, EBRD London Jasna Tufegdžić, Advisory for Financial A�airs, Amiga d.o.o. Slaven Ćurić , CFA- M.A. in Economics, Managing Partner, ADMETAM Business Consultants

Co�ee break

Registration, co�ee & tea









Co�ee break

SPONSORS

MAIN PARTNER

PANEL 2 „LENDERS’ PERSPECTIVE“

• Should lenders take management control and board positions• New money – who, when and under what conditions• Legal framework and practice for new money in SEE• Who should finance operational restructuring and how• Reporting, duty of care and monitoring results

Moderator: Marko Ketler, LL.M.(LSE) Partner / Attorney at Law in cooperation with Karanović & Nikolić

Speakers: Byron Nurse, Partner Restructuring and Insolvency group, Dentons London Dr. Martin Stotter, Member of the Managing Board/CRO, Rai�eisen Banka a.d. BeogradTijana Kojović Partner, BDK Advokati Milena Vukotić, Head of Corporate Special Credit, Unicredit bank Srbija a.d. BeogradMartin Kammermeier, Managing Director, Exit Management, Heta Asset Resolution Austria

Lunch

PANEL 3 „INVESTORS’ PERSPECTIVE“

• Appetite for business acquisitions and distressed opportunities in SEE, and recent practice• Equity investment vs financial support• Are succession businesses easier to restructure operationally?• Turnaround activities in first 100 days• Cooperation with stakeholders - lenders, existing shareholders and management

Moderator: Vladimir Pavlović, Director/ Managing partner, WM Equity Partners

Speakers:Loren Richards, Partner, Cli�ord Chance Frankfurt Nebojša Ćirić, CEO, East Point Holdings Ltd. Thompson McDaniel, Director of Deloitte's Strategy & Operations group, DELOITTEMarko Marković, COO, SBB Serbia BroadBand

Networking cocktail

MAIN PARTNER











Co�ee break










Co�ee break

SPONSORS

MAIN PARTNER

PANEL 2 „LENDERS’ PERSPECTIVE“

• Should lenders take management control and board positions• New money – who, when and under what conditions• Legal framework and practice for new money in SEE• Who should finance operational restructuring and how• Reporting, duty of care and monitoring results

Moderator: Marko Ketler, LL.M.(LSE) Partner / Attorney at Law in cooperation with Karanović & Nikolić

Speakers: Byron Nurse, Partner Restructuring and Insolvency group, Dentons London Dr. Martin Stotter, Member of the Managing Board/CRO, Rai�eisen Banka a.d. BeogradTijana Kojović Partner, BDK Advokati Milena Vukotić, Head of Corporate Special Credit, Unicredit bank Srbija a.d. BeogradMartin Kammermeier, Managing Director, Exit Management, Heta Asset Resolution Austria

Lunch

PANEL 3 „INVESTORS’ PERSPECTIVE“

• Appetite for business acquisitions and distressed opportunities in SEE, and recent practice• Equity investment vs financial support• Are succession businesses easier to restructure operationally?• Turnaround activities in first 100 days• Cooperation with stakeholders - lenders, existing shareholders and management

Moderator: Vladimir Pavlović, Director/ Managing partner, WM Equity Partners

Speakers:Loren Richards, Partner, Cli�ord Chance Frankfurt Nebojša Ćirić, CEO, East Point Holdings Ltd. Thompson McDaniel, Director of Deloitte's Strategy & Operations group, DELOITTEMarko Marković, COO, SBB Serbia BroadBand

Networking cocktail

AdvokatiSPONSORS


Speakers' Biographies

Dragan acquired strong financial skills during last 16 years in various financial institutions in Serbia and abroad. He joined EBRD in 2008 where he initially worked in the Resident Office Belgrade, covering different sectors, from agribusiness, manufacturing & services to natural resources. During the last five years he has been working in Corporate Recovery Unit, based in London. He is participating and leading recovery projects of the Banks’s impaired assets. These projects were funded with various financing instruments from equity participation to debt funding and some hybrid instruments. He is active across various sectors and countries where the Bank is present with a goal to maximize recovery through restructuring and / or disposal by direct sale or liquidation. Dragan’s previous work experience was with local commercial banks in Serbia, both in corporate recovery and in commercial banking.

Dragan Tepić / Principal BankerEBRD

Loren Richards / PartnerClifford Chance Frankfurt

Loren Richards is an English solicitor and partner at law firm Clifford Chance. He is based in Frankfurt. His practice has focused for nearly 20 years on German speaking countries, C&SEE and Turkey. Loren acts for the full range of stakeholders on domestic and cross-border financings (particularly acquisitions, corporate lending, real estate and infrastructure financing). He also acts for stakeholders on portfolio deals and has led multiple landmark restructurings including, for example, Rodenstock (creditor-side), the first fully reasoned judgment of an English court on a Scheme of Arrangement for a non-English company and Mercator (company side).

Jasna Tufegdžić / Advisor for Financial AffairsAmiga d.o.o

During 20 years of working in the presence in Serbian market, by working in both financial and economic sector (factoring, bank), mainly in the position of financial director, she gained valuable experience in different economic activities and their institutional frameworks and lifecycles of a company.She graduated from the Faculty of Economics in Belgrade. During the work in the field of financial operations she improved her skills in organizing various institutions and continuously worked on personal development and communication skills. She has participated in many projects and working groups. From the beginning of the reorganization process of the company Amiga is in the position of Advisor to the Manager for Financial Affairs.

Bor has a master’s degree in Business Studies from Faculty of Economics in Ljubljana. In 2008 he started his business career at Abanka (Slovenian bank) first in market risk department and later in credit risk department as risk manager. After few years in risk department he started to work at DUTB in 2014 as case and equity manager mainly for companies which are in majority ownership of DUTB. He also served as a president of supervisory board of one Slovenian company.

Bor Vošnjak / Deputy Head of Restructuring of Major ClientsDUTB Slovenia

Byron Nurse is a partner in the London office of Dentons. Byron leads the financial institutions sector in UKMEA and is also a global practice leader of the Restructuring and Insolvency group and the join head of the group for UKMEA. Working across many sectors, Byron has particular experience in the automotive, funds, financial institutions, hotels, leisure, retail, mining, construction and infrastructure sectors. Byron has worked across Western Europe and also in emerging markets. Byron regularly advises lenders and financial institutions; funds and distressed investors in relation to non-contentious corporate restructurings; refinancing and work-outs; the board and shareholders of distressed companies as well as buyers and sellers of secured and unsecured loans.

Byron Nurse / PartnerDENTONS, London

In alphabetical order

Marko is a Senior Manager in Advisory Services department in PwC SEE and has more than 15 years of professional experience in assignments across the region. He has wide-ranging experience in advisory work, focusing on business recovery and transaction services. He has led numerous restructuring, NPL and turnaround assignments within both, in-court and out-of-court frameworks.

Marko is a member of European Association of Certified Turnaround Professionals (EACTP), Association of Chartered Certified Accountants (ACCA) and Chamber of Certified Auditors of Serbia (KOR). He was the first president of TMA Serbia.

Marko Fabris / Senior Manager in Advisory Services department PricewaterhouseCoopers Consulting d.o.o


Speakers' Biographies

Martin Stotter was born in1976 in Linz (Austria). After completion of a bachelor's degree in Law, he acquired his PhD degree in Law at the University of Graz. He started his career in 2000 at the University of Graz as an Assistant at the Institute of International Law and International Relations. In 2002 he started his career in banking when he joined Raiffeisen Group - Corporate Clients Department within Raiffeisen-Landesbank Steiermark AG. In the period from 2002 to 2012 Dr. Stotter held positions of Assistant to the CEO, Head of Management Secretariat/Human Resources and Secretary General and Procurator. In the same organisation, in the period from 2012 to 2014, he also held the position of Deputy CRO and COO where he was responsible for preparation and implementation of the Strategic Credit Risk Management Policy, Special Exposure Management, Raiffeisenbanks Restrucruring Unit, Legal Affairs and OPS/IT. In May 2014 Dr. Stotter assumed the position of the Member of the Management Board/CRO in Raiffeisen Banka d.d. Slovenia which he held until March 2016 when he took up the same position in Raiffeisen Banka a.d. Beograd.

Dr. Martin Stotter / Member of the Managing BoardRaiffeisen Banka a.d. Beograd

Milena Vukotić / Head of Corporate Special CreditUniCredit Bank Srbija a.d

Milena is Head of Corporate Special Credit in UniCredit Bank Serbia. She is in charge of all Corporate Restructuring and Workout related activities. Milena has 14 years of experience in risk management areas. Prior to the current position, Milena worked within underwriting credit risk area and, more recently, held a position of Chief Risk Officer and Board Member within UniCredit Leasing Serbia.

Marko has over 10 years of professional experience, with main consulting expertise in improving operational efficiency of organizations in Balkan region. Key segments include organizational improvement, IT system and infrastructure, asset and workforce productivity, and other.Marko was managing numerous projects related to operational improvement and restructuring, primarily in power industry sector, local municipalities and local public utility companies. Experience includes working for Bain & Company on three-year project in Montenegro and Italy for Electric Power Industry of Montenegro.

Marko Milošević / Project ManagerManagement Consulting Professionals, Belgrade


Marko is an independent Attorney at Law admitted to the Slovenian Bar Association practicing in Slovenia and is a Partner in cooperation with Karanović & Nikolić. He is a highly experienced transaction lawyer with a wealth of experience in corporate law, mergers and acquisitions and banking and finance. Marko has immense professional experience and niche expertise in privatisations, advising on the sale of non-performing loans and international financings.

Marko Ketler / LL.M.(LSE) Partner / Attorney at Law in coorperation withKaranović & Nikolić

Marko has significant consulting experience focused on increase of productivity and optimization of processes for regional companies in fields of telecommunication, banking, and sales. His experience also includes position of Chief Operations Officer in Banca Intesa Serbia in period 2012-2015.From 2015, Marko is responsible for operations of SBB, leading cable television and broadband internet service provider in Serbia.

Marko Marković / Chief Operations OfficerSerbia Broadband (SBB)


Reliable Partner in Making a ChangeWhen facing significant challenges in current economic environment, operational restructuring is an important turnaround strategy. Given both global and regional experience in this segment, we are able to provide you full support and assistance in this process. We would be proud to help you implement successful turnaround strategy and pave path to profitability.

A fresh view on addressing your most challengingdecisions awaits at:

www.deloitte.com/rs

Speakers' Biographies In alphabetical order

Tom McDaniel leads Deloitte’s Supply Chain and Operation Consulting service line in Central Europe, helping companies in the consumer, industrial, and automotive sectors to improve their businesses. His key areas of expertise are Operational Excellence, Sourcing & Procurement, Warehousing & logistics and supply chain Planning. He has worked in central & eastern Europe over 20 years, serving more than 100 clients, and achieving over EUR 70 mln in savings. Tom has led numerous manufacturing benchmarking studies across EMEA and the CEE region. Tom is a certified Lean Six Sigma blackbelt.

Thompson McDaniel / Director of Deloitte’s Strategy & Operations groupDeloitte

Petr leads the Business Recovery Services team in the Czech Republic and PwC’s Business Recovery Services activities in the CEE region. He has over 20 years of consulting experience, specializing in restructuring in both in-court and out-of-court frameworks. Petr led some of the largest restructuring projects in the Czech Republic, Slovakia, Poland, Croatia and Slovenia, advising companies in a variety of industries including steel & machinery, automotive, mining and consumer goods. Petr is President of the Turnaround Management Association in the Czech Republic.

Petr Smutny / Business Recovery Services leader PwC CEE

Mr. Nebojsa Ciric has been appointed as the CEO of East Point Holding, regional group of companies with diversified business lines: copper mill (Valjaonica Bakra Sevojno), silos and milling (Zitomlin), industrial bakery (Klas/BPI) and number of sales offices in Europe and USA. The Group operates mainly in Serbia, is one of the largest exporters in the country that employs around 2,000 people and achieves annual turnover of around 200 million EUR. Mr. Ciric has been working for the Government of the Republic of Serbia in the period from 2007 to 2012, as the Minister of Economy and Regional Development and previously as the State Secretary for Economy in the same Ministry.Prior to the Government posts, Mr. Ciric has been working for Deloitte Central Europe for 10 years as Director for Financial Services covering areas of Corporate Finance and Transaction Support Advisory for the eastern part of Adria cluster (Serbia, Republic of Srpska, Macedonia and Montenegro).

Nebojša Ćirić / CEOEast Point Holding

Slaven Ćurić / CFA – M.A. in Economics, Managing PartnerADMETAM Business Consultants

He has more than 20 years of experience in financial management as well as in business consulting. His experience in consulting in one of the BIG4 companies includes responsibility for managing a team for corporate restructuring services in area of Western Balkans. He has extensive expertise in Interim Management and Holistic Restructuring, debt advisory and M&A. His portfolio of projects spanning across different industries with main focus on automotive/ manufacturing, food & beverage and fashion/ textile industries.

Martin Kammermeier / Managing Director, Exit ManagementHeta Asset Resolution, Austria

Martin has strong experience and expertise in financial industry and restructuring processes in the region.He is currently responsible for the work out of non performing loan portfolios in Serbia, Montenegro, Italy, Hungary, Bulgaria of Heta Asset Resolution, the bank in resolution formerly known as Hypo Alpe Adria Bank International.Martin was also Chief Risk Officer and Vice-President of the Executive Board of Hypo Alpe Adria Bank (today Addiko Bank) in Serbia in period 2011-2015. Prior to that he worked for UniCredit group in project finance and risk management in several countries.


Sectors

www.bdkadvokati.com

Practice areasCompetition

Consumer protection

Data Protection & Privacy

Dispute Resolution

Litigation & Other Court Proceedings

Administrative Proceedings

Arbitration

Investigations & White Collar Crime

Distressed Situations/Insolvency & Restructuring

Employment

Finance

Banking

Financial Services

Capital Markets & Financial Instruments

Insolvency & Restructuring

Project Finance

Intellectual Property

Mergers and Acquisitions, Corporate & Commercial

Real Estate & Construction

Tax

Advokati

Energy & Natural Resources

Gaming

Information & Communications Technology (ICT)

Infrastructure

Life Sciences & Healthcare

Media & Entertainment

Sectors

www.bdkadvokati.com

Practice areasCompetition

Consumer protection

Data Protection & Privacy

Dispute Resolution

Litigation & Other Court Proceedings

Administrative Proceedings

Arbitration

Investigations & White Collar Crime

Distressed Situations/Insolvency & Restructuring

Employment

Finance

Banking

Financial Services

Capital Markets & Financial Instruments

Insolvency & Restructuring

Project Finance

Intellectual Property

Mergers and Acquisitions, Corporate & Commercial

Real Estate & Construction

Tax

Advokati

Energy & Natural Resources

Gaming

Information & Communications Technology (ICT)

Infrastructure

Life Sciences & Healthcare

Media & Entertainment

Speakers' Biographies In alphabetical order

Vladimir has more than 15 years of experience in Serbian financial markets. He has proven track record in the creation of legal and institutional framework (National Bank of Serbia, Serbian Central Securities Depository), but also as an active participant in financial markets (CEO of FIMA International-brokerage, Portfolio Manager of the FIMA Proactive fund). Vladimir is a managing partner of the WM Equity Partners since its incorporation. He participated in numerous restructuring procedures, M&A mandates and corporate finance activities. He obtained his bachelor and master’s degree from the Belgrade Faculty of Economics and PhD in Public Finance on the Faculty of Political Sciences. Since 2006 he is a CFA charter-holder.

Vladimir Pavlović / Director/ Managing partnerWM Equity Partners

Tijana is the founding and managing partner of BDK Advokati. Her legal background is diverse and she has experience in both transactional and contentious matters. She is actively involved in BDK's banking & finance and insolvency & restructuring work, as well as in the firm's dispute resolution practice. She also advises on a range of corporate and commercial law matters. Tijana holds LL.M. and SJD degrees from the Central European University in Budapest. At the beginning of her career, Tijana worked for Allen & Overy in Budapest and London, and for the Belgrade branch of Wolf Theiss. She has published articles in international legal journals and publications on various legal topics. Tijana is one of the founders of the Serbian chapter of the Turnaround Management Association, and a member of the Board of the Belgrade Arbitration Centre.

Tijana Kojović / Senior partner/ Managing partnerBDK Advokati

Sponsors' ProfilesPricewaterhouseCoopers (doing business as PwC) is a multinational professional services network headquartered in

London, United Kingdom. It is the second largest professional services network in the world, and is one of the Big Four

auditors, along with Deloitte, EY and KPMG. Vault Accounting 50 has ranked PwC as the most prestigious accounting firm

in the world for seven consecutive years, as well as the top firm to work for in North America for three consecutive years.

In addition, PwC is the most powerful business-to-business brand in the world, according to Brand Finance’s 2016 ranking

of the top 500 global brands.

PwC is a network of firms in 157 countries, 743 locations, with more than 223,000 people. As of 2016, 24% of the workforce

worked in Asia, 26% in North America and Caribbean and 31% in Western Europe. The company’s global revenues were

$35.9 billion in FY 2016, of which $15.3 billion was generated by its Assurance practice, $9.1 billion by its Tax practice and

$11.5 billion by its Advisory practice. In FY16, PwC firms provided services to 422 companies in the Fortune Global 500.

The firm was formed in 1998 by a merger between Coopers & Lybrand and Price Waterhouse. The trading name was

shortened to PwC in September 2010 as part of a rebranding.MAIN PARTNER

GOLD SPONSOR

Deloitte provides audit, consulting, legal, financial advisory, risk advisory, tax and related services to public and private

clients spanning multiple industries. Deloitte serves four out of five Fortune Global 500® companies through a globally

connected network of member firms in more than 150 countries and territories bringing world-class capabilities, insights,

and high-quality service to address clients' most complex business challenges. To learn more about how Deloitte's

approximately 244,000 professionals make an impact that matters, please connect with us on Facebook, LinkedIn, or

Twitter.

In the Republic of Serbia, the services are provided by Deloitte d.o.o. Beograd (jointly referred to as “Deloitte Serbia”)

which is an affiliate of Deloitte Central Europe Holdings Limited. Deloitte Serbia is one of the leading professional services

organizations in the country providing services in five professional areas - audit, consulting, financial advisory, risk

management and tax services through over 200 national and specialized expatriate professionals.

GOLD SPONSOR

Advokati

BDK Advokati is a full-service law firm for corporate, institutional and white-collar/HNW clients, with offices in Belgrade

(Serbia), Podgorica (Montenegro) and Banja Luka (Bosnia and Herzegovina). Our work is team-based and partner-led. The

firm is distinguished for its granular specialization around legal practices and industry sectors. Our approach combines

legal expertise with the knowledge of global regulatory policies and trends, commercial awareness and premier standards

in legal services business. Among our 32 fee earners, we have three lawyers who are qualified in the EU.

BDK Advokati is a member of the South East Europe Legal Group (SEE Legal), an organisation assembling leading

independent law firms from 12 jurisdictions in South East Europe. This allows us to quickly assemble regional teams for

cross-border transactions involving even those jurisdictions that are outside our direct coverage.

SILVERSPONSOR

Karanović & Nikolić is a leading international legal practice in South East Europe with a team composed of over 100

lawyers who cooperate together across the region. Our team offers unrivalled regional and sector specific coverage to

investors. We are market leaders because of our dedication, quality legal service, and in-depth understanding of the needs

of our clients.

Renowned for the quality of work of the lawyers on our team and our commercial approach to solving problems,

Karanović & Nikolić, in cooperation with qualified attorneys-at-law in each relevant jurisdiction, advises many of the

leading companies, banks, investors and government institutions doing business in the SEE region.

Because we have a business presence in Serbia and a long standing cooperation with attorneys-at-law in Bosnia &

Herzegovina, Croatia, Macedonia, Montenegro and Slovenia, lawyers associated with Karanović & Nikolić operate

seamlessly across all of these jurisdictions, providing services to our clients and taking into consideration local particularities

in order to provide the best legal advice under competitive terms.

SILVERSPONSOR

WM Equity Partners was established in 2009 as an independent consulting company focused on providing financial

services for the market heavily hit by the financial crisis. Our team of experts consists of financial and legal experts with

significant work experience in the domestic and regional financial markets, as well as working with companies in financial

difficulties. Members of our consulting team have on average over 10 years of relevant work experience. Main goal of our

team members is to create a greatest possible added value to our clients within each of our consulting mandates. We are

focused on providing restructuring services, with particular emphasis on the preparation of pre packaged reorganization

plans, as well as bankruptcy reorganization plans.

During our long working experience in the field of restructuring, we have learned that the basic precondition for solving

the existing problems is good timing. Preparation of a reorganization plan in the early stages of insolvency of the company,

where there is still a level of trust between the company and its creditors, is a prerequisite. Beside the company restructuring

services, we offer services of legal and financial advisory, especially in the field of accounting, preparation of reports

on transfer pricing, equity and property valuation of companies, industry analysis, and consulting services concerning

any M&A transaction. In addition, our team of experts have been actively engaged in projects for promoting corporate

governance in Serbia. In collaboration with the International Finance Corporation (IFC), our team of experts are actively

involved in CG improvement project, with the primary objective of promoting corporate governance to local companies

and to present all the benefits that good corporate governance system can bring to a company.

In the field of fund raising, our company is particularly active in projects of supporting local governments in the process

of municipal bonds emission, which in today market in Serbia represents alternative to a traditional bank lending. In

cooperation with our partner company FIMA Invest ad Belgrade, our consulting company participates in investment

projects concerning multiple domestic and regional companies, especially through FIMA SEE Activist – close end fund,

which was established in 2008.


As a global organization, TMA is the premier professional community dedicated to corporate renewal and turnaround management. TMA Serbia is a local Serbian chapter of TMA International, established in 2014. Our goal is to provide a platform for turnaround, insolvency and distressed investment professionals to meet and share experience, with ample opportunities for business development. Our members are highly regarded professionals from different industries, such as turnaround practitioners, lenders, attorneys, consultants, bankruptcy administrators, investment bankers, equity investors, workout specialists, outsourcing professionals and others.

Today’s uncertain market environment demands flexibility and adaption to unforeseen challenges. Many companies did not recognize that continuous “change” is inevitable in the current economic climate and they are now having a hard time to remain healthy and competitive.

[email protected] | www.tma.org.rs

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About TMA Serbia

For further information about TMA Serbia activities please visit: www.tma.org.rs

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Organizing Committee

Vladimir Surla is Director in Deloitte’s Financial Advisory Services in Serbia, Montenegro, Macedonia and Republic of Srpska, with focus on financial industry and corporate finance segment.Vladimir has over 12 years experience in banking and financial advisory sector in SEE region, with main expertise in NPL management, debt restructuring, valuation, and financial modeling. Prior to joining Deloitte, Vladimir was Head of Case Management for Heta Asset Resolution companies in Serbia.

Vladimir Surla CFADirectorFinancial Advisory, Deloitte

Nemanja has 8 years of experience as a consultant in the areas of corporate and bankruptcy law, privatization and corporate governance. He has participated in the implementation of over 60 large projects of bankruptcy reorganization, restructuring and privatization. He has written and published multiple scientific articles in the field of corporate and bankruptcy law. As a member of the government approved work group, he was actively involved in drafting the amendments to the Bankruptcy Law of Serbia. He is a member of the Association of Business Lawyers of Serbia and a founding member of TMA Serbia. Nemanja is a member of European association of certified turnaround professionals (EACTP). He completed his graduate and postgraduate studies at the Faculty of Law, University in Belgrade and holds a qualification of corporate governance specialist. Nemanja speaks fluent English.

Nemanja Nikolić PartnerWM Equity Partners

Maja is a Partner and co-heads the Banking & Finance Practice Group in Karanović & Nikolić. She is also a member of the managing board of TMA Serbia. With more than 13 years of experience, she has practiced in all areas of corporate and commercial law, advising multinational banks, industries and trading companies, as well as government entities. She provides a full scope of legal assistance related to banking and finance matters, from large-scale financing transactions, regulatory matters and structured finance, to distressed deals. Maja has lead numerous complex financing transactions for both lenders and the borrowers in a broad range of sectors, with particular expertise in real estate and acquisition financing, project finance and sovereign debt.

Maja Jovančević Šetka Partner Karanović & Nikolić

Ivana is a licensed bankruptcy trustee and consultant in the area of corporate and insolvency matters. A veteran of many different industries, during her distinguished career Ivana worked for a number of successful international and Serbian companies, as well as government institutions, in Serbia where she held the top level positions of director and CEO. Holding Bachelor degrees in both informatics and entrepreneurial management, as well as a master’s degree in management, she is currently pursuing her PhD in bankruptcy studies at the Belgrade Banking Academy. Widely recognized as an expert in insolvency and bankruptcy issues, Ivana is the President of TMA Serbia.

Ivana Matić PresidentTMA Serbia

Marko is a Senior Manager in Advisory Services department in PwC SEE and has more than 15 years of professional experience in assignments across the region. He has wide-ranging experience in advisory work, focusing on business recovery and transaction services. He has led numerous restructuring, NPL and turnaround assignments within both, in-court and out-of-court frameworks.

Marko is a member of European Association of Certified Turnaround Professionals (EACTP), Association of Chartered Certified Accountants (ACCA) and Chamber of Certified Auditors of Serbia (KOR). He was the first president of TMA Serbia.

Marko Fabris Senior Manager in Advisory Services department PricewaterhouseCoopers Consulting d.o.o

Mr. Andrić is managing partner in ANDRIC Law Office. He has 15 years of experience with complex bank and other privatizations, JV projects involving the Serbian state and in advising banks. He acted as legal consultant to Deposit Insurance Agency and was state Secretary in the Ministry of Economy and Regional Development. He is USAID expert for reform of banking legislation.

Luka Andrić Managing Partner ANDRIC Law Office



Turnaround Management Association SerbiaResavska 23 / 11000 Belgrade / Serbia

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operational - conference 2017 - tma€¦ · tma serbia is delighted to welcome you to the...

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