Banking Restructuring – How to manage a “bad” bank with problematic assets

Aim: The banking restructuring seminar has been specifically developed to be helpful to senior bank managers working on the winding down and/or disposal of “bad” bank assets and the restructuring of a bank’s operations. This is a particularly relevant topic for many Cyprus banks that are currently focused on streamlining their operations and reducing their problematic assets and loans.

Objective: The seminar draws on the lecturer’s substantial prior work experience at Citigroup’s “bad” bank to provide useful insights and recommendations to senior bank managers of Cyprus banks who are working on restructuring projects. On completion of this seminar, participants should be able to:

• Gain a clear understanding of the challenges of restructuring a bank with sizeable problematic loan portfolios
• Apply best practices in winding down and/or disposing of problematic loan portfolios in order to maximise shareholder value
• Ensure that the management of the “bad” bank and associated restructuring efforts cause minimum disruption to the rest of the business

Participants’ Profile: The seminar is primarily addressed to senior bank executives and managers. It is also relevant to business associates of banks (accountants, fund administrators, business advisors and lawyers) assisting in the disposal of problematic assets and loans and other restructuring efforts.

Lecturer’s Profile: Charis Charalambous BSc, MPhil, MBA
Charis has a B.A. in Economics from Cambridge University, an M.Phil. in Economics from Oxford University and an MBA from the London Business School (with distinction).
He has substantial banking restructuring experience having worked for Citigroup in London for 6 years. As a vice president in Citigroup’s corporate mergers & acquisitions team for the EMEA region, he worked on facilitating the sales of retail banking businesses and consumer loans portfolios that were part of Citigroup’s bad bank, Citi Holdings Ltd. Charis worked on a number of major divestitures transactions in Europe and, in the process, interacted extensively with Citigroup’s senior management, internal functional teams and external bidders and lawyers.
Charis also has extensive commercial banking experience in Cyprus and London, having worked at the Bank of Cyprus (London subsidiary) and the Cyprus Development Bank (now cdbbank) in various roles. He is currently managing the Active Banking Fund, an Alternative Investment Fund investing in blue-chip banks in the USA, Canada and Western Europe.