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Royal Commission on banking is the most significant focus for our industry at the moment, says Michael Sloan, Partner at Ashurst

Michael Sloan, Board Director of TMA Australia, Partner at Ashurst LLP, Melbourne

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Michael Sloan, Board Director of TMA Australia, Partner at Ashurst LLP, Melbourne

What makes the TMA Australia great?
From accountants to bankers, lawyers to hedge funds, we have involvement of all participants in the turnaround/restructuring industry in the TMA.

Why or how did you get involved in TMA?
An email came in from a key workout banker whilst I was on honeymoon asking me to join and for some ideas on how to improve TMA events. Much to the annoyance of my wife, I replied…

What’s the most significant trend or event happening in the turnaround and restructuring industry?
The most significant focus for the industry is the Royal Commission on bank behaviour and the potential knock-on effect it will have on the Australian restructuring market.

What would someone who only knows you professionally be surprised to learn about you?
I was bestowed with a name in Maori by a tribe that I did work for “Te Kotuku Rerenga Kotahi.” Translated, it means the White Heron who flies in a singular path.

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