Stephen Browne is a Senior Managing Director with Teneo in London, having joined Teneo as part of its purchase of Deloitte’s UK Restructuring business.
Prior to the acquisition, Stephen led the Deloitte corporate simplification team and is a Licensed Insolvency Practitioner licensed by the Institute of Chartered Accountants in England Wales to undertake liquidation appointment work and is based in London.
Stephen has over 30 years experience in the reorganisation services arena and has spent over 20 years specialising in liquidations and assisting clients both in exiting either un-profitable or non-strategic businesses or eliminating legal entities producing no economic value.
Prior to joining Deloitte, Stephen held roles with the restructuring group at PwC.
Selected Project Experience
- Acting as lead partner on the wind down of UK bank. Providing advice to the board on how to wind the bank down and repay customer deposits and closure a Japanese owned London based bank, exiting the UK , including acting as liquidator of the UK company . This included transferring the business and assets to third parties/other group companies settling all liabilities and returning substantial sums of capital to the Japanese parent.
- Acting as the lead partner for major banking client as they exited their Swiss business . This included dealing with a fully operational bank and selling part of the bank, transferring assets internally and winding the bank down whilst in liquidation.
- Acting as lead liquidator of some of the UK subsidiaries of Lehman Brothers following its administration in 2008 . This involved working closely with the administrators to protect certain assets and achieve an orderly wind down of the businesses to maximise the return for creditors
- Review and elimination , by solvent liquidation, non-core entities to assist two major UK banks align their operating structures with their legal entity structures and release capital up through their respective groups.
- Wind down and solvent closure of an international joint venture financial services business . The business had trading operations in London, New York, Singapore, Hong Kong, Geneva and Amsterdam, including acting as liquidator of the UK holding company.