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Stephen Browne

Senior Managing Director

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.

Stephen leads the 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. Stephen is also a financial services specialist having assisted many clients with their regulated businesses.

Prior to joining Deloitte, Stephen held roles with the restructuring group at PwC.


Selected Project Experience

  • Acting as lead partner providing advice to the Board of a Japanese owned, London based bank, on the wind-down of its UK operations. Advice included how to repay customer deposits, transferring the business and assets to third parties/other group companies, settling all liabilities and returning substantial sums of capital to the Japanese parent, as well as all aspects regarding the solvent liquidation and smooth closure of the UK business.
  • Acting as the lead partner advising a major banking client who wished to exit their Swiss business. The parent company remained fully operational during the sale and advice involved guidance through the process, which included the internal transfer of assets and all aspects of the solvent wind-down of the bank.
  • 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.
  • The review and elimination of non-core entities by solvent liquidation for two High Street UK banks. Alignment of their operational and legal entity structures resulted in greater efficiencies creating savings and releasing significant capital up through their respective groups.
  • Acting as lead partner to the wind-down and subsequent solvent liquidation of the UK business of an international joint venture financial services company. The business had trading operations in London, New York, Singapore, Hong Kong, Geneva and Amsterdam.

Articles by Stephen Browne