The Turnaround Management Association (TMA) is the premier organisation dedicated to corporate renewal and turnaround management. More than 9,000 TMA members comprise a worldwide professional community of turnaround practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants, as well as academic, government and judicial employees.
Headquartered in Chicago, Illinois, TMA has 49 chapters spanning six continents – 32 in North America and 17 throughout the world. TMA Europe represents the 11 European chapters, serving as a forum for the interchange of ideas and as a networking opportunity for developing relationships across the continent through regular newsletters and the TMA Europe Annual Conference.
In addition to the countries represented by TMA Europe, TMA members are served by the following international chapters:
View the TMA chapter directory for a complete list.
- Connect with TMA’s network of more 9,000 professionals through the Membership Directory and LinkedIn group, both exclusive to TMA members
- Network and learn from the turnaround and corporate restructuring industry’s foremost leaders during local, regional and international meetings and conferences held throughout the year, including TMA’s three annual international meetings, the TMA Annual Convention, TMA Distressed Investing Conference and TMA Spring Conference
- Save with member discounts on TMAccess educational resources, including the Body of Knowledge book series (online and print versions), webinars (live and archived), e-learning programs and publications
- Read TMA International News, a quarterly publication focusing on topics of major interest to the international corporate restructuring community
Christian Jakovlew - 2012 Vice President, International Relations
In 2012 Europe shall face tough times and euro as a currency shall be challenged. Turnaround, change and corporate renewal shall become increasingly important for companies to survive and for the economies to deal with their sovereign debt and get back in growth.
The European yearly conference in Madrid, “surfing the wave” offers a unique insight to actual topics in turnaround as well as excellent networking opportunities with corporate renewal practitioners around the world.
This website is a helpful tool and I hope it gives gives coordinated information of the actual topics in the European chapters.
Turnaround Management Association is a truly international organization with presence in all continents around the world and several new chapters in formation. As the new Vice President, International relations, I wish to welcome all new chapters to the TMA family. We are committed to further develop and expand TMA around the world.
“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty”. (Winston Churchill)
Bryan Green -2013 TMA Europe Director
It’s worth remembering that TMA is the only international organisation of some 10,000 members representative of the corporate recovery and Turnaround market operating in the Europe. It is the aim of TMA - to be representative of all Stakeholders in the Turnaround industry – from interim managers to insolvency practitioners, Accountant, the clearing banks, asset based lenders, private equity firms and credit insurers, recruitment agencies and the Trade Unions, works counsel to name but a few.
TMA Europe is very pleased that there has been the launch of a European Accreditation Programme. The EACTP is the first European professional body dedicated to promoting the accreditation of Turnaround Management professionals across Europe. A kite make all our members should aspire to. Further details can be seen at eactp.eu.
TMA Europe will also be organising their Annual European Conference and Distressed Investing Event in London. This will be a great opportunity for all European members to come together, network and share ideas.
For the last few years Europe has been dogged by recession, promises of recovery and talk of further recession. Throughout this there has been an underlying promise of a surge in the volume of turnaround activity. Actually what we have found is that there is in number of European countries a real lack of any activity what so ever in most sectors (save for retail which is going through a structural shift towards the internet). The world of M&A activity has been very quiet. The world of formal insolvency some say has never been quieter. Most politicians will tell you it is because the banks are not lending and it is entirely their fault! Actually what I am seeing is the lack of liquidity being only part of the story, there is a real lack of confidence in what the future holds. We see political crisis in Europe and the Middle East. Some countries that have let their spending get out of control which has caused them to be burden with high debt and now having to impose severe austerity measures’ on their population. The often asked question will or won’t the Euro collapse. With all this uncertainty most businesses are holding off making any investment decisions. This inactivity is a disaster for Europe PLC. Without investment activity, whether through M&A, R&D, or restructuring work, Europe’s economy will simply drift on and slowly die!
That all being said I am hugely optimistic about the future of the TMA Europe and EACTP. With all major change, which we are seeing in Europe, never have the skills of the TMA’s members be needed more.
It just leaves me to wish you all a very prosperous new year.