Over 30 years experience in real estate capital markets, financial institutions advisory, restructuring, bankruptcy, litigation consulting, and management consulting, including as partner in a Big Four consulting firm. Experienced consulting and testifying expert in CMBS, commercial real estate, valuation, and related matters.

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Biographical Summary

Professional career spanning over thirty years in financial services, real estate, real estate capital markets, commercial mortgage underwriting and securitization, non-performing loan resolution and asset management, disposition of portfolios of performing and non-performing loans, commercial mortgage special servicing, reorganization and bankruptcy services, and public/private joint ventures, working both as a consultant and as a hands-on manager. Recently managed under contract the U.S. operations of Crown NorthCorp, Inc., a commercial mortgage asset manager and special servicer; until Q4 2008, served on Crown's holding company board. A former partner in Deloitte & Touche's Valuation and Real Estate Consulting Group and Deloitte Consulting's Financial Services Industry practice and its Reorganization Services Group. Founded, built, and managed Deloitte Consulting's full-service multi-industry practice office in Bangkok, Thailand following the Asian Financial Crisis and served as financial services industry partner working with financial institutions throughout East Asia. Retired from Deloitte in 2002 and continue to work as a senior resource, providing strategic advisory services, litigation support, expert witness testimony, and management services to select clients in the financial services industry and the real estate capital markets.

Experience

Amsterdam Advisors
Principal
2003 to present

Independent consultant in real estate and real estate capital markets advisory services, including strategy and operations advisory, bankruptcy and restructuring, litigation support, expert witness testimony, valuation, including valuation of public/private joint developments, arbitration, information management, process re-engineering, outsourcing, and distressed commercial mortgage asset management and special servicing.

Crown NorthCorp, Inc.
Member of board of directors, Managing Director
2005 to 2008

Member of board of directors (Q4 2005 to Q4 2008) of Crown NorthCorp, Inc., a U.S. public company with principal operations in the U.K. and Europe, providing commercial and residential mortgage loan servicing to third-party clients and to joint ventures in which Crown holds equity interests. Served (Q1 2006 to Q4 2008) as Managing Director of Crown Mortgage Management U.S., an asset and portfolio management company responsible for, among other assignments, managing a portfolio of 100+ non-performing commercial mortgage loans for two commercial mortgage-backed securities trusts and directing federal litigation on behalf of the trusts against the mortgage loan seller (a large commercial bank) demanding repurchase of specific loans for breaches of representations and warranties.

Deloitte & Touche/Deloitte Consulting
1990-2002

Partner/Principal
New York, Bangkok, Atlanta

Real Estate and Real Estate Capital Markets

Participated in building Deloitte's real estate capital markets practice in New York and nationally, delivering services to a combination of investment banks, commercial banks, life insurance companies, investors, and law firms.

As part of Deloitte's Valuation and Real Estate Consulting Group, provided client services including transaction support, valuation, litigation, reorganization services, loan origination and underwriting support, and information management. Worked with troubled debt portfolios held by financial institutions and governmental regulators during the economic downturns in, respectively, the Southwestern U.S. in the mid and late 1980s, the Northeast and New England states in the late 1980s and early 1990s, Southern California during the early to mid 1990s, and in East Asia beginning in 1997. Worked with loan originators and other holders of debt on strategic and operational issues in credit management policy, procedures, organization, and information technology. Led engagements in early commercial mortgage-backed securities (CMBS) transactions and new loan origination conduit programs. Served as charter member of the board of the Commercial Mortgage Securities Association, developing standards for the emerging industry, and served as co-chair of the first three annual CMSA open conventions.

Reorganization Services

Lead real estate specialist on management team of Deloitte's national Reorganization Services Group, including restructuring engagements for national and regional retailers, a multinational real estate development and management company, and a coal mining company. Engagements also included merger due diligence on failed banks, recapitalization of two troubled savings banks, out-of-court restructuring of a real estate syndication company and a REIT, in-court liquidation of an insurance company, out-of-court restructuring of an Asian telecommunications company, and wind-up and liquidation of 22 finance companies taken over by the Ministry of Finance of the government of Thailand.

International

U.S. partner on a three-partner multi-national Deloitte team posted to Thailand as part of a reconnaissance, marketing, and services delivery initiative in East Asia following the onset of the Asian Financial Crisis. Managed the credit portfolio specialist group on a Deloitte engagement team on behalf of Thailand's Financial Restructuring Authority working with government-intervened finance companies. Marketed and sold troubled bank work to Indonesian Bank Reconstruction Authority and to Bank Indonesia (the central bank of Indonesia).

Participated in organizing and building Deloitte Consulting start-up office in Bangkok. Served as initial country manager. Built multi-industry staff (telecommunications, manufacturing, health care, public sector, and financial services industry) to 60 by time of departure. Served as head of financial institutions practice for Thailand and served as partner on East Asia financial services industry team (Singapore, Thailand, Malaysia, Indonesia, Hong Kong, Peoples Republic of China, South Korea), focusing on credit risk management and customer relationship management. Served as adjunct to Deloitte & Touche start-up corporate restructuring practice in Thailand. Supported recapitalization initiative for one of Thailand's largest banks. Participated in pursuit and delivery of projects funded by the Asian Development Bank, The World Bank, and by USAID. Served as advisory partner on pension and provident funds reform project for the Thai Ministry of Finance and as advisory partner on information management systems project for Bank of Thailand (the central bank of Thailand).

Independent Advisor
Charleston, SC
1978-1990

Advisory clients included U.S. Department of Housing and Urban Development, Trammell Crow Company, Institutional Property Consultants, Landsing Properties, and several medium-sized developers. Served as portfolio manager for three SEC-registered real estate limited partnerships; filed and reorganized one partnership under Chapter 11 and restructured two partnerships out-of-court.

Education

Stanford University - Graduate School of Business
Masters in Business Administration

Georgia Institute of Technology
Bachelor of Science - Aerospace Engineering

Professional Associations (past/current)

Commercial Mortgage Securities Association
National Association of Corporate Directors
Turnaround Management Association
Regional Plan Association of NY, NJ, and CT
Urban Land Institute

Licenses

Real Estate Broker - South Carolina (license in inactive registration)

Coursework

Certified Insolvency and Restructuring Advisor (CIRA) I, II, and III