19 Sep 2008
At the outset of the Lehman Brothers operation, Tony Lomas said he thought it would prove larger and more complex than Enron or MG Rover - both administrations he worked on.
Following the shock administration of the UK arm of investment bank Lehman Brothers, Tony Lomas' profile has once again been thrust into the business recovery spotlight.
As the lead administrator for Lehmans' UK and European operations, Lomas was also jointly responsible for navigating car maker MG Rover's way out of receivership.
He also oversaw company administrations for Tempo, European Home Retail - the parent company of Farepak - and was appointed lead administrator to the European unit of Enron.
Lomas, 51, joined PwC in 1978 and was admitted as partner in 1990. He's currently chairman of the firm's UK business recovery services practice, and is married with two children.
Read more about the Lehman administrators:
Lehman Administrators: Mike Jervis, PwC
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
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