Chair appointed at Wales and South West arm of R3

A partner at Temple Bright solicitors has been appointed as the Wales and South West chair of insolvency and restructuring trade body R3.

Philip Winterborne was formally appointed to the role at the organisation’s AGM, taking the reins from previous chair Louise Durkan, a partner at Quantuma.

“Our profession rescues businesses and jobs, and creates the confidence that underpins trading and lending, by returning money fairly to creditors after insolvencies,” said Winterborne. “The profession also investigates and disrupts fraud, and helps indebted individuals get back on their feet.”

Winterborne has extensive experience in insolvency litigation, including wrongful trading, misfeasance actions and antecedent transaction litigation, and in providing restructuring, refinancing and turnaround advice to directors.

He added: “This is a pivotal time for R3, for the profession, and for the economy overall. There’s undoubtedly yet more change to come on many fronts, from Brexit to the unstoppable onward march of technology, and I look forward to helping the people and companies of Wales and the South West meet changes head-on, and evolve to meet the challenges of the future.”

R3 president Duncan Swift said: “Philip’s extensive experience in the profession, coupled with his long-standing support for the committee and in-depth knowledge of the region and the demands placed on its insolvency and restructuring professionals, will be invaluable to us as we continue to support the profession in Wales and the South West.”

Charlotte May of Manolete Partners was appointed the new vice-chair. May has worked at major law firms in Bristol for over 12 years and now supports the insolvency sector in a specialist insolvency litigation finance role.

This article appeared on the Insider Media website on 28 January 2020.