NEW DATE AND NEW VENUE (FOLLOWING AUCKLAND MOVING OUT OF LEVEL 2.5).
19th October 2020 from 12:00pm-2:00pm (Hunterville Room, Ellerslie Event Centre, 100 Ascot Avenue, Remuera)
This month we are pleased to welcome a number of speakers to our Auckland luncheon.
Covid 19 has come to stay globally affecting almost every country in the world resulting in lockdowns, business closures, restricted movements, health regulations, loss of jobs, international and domestic air and other travel hold ups affecting airline, tourism and hospitality industries to start with not to speak of other industries having the follow on effect resulting in Governments stepping in with wages subsidy support, loan support and other support while a vaccine is being frantically researched upon to get rid of this global pandemic.
The entire economy is passing through uncertain times and uncertain future with negative effects which could increase once the Governmental support for wages, etc. start easing and then stopping at some stage as the Governments may not be able to keep doing this with borrowed money for ever. Many of the industries are affected and this has a telling effect on the credit and business environment. Collections become an issue with credit stoppage occurring – those who have good systems and procedure for collections able to achieve better collections while others are struggling. In NZ the construction industry is being talked about as possible addition to the ‘affected industries list after airline, hospitality and tourism sectors’. Insolvency and liquidation experts as well as some business analysts are expecting more liquidations and business failures in the next 12 months with more job losses to come as well, if the pandemic situation doesn’t improve too soon. The proposed bubble extension with Australia and the Pacific Islands to ease our economic operations a bit had also not happened with the recurring covid infections across the Tasman and other countries. The forthcoming elections in September 2020 also adds yet another dimension as to which way the country is going to head with its plans to cope up with aftermath of Covid to bring back business and economic near normalcy.
Hence NZCFI thought it fit to call in industry experts – John Fisk from PricewaterCoopers, also President of RITANZ; Ronnie Tan, Managing Director of Credit Works, Credit information Bureau and Keith McLaughlin, Managing Director for Centrix, Credit Information Bureau to present the situation as they observe from their respective business operations and to tell us as to how they see the economy, country and future would likely to be going forward.
Keith McLaughlin – Managing Director Centrix Group Ltd
Keith McLaughlin is a highly accomplished senior executive and director with over 40 years credit industry experience.
Keith was a founder and Managing Director of Baycorp Holdings Ltd.
He understands the issues our clients face, gives Kiwis the credit advice they need to succeed, and has the expertise to help them achieve their goals.
Keith is skilled in Business Process, Requirements Analysis, Banking, IT Strategy, and Professional Services.
John Fisk – Partner, PwC New Zealand
John brings more than 25 years’ experience specialising in business recovery services, working with banks, government, creditors and directors dealing with difficult business issues to get the best possible results. He leads the national Restructuring practice, providing advice on a broad range of insolvency restructuring and monitoring assignments both in New Zealand and previously in the United Kingdom.
Ronnie Tan – CEO Creditworks
Ronnie is the founder and CEO of the CreditWorks Group. He is qualified in Finance & Treasury, and has over 30 years’ experience in Credit Management, starting his career with American Express before moving on to Carters Building Supplies, and then eventually founding CreditWorks in 1998.
In his spare time Ronnie enjoys a nice Cognac, a game of golf, and the company of good friends including his dog Fidel, and mancoon cat, George.
“This event qualifies for 1 CPD hour.”
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