Success Stories
Success Stories
The Principals of Silk Advisory have advised creditors and debtors on successful turnarounds of leading global and domestic companies
- Donald McBain created the financial plan for international and domestic banks on the rehabilitation of one of Thailand’s largest construction, infrastructure-construction and pre-cast concrete manufacturers. After completion of the plan, Donald then advised the company on the successful rehabilitation, which upon exit allowed the company to continue to grow to a dominant market position. He oversaw from the client perspective the rehabilitation of the company, which turned out to be a foundation for firmer growth of the Company.
- Dr. Paul Crosio was part of the senior team managing the 3rd largest Chapter 11 bankruptcy in USA history (Worldcom). He went on to be part of the senior team managing the Chapter 7 sale of Global Crossing to China Telecom and the subsequent integration of PACNET in Asia. Previously he was head of the project office which managed the separation of the global assets and operations of CONCERT between the partners PCCW and Telstra international on the closure of that relationship.
Donald McBain advised an insurance company on their successful business rehabilitation, which saw a new investor acquire a majority of the company and continue to grow the company.
- Dr. Paul Crosio implemented a business reorganization and internal restructuring at one of the world’s largest commercial banks. During this period, he had led a series of measures to cut costs and boost efficiency and turn around the leading financial services provider.
- Dr. Paul Crosio was appointed as the head of global restructuring for LG-Philips Displays. During this time, Dr. Paul oversaw the exit of the CRT-Television business and the global restructuring of operations, which was combined with a series of cost-cutting measures and reduction of a workforce of more than 17,000 people.
Donald McBain advised a well-known premium hotel in central Bangkok on its successful rehabilitation.
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