Stefan Smyth is a financial and business restructuring professional currently serving as the EY-Parthenon Africa Turnaround and Restructuring Strategy Leader.
He is responsible for supporting EY clients, from design to delivery, focusing on practical solutions that yield measurable results.
Smyth has a 20-year career in the UK Insurance Business Process Outsourcing sector, specialising in operational optimisation and restructuring for a global insurance broker.
He emigrated to South Africa in 2009 and launched a full-service restructuring practice for a global consulting firm before joining EY Parthenon in January 2021 where he develops and builds the turnaround and restructuring business across sub-Saharan Africa.
In this Business Talk interview, Smyth discusses the pillars and actions needed to develop resilient businesses.
He highlights the common factors that he sees across financially distressed businesses, and he offers advice to business management on what they should be focusing on in times of uncertainty.
Smyth also shares practical advice for businesses to avoid falling into distress, and how businesses can restore their health and become resilient.
The full interview is embedded below. You can find all Business Talk with Michael Avery interviews here.