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An Ashurst partner has become the first lawyer to hold the president position at the Australian Restructuring Insolvency and Turnaround Association.
Restructuring and special situations partner Ross McClymont has been announced as president of the organisation.
Mr McClymont’s new role sees him become the first lawyer to hold this position in the organisation’s history.
“Ross is an accomplished business leader and a highly experienced restructuring and insolvency legal professional. Ross is a long-standing member of our board, and has already made a significant contribution to our organisation,” said ARITA chief executive office John Winter.
“As president we are confident that he will continue to provide strong leadership to ARITA and the profession, and I look forward to working with him in meeting the challenges and opportunities that lie ahead.”
As a partner of Ashurst and managing partner of the firm’s Melbourne office, Mr McClymont advises financiers, directors and insolvency administrators on all aspects of insolvency law.
According to a statement from the firm, he has over 25 years’ experience in his field and specialises in restructuring, insolvency, distressed investment, debt trading and debt recovery matters.
Commenting on his new role with the ARITA, Mr McClymont said: “I am delighted to be the first lawyer appointed as president. I look forward to continuing to work with the board and our members to further ARITA’s mission of supporting restructuring and insolvency professionals and to promote the ideals of the profession to the public at large”.
“These are testing times for the profession as we face significant ongoing legislative change in our space, together with the impending implementation of the ASIC user-pays model for our members,” he said.
“ARITA will continue to be at the forefront of the debate in Australia in terms of achieving world’s best practice in our insolvency and reconstruction laws and processes, and to articulate the important role our members play in the broader economy.”
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
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