Corporate Finance Asia: Chief Restructuring Officer

Bringing a Chief Restructuring Officer (CRO) on board has become a cornerstone of
turnaround practice in the US, and more recently has made a successful transition into
European corporate culture. The increasing trend of adding a CRO to a faltering company
to take an executive role to execute a turnaround plan is now firmly established.
Remarkably, this remains a relatively unknown practice in Asia.