Ginette Muller is a Senior Managing Director in the Corporate Finance/Restructuring practice of FTI Consulting
Ms Muller was appointed as Advisor to the Board of a public entity (ARL/PIF?)for the purpose of overseeing the restructuring of a portion of another high-profile Managed Investment Scheme with assets located throughout Australia, including the Novotel Forest Resort (Victoria), the Kooralbyn Resort (Queensland) and other leisure and industrial properties in excess of $100 million.
(well we know the $100 milion valuation was a tad inflated)
Interesting article In todays SMH titled 'Muller should pull pin at LM'
Insolvency practitioner Ginette Muller of FTI Consulting has had plenty of time over the weekend to think about the well-deserved judicial kicking she's received from Queensland Supreme Court judge Jean Dalton over her role in administering the LM funds management empire formerly run by Peter Drake.
Justice Dalton's judgment on Thursday reflected long-standing concerns about the way Muller and fellow FTI partner John Park have taken care of business since Drake and his fellow directors appointed the pair administrators of a key company in the LM group, LM Investment Management.
Her Honour said Muller and Park had ''demonstrated a preparedness to act in a way inconsistent with those owing duties as responsible entity and trustee under the Corporations Act'' and sworn to matters which were ''not consonant with reality''.
And there was an extra dollop for Muller, who Her Honour said made ''unprofessionally robust and partisan'' statements and swore an affidavit that was ''sniping and argumentative''.
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The judge took control of LM's First Mortgage Income Fund away from Park and Muller, instead appointing David Whyte of BDO as receiver of the fund.
Making things worse, on Friday corporate watchdog the Australian Securities and Investments Commission put out a press release pointedly extracting some of the ruling's juiciest criticisms.
Muller should resign from LM Investment Management and consider taking a permanent vacation from the insolvency trade.
It doesn't seem likely. Park said an appeal was being considered and pointed to Muller's ''unblemished professional record'', saying FTI had ''complete confidence in the professionalism and integrity of our directors''
Read more: http://www.smh.com.au/business/muller-should-pull-pin-at-lm-20130811-2rq80.html#ixzz2bi2P6Hck
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Ginette Muller is a Senior Managing Director in the Corporate...
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