The move, announced on Wednesday, was made in a bid to curtail the economic impacts thrust upon its clients as a result of the pandemic, and to offer their clients more options throughout the restructuring process.
“Mackay Goodwin has always specialised in helping businesses recover from economic challenges,” said Domenic Calabretta, CEO of Mackay Goodwin.
“Over the last year, it has become very apparent there are also some fantastic organisations, both listed and unlisted, as well as start-ups, which require specialist corporate advice about the most suitable business structure, growing their operations organically, how to secure funding or attract new investors, and how to execute mergers and acquisitions.”
The firm’s advisory team will be headed by Anthony Lucic and Michael Bogue in a joint leadership role.
With more than 15 years’ experience in private and government advice, Mr Lucic has worked with a range of Fortune 500 companies and international governing bodies across the Asia-Pacific region. Mr Lucic steps into his new role after a period of independent consultancy.
Mr Bogue comes to the role with more than 25 years’ M&A experience across a variety of sectors, and has worked at a variety of firms, most notably as part of JPMorgan Chase’s Asia-Pacific investment banking unit as co-head of mining and metals.
He has also held senior management roles at the ASX and internationally listed corporations and, like Mr Lucic, joins Mackay Goodwin after going out on his own.
Speaking on the dual appointment of Mr Lucic and Mr Bogue, Mr Calabretta commended the combined skill set of the pair, which he thinks will empower them to work across all sectors, regions and business sizes.
“The team is passionate about helping entrepreneurs and corporates to meet their business objectives and prosper in these challenging times,” Mr Calabretta said.
“Navigating business set-up and structure, and securing finance, even as banks have tightened lending criteria, is critical for Australia’s economic growth.”
The firm’s move into corporate advice is set to be marked with the launch of its new Business Health Check assessment tool, a free-to-use website that promises to “help businesses at all stages of their life cycle”.
“Our online Business Health Check tool is a comprehensive way for businesses of all sizes to assess what they are doing well and where there are gaps,” Mr Calabretta said.
“In keeping with our new business advisory focus, the online Business Health Check covers different areas which help define business success, including sales and marketing, IT systems as well as financial health.”
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