Igor Zax |

Igor Zax Personal Website
RSS Feed

Webcast by Igor Zax on Credit Insurance- for CFA

Sunday Nov 23, 2014

Igor Zax, Managing Director of Tenzor Ltd. presented 4-th of November 2014 a webcast “Credit Insurance: Common Misconceptions, and Can it Be a Useful Tool”, hosted by Commercial Finance Association (CFA), the international trade association dedicated to the asset-based lending and factoring industries.

The webcast was attended by major banks, asset based lenders, export credit agencies, insurance brokers and credit insurers.

You can see slides for the presentation as a PDF file- link below

Credit Insurance- common misconceptions and can it be a useful tool FINAL


Igor Zax co-chaired Distressed Debt Forum 2014

Saturday Nov 15, 2014

Igor Zax, Managing Director of Tenzor Ltd., chaired the second day of Distressed Debt Investor Forum 2014- Maximizing returns & Restructuring for Recovery when Investing in Distressed Debt & Special Situations by IIR/Informa 12-13 of November 2014 in London.The event saw major players from major distressed funds (debt and equity), banks, big 4, law firms and others.

In addition to chairing the second day, Igor was also presenting on a panel “Investing in Emerging Market Distressed Debt”

For the full program of the event please see the link below:

Informa Distressed Debt 2014 6pp

 


Receivables Finance in the Context of Working Capital Management by Igor Zax

Wednesday Sep 10, 2014

Igor Zax, Managing Director of Tenzor Ltd, published a new article, Receivables Finance in Context of Working Capital Management in TEF News (Trade and receivable Finance News, a major publication by BCR).

Editorial comment states “Igor Zax’s article in today’s trfnews, ‘Receivables Finance in the Context of Working Capital Management’, reminds us of the value of looking back at the history of modern supply chains and how working capital management, and hence factoring and supply chain finance, has developed from this. It also reflects on the potential frailty and dangers that over exposure to some supply chain structures can bring.

On late payments he says: “just a couple of weeks delay on 30 day terms increases working capital consumption by one-and-a-half times.” I wonder how many factors use such direct terms in their advertising material. If they do not, perhaps they should consider it, particularly as the trend is for larger companies to use receivables finance, and it is those companies in particular that tend respond well to the use of such analytic sound bites.”

Reprinted with permission.


Igor Zax to present at Annual Restructuringand Turnaround conference by IIR

Saturday Apr 19, 2014

Igor Zax, Managing Director of Tenzor ltd., is going to present at 4-th Annual Restructuring & Turnaround 2014 conference by IIR 2-nd of July 2014 in London. He will be joining a panel “Strategies for an Effective Turnaround” discussing:
• Formulating and executing a successful turnaround strategy
• Negotiating with lenders
• The importance of due diligence
• Financial restructuring tools
• Operational restructuring tools

Other speakers on the panel incude:
Gareth Davies, Managing Director,GREENHILL
Henry Jackson, Chief Executive, OPCAPITA
David Bryan, Founding Principal, BRYAN, MANSELL & TILLEY
and Mike Jervis, Partner, PwC


CORPORATE M&A: FROM DUE DILIGENCE TO INTEGRATION- masterclass by Igor Zax in Moscow

Saturday Apr 19, 2014

Igor Zax, Managing Director of Tenzor Ltd., is going to present a masterclass “Corporate M&A-From Due Diligence to Integration” dusring the conference on M&A by Regent Capital in Moscow, Russia, 24-25 June 2014.

The topics covered would include:

Why shall company consider M&A- “right” and
“wrong” reasons
• Operational due diligence – key to acquisition
success
• Synergies- reality and fictions
• Managing Post-merger Integration
– Financial aspects
– Supply Chains
– Processes
– Culture and HR management


Igor Zax to moderate a panel “Developing Value in an Invoice Financing Business”

Sunday Mar 16, 2014

Igor Zax, CFA, Managing Director of Tenzor ltd., is going to moderate a panel “Developing Value in an Invoice Financing Business: What Makes it Ripe for Investment?” at Receivables Finance 12th Annual Convention in Warsaw, Poland, 1-2 April 2014. He will be joined at the panel by Joanna Nader, Partner/CIO, JRJ Group (major financial services focused PE house) and Margrith Lutsch-Emmenegger President, Fimbank and Chairman, International Factors Group.
Igor Zax is alos going to present at a panel “Understanding the Supply Chain Finance Ecosystem” at the same conference togheter with heads of Supply Chain Finance from HSBC, ING and RBS.


Distribution FInance article by Igor Zax and James Berry in Supply Chain Finance yearbook

Tuesday Jan 28, 2014

Igor Zax, managing director of Tenzor Ltd, and James C. Berry, II, Executive Director, 5I Group LLC, published a new article, Distribution Finance – A time for change in World Supply Chain Finance Yearbook 2013/2014, a major publication by BCR/Factorscan.
The article addresses industry landscape and fundamentals, new products and approaches to make the industry more competitive and better serve client needs, and opportunities for new entrants (such as leasing companies and banks) in this market.


Igor Zax, MD of Tenzor Ltd. published new article on Credit Insurance

Thursday Mar 21, 2013

A new article, Credit Insurance Lessons From the Crisis by Igor Zax, managing director of Tenzor Ltd., published in Insurance Insight, leading insurance publication.

Reprinted with permission.


Operational Turnaround –Focus on Working Capital and Supply Chain

Tuesday May 15, 2012

Guest lecture Operational Turnaround –Focus on Working Capital and Supply Chain by Igor Zax CFA, founder of Tenzor Ltd as part of a course “Mergers, MBOs and Other Corporate Reorganisations” by professor Paolo Volpin at London Business School 23 March 2012.

The lecture covers principles of distressed investments, corporate turnaround and operational due diligence. It also focuses on supply chain and working capital implications, use of asset backed lending, vertical integration and business model re-design.

Slides for the presentation can be seen by clicking the link below:
Operational Turnaround –Focus on Working Capital and Supply Chain


Supply Chain Finance – a Strategic View-article by Igor Zax for Supply Chain Yearbook 2011/2012

Wednesday Feb 1, 2012

Igor Zax, managing director of Tenzor Ltd, published a new article, Supply Chain Finance – a Strategic View in Supply Chain Yearbook 2011/2012, a publication by BCR Publishing/Factorscan.

The article focuses on both buyer-centric and seller centric (such as distribution finance) models from risk, route to market, impact on the supply chain structure and systems/process points of view.