Mr. Thung's primary areas of concentration include liquidity and financial management, performance improvement, and the development and evaluation of operating plans. With nine years of advisory and operational experience, Mr. Thung has worked with clients across a wide range of industries, including healthcare, public education, retail and financial services.
Currently, Mr. Thung is part of a restructuring team involved in the wind down of Lehman Brothers Holdings Inc., a $600 billion financial services firm in Chapter 11. In this role, Mr. Thung monitors the firm’s liquidity through cash flow forecasting and financial reporting. Most recently, Mr. Thung served the CFO of the New York City Department of Education. In this capacity, he led efforts to identify and implement cost reductions, develop departmental budgets and improve financial reporting as part of a nearly $300 million cost reduction and reallocation initiative. Other recent advisory engagements include business plan development for a provider of respiratory equipment and liquidity management for a provider of business services to orthodontic practices.
Prior to joining A&M, Mr. Thung was Director of Financial Planning at Signius Corporation, a provider of telemessaging services, where he was responsible for budgeting, forecasting, financial reporting and monitoring of the company’s financial and operational performance. Prior to that role, Mr. Thung was a financial analyst with Bear, Stearns & Co. Inc., where he specialized in M&A and leveraged finance transactions.
Mr. Thung earned a bachelor’s degree in applied math-economics from Brown University, and a master's degree in business administration from the Kellogg School at Northwestern University. He is a Certified Insolvency and Restructuring Advisor (CIRA) and a member of the Association of Insolvency & Restructuring Advisors (AIRA).