Whetstone Solutions {1.0}

What Whetstone has to offer

Whetstone Solutions is an advisory firm that provides strategic counsel and execution on balance sheet reconstruction for financial institutions.

Services

Whetstone Solutions is an advisory firm specialised exclusively in the restructuring of balance sheets and the management of underperforming assets. It assists private and public institutions in designing and implementing strategies for restoring balance sheet strength.

Our team have experience at every stage of the process of balance sheet reconstruction, including portfolio assessments and the identification of underperforming assets, the structuring of vehicles to receive bad assets and the management and transparency of these processes.

Whetstone combines decades of experience in the private sector disciplines of balance sheet reconstruction with a strong commitment to transparency and the public interest dimension of restoring financial institutions to health.

Whetstone’s independence and boutique focus on balance sheet repair ensures it focused solely on restructuring assets in way that delivers maximum long term value to institutions and their public and private shareholders.

People

The Whetstone team combines decades of private sector experience in banking with a clear understanding of the public interest dimension of restoring the balance sheet strength of financial institutions.

Dag Detter has served as Non-Executive Director on a range of boards of private and public companies including the Nordic telecom operator Telia, the European defence contractor Celius and DTZ, the international real estate advisor. As President of Stattum, the Swedish government holding company, and a Director at the Ministry of Industry, he led the first deep-rooted transformation of state commercial assets in Sweden in the 1990s. He has worked extensively with both the corporate and financial sector especially in China, as well as with the real estate and corporate sector in various jurisdictions including Lithuania and Greece. He currently acts as an advisor for governments, corporates and National Wealth Funds in Europe, Asia and the MENA-region and has also served as an advisor to the World Bank, IFC and the OECD.

Per Anders Fasth has for more than 20 years been actively involved and responsible for several corporate restructuring and change management activities, as well as mergers and acquisitions – mainly in the Nordic and Baltic countries and Germany – in his capacity as senior executive in SEB and as a management consultant with McKinsey & Company. Before joining Quartz+Co as partner responsible for the Finance practice, he was CEO of European Resolution Capital (ERC), a firm specialised in bank restructuring/Bad Banking. Fasth is also a non-executive board-member of state-owned SBAB Bank in Sweden

Niels Koggersbøl has for 20 years been actively involved and responsible for many turnaround, post-merger integration and performance improvement programmes in Northern Europe. He is a co-founder of Quartz+Co and works mainly within the energy, transportation, medtech and consumer goods sectors. Before joining Quartz+Co he worked as a partner in McKinsey & Company with a focus on industrial and consumer goods.

Jan Kvarnström has since the mid 1980′s been responsible for and involved in numerous credit, risk management and corporate restructuring activities in Europe. Kvarnström was a member of the core team that set up the “Bad Bank” Securum in 1992 where he was appointed CEO in 1994. In 2002, Kvarnström was appointed CEO by Allianz Group to set up Dresdner Bank’s restructuring unit. He was a co-founder of ERC. Kvarnström is also non-executive chairman of Norrporten (real estate company) and Collector (credit management company)

Arne Liljedahl was an Executive Vice President and CFO within Nordea from the early 90′s until 2008. Liljedahl has been involved in a number of major mergers and acquisitions as well as divestments within the banking industry and has significant experience from Nordbanken in the early 1990´s when the bank was divided into a “Good Bank” and a “Bad Bank” (Securum). He was a co-founder and the chairman of ERC. Liljedahl is also non-executive chairman of Carnegie Bank and SBAB Bank and a board member of Lindorff Group (credit management company)

Dr Lars Nyberg (as of January 1, 2013) was Deputy Governor of Riksbanken, the Swedish Central Bank from 1999 to 2012. Prior to Riksbanken, he had a long career as an investment banker as Executive Vice President with Handelsbanken and Deputy CEO of Föreningsbanken, as well as CFO of Swedbank. He has extensive experience of bank restructuring. As a central banker, Dr Nyberg had a number of European and global roles: with the Bank of International Settlements on the Committee on Global Financial Stability (CGFS); with the ECB both the Banking Supervision Committee (BSC) and the Task Force on Crisis Management (TFCM) where he was the Chairman; with the EFC, HLWG and AHWG on Crisis Management and Resolution as a Chairman. He was a member of the de Laroisière Group and a member of the Advisory Technical Committee (ATC) of the European Systemic Risk Board. Dr Nyberg has a Ph.D in Economics from the Stockholm School of Economics.

Contact

BY MAIL
info@whetstonesolutions.com

 

SWEDEN
Birger Jarlsgatan 7
11145 Stockholm
+46 (0)86141900

 

UNITED KINGDOM
1 Knightsbridge Green
London
SW1X7NW
+44 (0)2075817790