With a 20-year career as a commercial lender in Chicago and New York, followed by another 20 years of consulting after founding HMP in1991, Jim is a recognized industry leader in the turnaround and crisis management field providing management and financial consulting services to companies in transition. His successes have been recognized by his industry peers through both regional and national awards from the Turnaround Management Association and the M&A Advisor, as well as the referral sources who continue to show trust in his abilities and integrity. Jim draws on all of these experiences to serve as the primary tactician, deal maker and negotiator in his client engagements.
In his consulting practice, Jim’s extensive banking experience helps him fully represent his client’s interests – specifically with respect to the client’s lender. Jim use to sit in the lender’s chair and knows both the spoken and unspoken motives that drive a lender’s decision making. In his career as a lender, he was directly involved with and responsible for approximately $4 billion in commercial loans and was responsible for the management of numerous senior and mid-level personnel. He established and managed the Chicago office of Glenfed Capital Corporation, where he held the title of Senior Vice President. Prior to his time at Glenfed, Jim served with The First National Bank of Chicago as a Vice President in charge of New Business Development; Irving Trust Company as Chicago Office Vice President and Manager, and as Account Executive with the privately held finance company, Rosenthal & Rosenthal, Inc. in New York.
In addition to being a lender and a consultant, Jim has also been an entrepreneur with ownership interests in several different manufacturing companies over the years. This experience further distinguishes Jim’s talent and expertise from others with merely theoretical or academic experience. Having been in the trenches for 30+ years as a lender, business owner and advisor, Jim is uniquely qualified to provide outstanding service to his clients.
As an advisor to companies in transition, Jim has lead numerous projects involving the financial and operational stabilization of the company, the placement of both debt and equity, and significant experience surrounding merger and acquisition activities. As part of HMP’s core business, the firm has developed an expertise in the discipline of the sale of highly leveraged troubled companies both in an out of a bankruptcy proceeding.
He is currently a Member of the Turnaround Management Association (National and Midwest); has served on the Board of Directors of several privately held companies; and has been a speaker at turnaround industry conferences, banking and finance conferences and other events across the country.