Insolvency and restructuring trade association R3 has appointed Liz Bingham as its new CEO.
She joins R3 after a 35-year career in the insolvency and restructuring profession, during which she was a managing partner at EY, and was R3 president between 2013 and 2014.
Bingham replaces Emma Lovell, who is leaving R3 to become CEO of the Lending Standards Board (LSB).
As R3 CEO, Bingham will oversee R3’s work to protect and promote the “strong restructuring and insolvency framework” which is required to enable the association’s members to fulfil their vital role in the economy and in society.
She will also manage the execution of R3’s ‘Strategic Plan’, which was launched in 2019 and is the association’s roadmap for the next three years.
Bingham said: “My year as R3 President was one of the proudest moments of my career in insolvency and restructuring. My long history with the association leaves me well placed to help continue the great work Emma and the team have started to ensure R3 remains at the heart of the UK’s insolvency and restructuring community.”
R3 president Duncan Swift, added: “Liz’s experience and understanding of R3 and her extensive experience of insolvency and restructuring will be assets to her and to us as she takes charge of R3 at a crucial time.
“The insolvency and restructuring profession plays a really important role in the economy. From returning money to creditors to helping turn around distressed businesses, and of course helping people access debt relief, the profession’s work is absolutely vital in supporting lending, trading and investment, and the overall smooth functioning of the business environment.”