Alex Jurshevski, co-founder and CEO of London-based specialist investment firm Recovery Partners, is no stranger to turnrounds. This, after all, is the Canadian-born investment banker who was headhunted from Wood Gundy’s Tokyo office in 1993 to sort out New Zealand’s finances. The country’s foreign currency borrowing binge of the 1970s and early 1980s had brought the economy to its knees and triggered a crisis. As head of portfolio management in the finance ministry’s debt management office, Jurshevski and his colleagues set about restructuring public-sector finances.
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