Insolvency and Restructuring trade association R3 has announced that it has appointed  Liz Bingham OBE as it new Chief Executive Officer (CEO). Bigham 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 in 2013-14. 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.

The plan commits R3 to being the home to a diverse insolvency and restructuring community, the voice of the profession, a provider of career-long learning for members, a driver of innovation and insight, and to be a thriving, dynamic organisation.

Liz Bingham OBE 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 sais: “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.”

“I look forward to working with Liz to ensure that the profession is able to continue this work, and that R3 acts as the voice and home for its members.”