Doug Jung

Doug possesses diverse credit, advisory, due diligence, management, investigation, audit and finance background with over 25 years of professional experience.  He has conducted a variety of stressed company assignments, forecast-business plan reviews and development, pre and post petition distressed borrower monitoring, due diligence, financial investigations, operations reviews and analyses of complex structured financings/CDO-CDSs for various clients, including financial institutions, funds, lenders, senior management or BoDs/Audit Committees and their outside counsel.
 
Doug’s experience in both mid-market and large cap covers a wide array of industries, including commercial finance companies, entertainment/media, distribution, professional services, aerospace, heavy manufacturing, consumer goods, retail, telecom, agriculture, textile & apparel, transportation, energy and healthcare. 
 
Compass Lexecon is a subsidiary of FTI; Doug and FTI team members frequently work jointly on engagements, most recently Doug worked with FTI team members at CIT in a Company-side assignment.  Prior to joining Compass Lexecon, Doug was a Managing Director at Alixpartners, performing lender and company side advisory work, litigation consulting and investigation assignments.  Notable client matters include Calpine as well as several mid-market advisory roles.

 

Prior to re-entering consulting, Doug was with JPMorgan and its predecessor banks for 15 years. During his tenure at JPMorgan Mr. Jung held senior positions at Chase Business Credit, JPMorgan Investment Bank, Special Credits and the Commercial Bank. His most recent role was Chief Operating Officer for Chase Business Credit.  Prior to joining JPMorgan, Mr. Jung also held positions at CIT, a leading asset-based lender and Ernst & Young, where he was in the M&A and audit practices.  Doug also was the CFO for a small privately held advertising services firm.

 

Mr. Jung has led a number of senior lender advisory and Company-side assignments for troubled situations, including pre & post petition situations, or assisting in negotiating/managing the amendment process for borrowers in default.  Engagement activities include development or evaluations of business plans, 13 week cash flows, cash-liquidity analysis, liquidation analysis, amendment negotiations across multiple tranches of debt, covenant recommendations, post amendment monitoring, sale of assets in or out of court, lender group meetings-presentations, inter-action with other professionals and related tasks.  In addition, Mr. Jung has acted as advisor to lenders involved with borrowers with severe liquidity issues requiring daily oversight of operations, bankruptcy, sale of assets under Section 363 of the Code as well as the liquidation of overseas operations.

 

While at JPM Mr. Jung was a key deal team member in successfully providing precedent setting structured debt capital markets solutions for stressed corporate or private equity clients, including Kmart, WorldCom, LTV, Goodyear amongst others.  Mr. Jung was directly involved in the syndication process, meeting with potential investors and rating agencies individually and in formal settings. In addition, Mr. Jung participated in the drafting and negotiation of the documents for these deals. 
 
Transactions Advisory & Due Diligence
Mr. Jung has performed numerous due diligence engagements on behalf of lenders or investors in connection with potential or existing financings, companies undergoing financial and liquidity stress or accounting and financial reporting irregularities.  Additionally, Doug’s experience includes: deal structuring; liquidity analysis; collateral evaluation; lender reporting compliance-fraud; reviews of: financial or operating systems & controls; borrowing base development; current asset valuations, including a variety of asset classes—commercial finance, trade & consumer A/R, mortgages, time share, mobile home paper, leases; assessments of management practices/process reviews covering working capital management, operations, planning-forecasting, merchandising, distribution & logistics, divestiture spin-offs, roll-up integration, long-term contract management/accounting and other deal specific matters.   Experience includes target companies in the US as well as in numerous countries in Europe and Asia.  While at JPMorgan, Doug ran a group of over 20 professionals engaged in due diligence for JPM transactions.

 

Management Roles
Mr. Jung served as the Chief Operating Officer of Chase Business Credit, which is the combination of asset-based businesses of the JPMorgan Investment bank, the JPMorgan Commercial Bank and BankOne.  In this capacity Mr. Jung managed the integration of three heritage organizations, including field audit, operations merger integration, related systems, staffing, budgeting, policies and procedures, including credit policies.  This role involved managing a professional staff of over 75 located in over 10 cities throughout the US. 

 

Mr. Jung was initially hired by one of JPMorgan’s predecessor banks to build an asset-based group. He was responsible for leading all aspects of this build—planning, budgeting, hiring, policy & procedure development, system RFPs, and managing system implementation.

 

Doug is a CPA and has a bachelor’s degree in accounting from Syracuse University.  He is a member of the AICPA, AIRA and TMA.