Former BDO Partner Starts Advisory Business

Jo Wright has launched De Novo Advisory, a boutique advisory business in Birmingham, Ala., providing financial restructuring services for stakeholders and management. The business will focus on providing management and financial stakeholders with advice to help transform businesses experiencing financial stress. “Working within the professional services community in the city for over 20 years, I wanted to bring a fresh approach to corporate restructuring for distressed businesses,” says Wright, managing director and a former BDO partner. “The banking crisis has changed the way the banks and other funders and investors deal with companies and their management teams in financially tough times. As a result, this has changed the way advisers need to approach business turnarounds.”