Back from the brink: How Noble Group was saved from an Iceberg collision

(Sept 5): In May 2017, Paul Brough had just assumed the chairmanship of Noble Group and immediately faced a room full of angry bankers demanding their money back from the struggling commodity trader.

Mustering all his 25-plus years of experience as a restructuring specialist, Brough needed their support to keep the credit lines open that underpinned the operations of what had once been Asia’s biggest commodity trading house.

At the meeting in Amsterdam in late May, banks were shocked by a recently reported quarterly loss and were in no mood to keep supporting the company.

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