David Bonar Email & Phone Number

London, England, United Kingdom

United Kingdom

London, United Kingdom

Member of central M&A team leading project to sell a majority stake in regulated gas distribution networks with an enterprise value of £13.8bn. Work includes:• leading workstream to achieve legal entity structuring optimized for sale;• leading production of detailed information memorandum issued to potential buyers;• assisting in production of management presentations to potential buyers;• co-ordinating input from specialist internal corporate functions and external advisors including legal, tax, treasury, accounting, insurance and pensions;• participating in negotiation of transaction documentation including sale and purchase agreement and shareholders' agreement;• leading workstream to return proceeds to shareholders, including analysing alternative methods of returning capital and making recommendation to the Board.

London, United Kingdom

Leading a project to develop and recommend options for managing and reducing risk in relation to the group’s two defined benefit pension schemes with combined liabilities in excess of £18 billion, including:• developing relationships with consulting actuaries, investment banks and accountancy firms to explore the range of possible risk management strategies;• working with those advisers to understand and select appropriate solutions, developing and adapting them to suit the circumstances of the specific schemes and the economic and regulatory environment;• managing the relationships between the company, the pension scheme trustees and their respective advisers and understanding their expectations, needs and priorities;• making recommendations to a committee of the Board and to the Trustee bodies.

London, United Kingdom

Responsible for corporate finance and other financial aspects of M&A and business development activity, both sell-side and buy-side, including:• group-wide portfolio review to educate the Board about the contribution of each business to overall group cash-flow, profitability and growth expectations;• developing a rigorous methodology to set risk-adjusted hurdle rates for investment appraisal;• advising on cost of capital (both debt and equity), capital structure, credit ratings, funding strategy and liquidity for new business;• reviewing business valuations and complex financial models;• preparing management presentations to potential investors and joint venture partners;• managing due diligence Q&A process;• participating in negotiations, including developing term sheets and legal documentation;• participating in project steering groups;• investigating UK and overseas regulatory and legal frameworks to assess potential transaction risks.

London, United Kingdom

Head of team responsible for all external financial reporting. Duties included:• managing, coaching and developing 3 direct reports;• overseeing the preparation of group consolidated financial statements under IFRS;• planning, co-ordinating, compiling and editing the Operating and Financial Review for the Annual Report and Accounts in compliance with UK Listing Rules, EU Transparency Directive and best practice;• reviewing press releases for half and full year results, and preparing associated briefing documents for the Board and Audit Committee;• reviewing monthly finance reports for the Board and Executive Committee;• coordinating and reviewing c.80 sets of subsidiary accounts, mainly under UK GAAP, in conjunction with offshore shared services centre;• leading ad hoc projects, including ensuring readiness for iXBRL for UK tax compliance and XBRL for SEC filing requirements, and simplifying the group corporate structure;• responding to investor and analyst questions in relation to financial reporting.

Greater New York City Area

Head of department, responsible for capital markets, compliance, cash management, cash flow forecasting, energy portfolio risk management and credit operations areas. Duties included:• managing, coaching and developing 3 direct and 37 indirect reports;• managing banking relationships, maintaining liquidity and funding facilities, and managing counterparty credit risk, during the financial crisis;• close involvement in applications for changes to regulatory arrangements, potentially affecting millions of customers;• meeting with senior state and federal regulatory officials, and giving public testimony to the Federal Energy Regulatory Commission;• reviewing, updating and developing policies, procedures, controls and risk reports;• overseeing compliance with bond and regulatory covenants;• driving process improvements and automation of cash management operations;• participating in US Finance Steering Group, Financial Operations Management group, Energy Portfolio Risk Management Committee and Risk Management Group.

London, United Kingdom

Member of the Capital Markets team. Responsibilities included:• management of the group’s banking relationships, including in particular syndicated and bilateral loan facilities;• assisting in the management of relationships with the credit rating agencies, including annual updates and ad hoc reviews;• debt investor relations, including detailed presentations to, and one-to-one meetings with, investors and analysts in the UK, Europe and North America;• analysing, negotiating, developing and executing structured funding and investment transactions to maximise shareholder value and minimise risk, including responsibility for all legal, tax and accounting aspects and post-transaction maintenance;• reviewing draft financial accounts to ensure transactions were correctly reflected;• advising on group structure, intra-group funding, and structuring (legal entity and financing) for mergers, acquisitions, disposals and reorganisations.

London, United Kingdom

Responsible for:• corporation tax compliance for approximately 50 companies;• reviewing draft statutory accounts to ensure correct calculation and disclosure of tax items;• analysing, developing and implementing tax planning transactions;• dealing with Inland Revenue enquiries;• planning and implementing changes to group structure to facilitate tax efficient overseas and UK investments, including funding and repatriation of profits;• co-ordinating and attending board meetings for overseas group companies.

London, United Kingdom

Binkabi is developing a cross-border agricultural trading platform that leverages the blockchain technology.Binkabi's core innovation empowers people in developing countries to trade securely and cheaply with each other without the use of a hard currency. Binkabi helps developing markets to balance current accounts and preserve hard currencies. Binkabi lowers trading barriers to entry, slashes intermediation costs, improves food supply chain transparency and traceability and hands back more profits to farmers.

London, United Kingdom

Responsible for corporation tax compliance and tax reporting, including Inland Revenue correspondence, for the main banking entity and approximately 40 special purpose entity subsidiaries. Also responsible for controlled foreign companies review and ensuring tax efficiency of dividend repatriation strategy.

Weybridge, Surrey

Stand-alone role in a multinational FTSE 250 manufacturing group. Responsibilities included:• corporate tax compliance and tax reporting for approximately 70 group companies;• monthly briefing meetings with group executive chairman and finance director;• tax planning arrangements, including legal and accounting aspects;• ad hoc VAT, customs duty and PAYE advice to the operating companies;• management and coaching of one direct report, a CIMA trainee.

Reading, United Kingdom

Chartered accountancy training contract (ICAEW)

Ma (Oxon), Law

Bsc, Computing And Mathematical Sciences

Fct

Fca

Education record