Education

Experience

1. During the period 1975 to 1980 he was employed by accountants Ernst & Young in Durban (then Ernst & Whinney) first as a trainee accountant and then as a chartered accountant.
2. From 1980 to 1981 he lectured at the University of Cape Town in accounting, auditing and management accounting. He lectured undergraduate and post-graduate students studying for their chartered accountants' examination.
3. From 1982 until 1987 he was employed by a trade finance house, Repfin Factors Limited. He left after occupying the position of executive director.
4. From 1987 to 1988 he was employed by Volkskas Merchant Bank in the field of corporate and project finance.
5. From 1988 until 1990 he was employed by Old Mutual in its investment division. He held the position of portfolio manager and investment analyst with special responsibility for the banking, short term insurance and small market capitalisation emerging company sectors.
6. From December 1990 until April 1991 he was employed by Cape Investment Bank Limited (CIB) as its managing director, at the behest of its new shareholder, Prima Bank, with the consent of the South African Reserve Bank, to assist it to trade out of its difficulties. Due to the extent of its insolvency it was liquidated and from April 1991 to August 1991 he assisted the liquidator of CIB, KPMG, in its investigation into the bank's collapse.
7. From September 1991 until December 1992 he was the managing director of Investec Asset Management Limited.
8. From February 1993 to August 2000 he was a co founder and subsequently a partner of the KPMG forensic accounting practice. During this time the practice grew to over 140 employees and is considered the pre-eminent forensic accounting practice in South Africa.
9. In September 2000 he commenced his own business, Accountants @ Law (Proprietary) Limited (A@L), an independent niche forensic accounting firm of which he is the managing director and shareholder. It specialises in forensic accounting investigations, due diligence and corporate governance reviews, litigation support services, business valuations, and expert witness testimony.
10. In the course of his career he has gained extensive experience in the field of auditing, valuing and investigating businesses, insolvency related investigations, forensic investigative accounting and litigation support services and has been involved in numerous investigations involving multi-million Rand irregularities both in South Africa and abroad.
11. His services have been engaged by central banks in 5 Southern African countries, whilst he was at KPMG, to investigate the solvency and circumstances surrounding the failure of large banking collapses in these jurisdictions including the failure of the Meridien banking group which operated in 20 different countries throughout Africa as well as in the Bahamas, the United Kingdom and France.
12. He has assisted numerous large corporates in conducting due diligences either prior to or post acquisition in the spheres financial services such as investment banking, commercial banking, corporate trade and project finance, asset management, credit and financial management and general merchant banking and insurance. He has also conducted many due diligence investigations into businesses in diverse industries on behalf of his clients.
13. Whilst at A@L he was mandated by the curator of Saambou to conduct investigations, due diligences and valuations of two financial service businesses in the insurance broking and debt collecting fields, with over 1000 employees, operating from over 100 branches throughout South Africa, which utilised complex information technology. He assisted in planning the disposal, managing the turnaround and ensuring a successful investment exit for Saambou.
14. Since being involved in forensic accounting, investigations and litigation support, he has gained wide experience in providing these services in various international jurisdictions. He has assisted in local as well as cross border investigations, being directly responsible for asset tracing and recoveries of tens of millions of rands, with the assistance of foreign court relief.
15. He has been engaged as the forensic accountant on behalf of the liquidators acting for creditors in a number of large-scale corporate collapses involving listed companies. These include:

• Tollgate Holdings, which included 150 subsidiaries, and collapsed during 1992 after being listed on the Johannesburg Securities Exchange as well as London and Ireland. He assisted the liquidators and their legal team in extensive recoveries from the corporate controllers.
• Mashold, a listed mail order entity, was liquidated after large scale fraud was detected, which resulted in a Court enquiry and settlement by certain executives.
• Macmed, which collapsed in 1999 leaving debts of ±R1 billion. He testified as the expert witness against the directors in a section 424 claim for reckless and fraudulent trading. A successful judgement for R647 million was obtained against one of the executives and settlements reached with many others. He also acted as the expert accounting witness in a claim brought against the auditors, which was settled out of Court for a substantial amount in favour of a consortium of 15 banks.
• Namco, a deep sea diamond exploration and mining company, listed on the Toronto and Namibian Stock Exchanges, collapsed leaving debts of in excess of R500 million. He lead a forensic accounting team which assisted the liquidators to recover millions of rands from various parties.
• LeisureNet which collapsed in 2000 with creditors in excess of R1 billion. He was engaged to provide litigation support as the forensic accounting expert to assist the liquidators in their actions against the directors under a section 424 claim for reckless and fraudulent trading as well as an action against the auditors, currently in progress.
• Whetstone, listed on the JSE, which collapsed after numerous frauds were uncovered. He provided forensic accounting and expert witness services which resulted in certain directors settling a reckless and fraudulent trading claim prior to commencement of trial.

Special Skills

• Allan Greyling has been involved in conducting business valuations for due diligence purposes (pre and post investment), in shareholder disputes, quantification of damages, insurance claim determinations and matrimonial dispute asset and income determinations.
• He has been engaged as a forensic accounting expert in numerous High Court proceedings, arbitrations, commissions of enquiry, Labour Court hearings and has been appointed as a receiver by the High Court in the dissolution of a partnership of legal practitioners, as a referee in a complex divorce case and has been engaged to undertake probity checks on behalf of the Western Cape Gaming Board to assess the financial viability of various casino applicants and to develop financial viability models to objectively rank these applicants.
• He has been responsible for instructing legal teams in various international jurisdictions, gaining access to crucial evidence in such jurisdictions, recovering millions arising from complex defalcations caused by executive malfeasance, on behalf of South African clients in such locales, working with the leading British and world authority on Anton Piller and Mareva injunctions (anti dissipation orders), Adv Steven Gee QC, author of the definitive textbook on such topic.
• He has been responsible for managing corporate turnarounds for various clients, including implementing a monitoring process to reduce credit and investment exposure and to ensure a successful exit after significant reduction in such exposure.
• He has been involved in providing litigation support in various matters against external auditors arising from failed high profile listed entities.

Tel: +27 (11) 788 1138 or
+27 (21) 424 2714
Fax: +27 (11) 788 1161 or +27(21) 424 7245
Cell: +27 (83) 264 9996
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