David Khoury, CFA, Management Consultant in Stockholm, Sweden
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David Khoury, CFA

Bio

David is an experienced professional with over 18 years of experience. He has worked at leading investment banks, PE firms, and corporates in the US and Europe. Most recently, David was VP of financial planning and analysis and head of corporate finance at Los Angeles-based Iyuno Media Group, a high-growth company backed by Shamrock Capital, Altor Equity Partners, and other PE funds.

Career Highlights

Independent Consultant
Freelance Clients
Head of Corporate Finance, VP of FP&A
Iyuno
Investment Director
Ekistics Capital Advisors LLP

Education Highlights

Master's Degree
University of Cambridge
Master's Degree
University of St. Andrews
Bachelor's Degree
University of St. Andrews

Certification Highlights

Chartered Financial Analyst (CFA)
CFA Institute

Expertise

  • Board Reporting
  • Budgeting
  • Financial Modeling
  • Financial Planning & Analysis (FP&A)
  • Forecasting
  • M&A Modeling
  • US GAAP
  • Valuation

Work Experience

Independent Consultant

2026 - PRESENT
Freelance Clients
  • Provided outsourced CFO services to family offices and PE-backed clients.
  • Offered outsourced FP&A support, including 18-month forecasts, 3 – 5 year plans, budgets, cash-flow scenarios, Microsoft Power BI dashboards, monthly board packs, and liquidity/debt/covenant forecasting.
  • Led M&A execution for roll-ups, including due diligence, deal structuring, financial modeling, and post-merger integration.
  • Built transaction deliverables, including financial models, CIMs, and acquisition target lists for investor and buyer outreach.
Focus areas: Financial Modeling, US GAAP, M&A Modeling, Valuation, Budgeting, Board Reporting, Forecasting, Financial Planning & Analysis (FP&A), Financial Model Auditing, Financial Asset Impairment Models, Real Estate Modeling, Real Estate Development, Market Research, Private Equity, Due Diligence, Leadership, Excel Expert, Financial Presentations, Financial Reporting, Budget Modeling, Annual Budgets, Virtual CFO, Cash Flow Modeling, Fractional CFO, CFO, Financial Data, Investments, AI Agents, AI Tools, Pricing Models, Pricing, ETL, Data Analysis, Data Modeling, Strategy, Debt Restructuring, Investment Banking, Mergers & Acquisitions (M&A), Board Decks, M&A Strategy, M&A Analysis, Deal Structuring, Financial Restructuring, Restructuring, Leveraged Buyout (LBO), Leveraged Buyout Modeling, Consulting, SQL, Python, Finance, Microsoft Power BI, Microsoft PowerPoint, Microsoft Excel, Microsoft PowerQuery, Microsoft Power Automate, International Financial Reporting Standards (IFRS), Orion, Intuit QuickBooks, QuickBooks API, QuickBooks Online, Xero, GAAP, Spreadsheets, Deal Analysis, Private Credit, Venture Capital, Three-statement Modeling, AI Automation, Controller, Interim Financial Controller, Cash Flow Analysis, Business Models, Startups, Scenario Analysis, Sensitivity Analysis, Business Strategy, Dashboard Design, Excel Modeling, Financial Risk Analysis, Investments & Risk Management, PowerPoint Design, Presentation Design, Value at Risk, Volatility, Portfolio Analytics, Cash Flow, Revenue & Expense Projections, Business Consulting, Business Development, Growth Strategy, Organizational Design, Family Office, Asset-backed Securities (ABS), Debt Financing, Debt, Credit/Debt, SaaS, Unit Economics, Pricing Strategy, Real Estate Investment, Real Estate, Discounted Cash Flow (DCF), IRR

Head of Corporate Finance, VP of FP&A

2019 - 2026
Iyuno
  • Led corporate finance for Iyuno Media Group (PE-backed). Got promoted to head of corporate finance in 2024.
  • Supported a high-growth roll-up from around 800 to around 3,000 employees over five years (two large mergers, five small acquisitions), adapting finance processes, forecasting, budgeting, and reporting to keep pace.
  • Built the FP&A function from scratch. Led a global remote team of seven FP&A professionals and data scientists.
  • Owned FP&A cadence, including an 18-month rolling forecast, a 3 – 5 year plan, annual budget, and cash-flow scenario analysis.
  • Ran monthly KPI and performance reviews with BU leaders to drive execution against strategy.
  • Delivered post-merger integration and automation programs with McKinsey & Company, driving $20+ million of savings.
  • Built and maintained complex corporate models reflecting evolving strategy, capital structure, and the M&A pipeline.
  • Led a $200 million debt refinancing, including negotiation of covenant terms through challenging stakeholder dynamics.
  • Raised $20+ million of equity to stabilize operations during a period of declining revenue.
  • Managed global treasury and liquidity across 66 entities (25 currencies), including debt reporting and covenant compliance.
Focus areas: Financial Modeling, Financial Analysis, Budgeting, Board Reporting, International Financial Reporting Standards (IFRS), US GAAP, Valuation, M&A Modeling, Forecasting, Financial Planning & Analysis (FP&A), Financial Model Auditing, Financial Asset Impairment Models, Private Equity, Due Diligence, Leadership, Excel Expert, Financial Presentations, Financial Reporting, Budget Modeling, Annual Budgets, Cash Flow Modeling, CFO, Financial Data, Investments, Pricing Models, Pricing, ETL, Data Analysis, Data Modeling, Strategy, Debt Restructuring, Investment Banking, Mergers & Acquisitions (M&A), Board Decks, M&A Strategy, M&A Analysis, Deal Structuring, Financial Restructuring, Restructuring, Leveraged Buyout (LBO), Leveraged Buyout Modeling, SQL, Python, Finance, Microsoft Power BI, Microsoft PowerPoint, Microsoft Excel, Microsoft PowerQuery, Microsoft Power Automate, GAAP, Spreadsheets, Deal Analysis, Private Credit, Venture Capital, Three-statement Modeling, AI Automation, Controller, Cash Flow Analysis, Business Models, Startups, Scenario Analysis, Sensitivity Analysis, Business Strategy, Dashboard Design, Excel Modeling, Financial Risk Analysis, Investments & Risk Management, PowerPoint Design, Presentation Design, Value at Risk, Volatility, Portfolio Analytics, Cash Flow, Revenue & Expense Projections, Business Consulting, Growth Strategy, Organizational Design, Debt Financing, Debt, Credit/Debt, SaaS, Unit Economics, Pricing Strategy, Discounted Cash Flow (DCF), IRR

Independent Consultant

2018 - 2019
Freelance Clients
  • Offered outsourced CFO services to family offices and PE-backed clients.
  • Provided outsourced FP&A support, including 18-month forecasts, 3 – 5 year plans, budgets, cash-flow scenarios, Microsoft Power BI dashboards, monthly board packs, and liquidity/debt/covenant forecasting.
  • Led M&A execution for roll-ups, including due diligence, deal structuring, financial modeling, and post-merger integration.
  • Built transaction deliverables, including financial models, CIMs, and acquisition target lists for investor and buyer outreach.
Focus areas: Financial Modeling, Financial Analysis, US GAAP, M&A Modeling, International Financial Reporting Standards (IFRS), Valuation, Budgeting, Board Reporting, Forecasting, Financial Planning & Analysis (FP&A), Financial Model Auditing, Real Estate Modeling, Real Estate Development, Market Research, Private Equity, Due Diligence, Leadership, Excel Expert, Financial Presentations, Financial Reporting, Budget Modeling, Annual Budgets, Virtual CFO, Cash Flow Modeling, Fractional CFO, CFO, Financial Data, Investments, AI Agents, AI Tools, Pricing Models, Pricing, ETL, Data Analysis, Data Modeling, Strategy, Debt Restructuring, Investment Banking, Mergers & Acquisitions (M&A), Board Decks, M&A Strategy, M&A Analysis, Deal Structuring, Financial Restructuring, Restructuring, Leveraged Buyout (LBO), Leveraged Buyout Modeling, Consulting, SQL, Python, Finance, Microsoft Power BI, Microsoft PowerPoint, Microsoft Excel, Microsoft PowerQuery, Microsoft Power Automate, Orion, Intuit QuickBooks, QuickBooks API, QuickBooks Online, Xero, GAAP, Spreadsheets, Deal Analysis, Private Credit, Venture Capital, Three-statement Modeling, Controller, Interim Financial Controller, Cash Flow Analysis, Business Models, Startups, Scenario Analysis, Sensitivity Analysis, Business Strategy, Dashboard Design, Excel Modeling, Financial Risk Analysis, Investments & Risk Management, PowerPoint Design, Presentation Design, Value at Risk, Volatility, Portfolio Analytics, Cash Flow, Revenue & Expense Projections, Business Consulting, Business Development, Growth Strategy, Organizational Design, Family Office, Asset-backed Securities (ABS), Debt Financing, Debt, Credit/Debt, SaaS, Unit Economics, Pricing Strategy, Real Estate Investment, Real Estate, Discounted Cash Flow (DCF), IRR

Finance Director and Secretary of the Board

2016 - 2018
Verein IPE
  • Led development of multiple 35 – 50 MW PV solar projects from concept stage through investor exit.
  • Built PV solar project finance models, including development, operating cash flows, scenarios, and sensitivity tables.
  • Prepared board packs and strategy reports to support decision-making by a high-profile board of directors.
  • Managed finance and operations under rapid growth, leading a team of five colleagues across finance and project management.
Focus areas: Financial Modeling, International Financial Reporting Standards (IFRS), US GAAP, Forecasting, Budgeting, Valuation, Board Decks, Board Reporting, Financial Planning & Analysis (FP&A), Financial Model Auditing, Real Estate Modeling, Real Estate Development, Market Research, Private Equity, Due Diligence, Leadership, Excel Expert, Financial Presentations, Financial Reporting, Budget Modeling, Annual Budgets, Cash Flow Modeling, Fractional CFO, CFO, Financial Data, Investments, Data Analysis, Data Modeling, Strategy, Deal Structuring, Financial Restructuring, Restructuring, Finance, Microsoft PowerPoint, Microsoft Excel, GAAP, Spreadsheets, Deal Analysis, Three-statement Modeling, Controller, Cash Flow Analysis, Scenario Analysis, Sensitivity Analysis, Business Strategy, Excel Modeling, Financial Risk Analysis, Investments & Risk Management, PowerPoint Design, Presentation Design, Cash Flow, Revenue & Expense Projections, Business Consulting, Debt Financing, Debt, Credit/Debt, Real Estate Investment, Real Estate, Discounted Cash Flow (DCF), IRR

Investment Director

2014 - 2016
Ekistics Capital Advisors LLP
  • Led finance for a $1.5 billion PPP urban-regeneration program spanning offices, retail, parking garages, schools, energy developments, and other assets in Maryland.
  • Built models, including statements, liquidity, multi-tranche debt, cash sweeps, waterfalls, and preferred equity.
  • Underwrote projects across mixed-use assets, including monetization of NNN credit-tenant leases via CTL bonds.
Focus areas: Financial Modeling, US GAAP, Forecasting, Budgeting, Valuation, M&A Modeling, Board Reporting, Financial Planning & Analysis (FP&A), Financial Model Auditing, Real Estate Modeling, Real Estate Development, Market Research, Private Equity, Due Diligence, Excel Expert, Financial Presentations, Financial Reporting, Budget Modeling, Annual Budgets, Cash Flow Modeling, Fractional CFO, CFO, Financial Data, Investments, Data Analysis, Data Modeling, Debt Restructuring, Investment Banking, Mergers & Acquisitions (M&A), Board Decks, Deal Structuring, Financial Restructuring, Restructuring, Leveraged Buyout Modeling, Leveraged Buyout (LBO), Finance, Microsoft PowerPoint, Microsoft Excel, Intuit QuickBooks, QuickBooks API, QuickBooks Online, Xero, GAAP, Spreadsheets, Deal Analysis, Private Credit, Three-statement Modeling, Cash Flow Analysis, Scenario Analysis, Sensitivity Analysis, Business Strategy, Excel Modeling, Financial Risk Analysis, Investments & Risk Management, PowerPoint Design, Presentation Design, Value at Risk, Cash Flow, Revenue & Expense Projections, Business Consulting, Debt Financing, Debt, Credit/Debt, Real Estate Investment, Real Estate, Discounted Cash Flow (DCF), IRR

Investment Manager

2010 - 2013
David Investments
  • Created 3-statement financial models and liquidity forecasts for commercial and office building developments.
  • Performed due diligence and built project finance models: stress tests, scenario analysis, and cash-flow waterfalls.
  • Supported fundraising by screening international equity/debt partners and producing CIMs and investor decks.
Focus areas: Financial Modeling, US GAAP, Forecasting, Budgeting, Valuation, M&A Modeling, Board Reporting, Financial Planning & Analysis (FP&A), Real Estate Modeling, Real Estate Development, Market Research, Private Equity, Due Diligence, Excel Expert, Financial Presentations, Financial Reporting, Budget Modeling, Annual Budgets, Cash Flow Modeling, Fractional CFO, Financial Data, Investments, Data Analysis, Investment Banking, Board Decks, Deal Structuring, Finance, Microsoft PowerPoint, Microsoft Excel, GAAP, Spreadsheets, Deal Analysis, Three-statement Modeling, Controller, Cash Flow Analysis, Scenario Analysis, Sensitivity Analysis, Business Strategy, Excel Modeling, Financial Risk Analysis, Investments & Risk Management, PowerPoint Design, Presentation Design, Value at Risk, Cash Flow, Revenue & Expense Projections, Business Consulting, Debt Financing, Debt, Credit/Debt, Real Estate Investment, Real Estate, Discounted Cash Flow (DCF), IRR

Associate

2008 - 2010
NOMURA
  • Developed pricing models for rights issues and related corporate actions, offerings, and spin-offs.
  • Modeled the probability of index rebalances using liquidity and rules-based screens. Estimated flow and price impact.
  • Performed program trading across proprietary and agency mandates in European equities.
Focus areas: Financial Analysis, Financial Modeling, Forecasting, Valuation, Market Research, Excel Expert, Financial Data, Investments, Data Analysis, Investment Banking, Mergers & Acquisitions (M&A), M&A Analysis, Leveraged Buyout (LBO), Leveraged Buyout Modeling, SQL, Python, Finance, Microsoft PowerPoint, Microsoft Excel, GAAP, Spreadsheets, Three-statement Modeling, Cash Flow Analysis, Scenario Analysis, Sensitivity Analysis, Excel Modeling, Financial Risk Analysis, Investments & Risk Management, Value at Risk, Volatility, Portfolio Analytics, Cash Flow, Revenue & Expense Projections, Discounted Cash Flow (DCF), IRR

Analyst

2007 - 2008
Lehman Brothers
  • Developed pricing models for rights issues and related corporate actions, offerings, and spin-offs.
  • Modeled the probability of index rebalances using liquidity and rules-based screens. Estimated flow and price impact.
  • Performed program trading across proprietary and agency mandates in European equities.
Focus areas: Financial Modeling, Financial Analysis, Forecasting, Valuation, Market Research, Excel Expert, Financial Data, Investments, Data Analysis, Investment Banking, Mergers & Acquisitions (M&A), M&A Analysis, Leveraged Buyout (LBO), Leveraged Buyout Modeling, SQL, Python, Finance, Microsoft PowerPoint, Microsoft Excel, GAAP, Spreadsheets, Three-statement Modeling, Cash Flow Analysis, Scenario Analysis, Sensitivity Analysis, Excel Modeling, Financial Risk Analysis, Investments & Risk Management, Value at Risk, Volatility, Portfolio Analytics, Cash Flow, Revenue & Expense Projections, Discounted Cash Flow (DCF), IRR

Education

2013 - 2014

Master's Degree in Finance

University of Cambridge - United Kingdom

2006 - 2007

Master's Degree in Management and Finance

University of St. Andrews - United Kingdom

2002 - 2006

Bachelor's Degree in Computer Science

University of St. Andrews - United Kingdom

Certifications

AUGUST 2015 - PRESENT

Chartered Financial Analyst (CFA)

CFA Institute

Skills

Finance

Financial Modeling, Valuation, M&A Modeling, Budgeting, Forecasting, Financial Planning & Analysis (FP&A), Mergers & Acquisitions (M&A), Data Analysis, Pricing, CFO, Cash Flow Modeling, Financial Reporting, Due Diligence, Private Equity, Leveraged Buyout Modeling, Deal Analysis, Private Credit, Three-statement Modeling, Controller, Financial Risk Analysis, Cash Flow, Revenue & Expense Projections, Debt, Credit/Debt, Discounted Cash Flow (DCF), Debt Restructuring, Market Research, Financial Restructuring, Volatility, Asset-backed Securities (ABS), Pricing Strategy, Financial Model Auditing, Financial Asset Impairment Models

Output Software

Microsoft Excel, Microsoft PowerPoint

Data & Analysis Software

QuickBooks Online, Financial Data, SQL, Intuit QuickBooks

Industry Expertise

Real Estate Modeling, Real Estate Development, Real Estate Investment, Real Estate, Venture Capital

Other

Finance, Financial Analysis, QuickBooks API, Xero, M&A Analysis, M&A Strategy, Board Decks, Board Reporting, Investment Banking, Data Modeling, ETL, Pricing Models, Investments, Fractional CFO, Virtual CFO, Annual Budgets, Budget Modeling, Financial Presentations, Excel Expert, Spreadsheets, Deal Structuring, Leveraged Buyout (LBO), Consulting, Interim Financial Controller, Cash Flow Analysis, Business Models, Startups, Scenario Analysis, Sensitivity Analysis, Excel Modeling, Investments & Risk Management, Business Consulting, Family Office, Debt Financing, SaaS, Unit Economics, IRR, Python, Microsoft Power BI, Microsoft PowerQuery, Microsoft Power Automate, International Financial Reporting Standards (IFRS), US GAAP, Strategy, AI Tools, AI Agents, Leadership, Restructuring, AI Automation, Business Strategy, Dashboard Design, PowerPoint Design, Presentation Design, Value at Risk, Portfolio Analytics, Business Development, Growth Strategy, Organizational Design, Orion, Microsoft Dynamics 365, GAAP, Java, Linux, Perl, JavaScript, Computer Science

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