Washington, DC – May 23, 2017 – Ankura Consulting (Ankura) announced today the appointment of Jay D. Squiers as Managing Director. Based in the Dallas office, Mr. Squiers will practice with the firm’s Turnaround & Restructuring group.
Jay D. Squiers has been an investment professional for more than 30 years and his experience comprises lead investor roles in both consensual restructurings and bankruptcies in financial institutions and securities organizations. He has specialized in energy industry issues, ranging from exploration and production, to midstream and refining, to power generation and distribution.
Before joining Ankura, Mr. Squiers was Managing Director and Chief Financial Officer of Petro Capital Energy Funds, a Dallas-based private equity and credit investment group. Jay’s extensive investment experience includes prior roles as the Executive Vice President and Chief Operating Officer of CSG Investments, Inc., an affiliate of the Beal Banks; a Managing Director in the Special Opportunities Fund of Fortress Investment Group and a Senior Vice President at Prudential Capital Group, the private placement arm of Prudential Financial, Inc. Mr. Squiers began his professional career as a Corporate Securities Associate at Dallas-based Hughes & Luce, before joining Prudential Capital as an in-house attorney. As part of his transition from legal to investment roles, he became a Chartered Financial Analyst.
Kevin Lavin, Ankura Co-President, stated, “Jay has firsthand experience of practically all stakeholder roles in the turnaround industry, including a commercial bank, a private equity fund, a hedge fund, an insurance company investment group, and an equipment finance group. In addition, he has served as a director of public companies. Jay has a broad skill set and deep experience in a wide range of capital and private markets. During his career, he has served in both COO and CFO roles and possesses hands-on experience with multiple regulatory schemes. His broad professional background, his experience in portfolio management and his energy industry expertise are strong additions to Ankura’s well-known turnaround and restructuring expertise. His career-long commitment to positive working relationships built on consensus is in keeping with the firm’s commitment to delivering the best information and well-considered perspective to Ankura clients.”