Core Skills Shared by Federal and Non-Federal Equity Receiverships

At this year’s NAFER (National Association of Federal Equity Receivers) conference I moderated a panel that discussed types of engagements that require the same skills as are required by federal equity receiverships. The panel consisted of four professionals who are all very experienced non-federal equity receiverships. It was a robust
discussion but all four agreed that some of the key common traits are:

  • Creative problem solving
  • An in-depth understanding of business operations
  • The ability to communicate effectively with judges, line workers, executives, bankers and distraught parties
  • Strictly maintaining independence in dealings with all parties
  • The ability to honestly assess one’s own strength and weaknesses and hire professionals with complementary skills.

My thanks to Judge Maria Gall, London England, Wayne Kemp and Alex Moglia for their participation on the panel.

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