Michael Grad

Michael Grad
Managing Director

PRESENT POSITION

Michael leads Chartwell’s Financial Restructuring practice, advising parties on debt restructurings both in and out of bankruptcy.  With more than 30 years of experience in the investment banking and insurance industries, he also provides execution leadership on other Corporate Finance engagements by utilizing his extensive background in debt restructuring, M&A, and leveraged financing.

 

PRIOR EXPERIENCE AND EDUCATION

Prior to joining Chartwell, Michael was a Senior Managing Director in the Restructuring Group at AIG, which was responsible for successfully repaying $182 billion of government assistance.  Michael was involved in the repayment of the Federal Reserve Bank ($49B), asset sales ($55B), capital markets financing ($20B), and the renegotiation of the U.S. Treasury TARP investment into common stock ($49B).  After the government repayment (including a $23B profit), Michael served as Corporate VP-Finance and COO of the AIG Finance Department for four years.

 

Prior to joining AIG, Michael was an investment banker for 25 years.  He led the U.S. Financial Sponsor coverage group at ABN AMRO for seven years and served as a Managing Director in Financial Sponsor Coverage at UBS Warburg and as a Managing Director in M&A at Bear Stearns.  Furthermore, he was the founder and head of the Bankruptcy and Restructuring and Leveraged Finance groups at Schroder Wertheim & Co. (now part of Citigroup).  Michael began his career as a corporate and tax lawyer at Simpson, Thacher & Bartlett.

 

Since 2009, Michael has also been an Adjunct Professor at the Columbia University Graduate School of Business where he teaches a second-year elective in Financial Restructuring.  Michael has a JD/MBA from Stanford University and a BA, cum laude, from Yale University.