Ankura Consulting Group, a global expert services and advisory firm, established its turnaround & restructuring (T&R) practice in Germany. The move follows the earlier expansion of Ankura’s U.S.-based T&R practice into Australia in 2019, the UK in 2021 and the Middle East in 2023.
“Germany represents a significant market for our global firm,” Simon Michaels, chairman for EMEA and APAC at Ankura, said. “The strategic expansion of our T&R practice into the region enhances our existing expertise, services and solutions in data and technology, construction disputes and advisory, and risk advisory business groups.”
The new T&R practice in Germany will be led by senior managing director Jens Nawrath, based in Frankfurt. Nawrath brings over 30 years of experience in debt advisory and financial restructuring. Before joining Ankura, Nawrath led the DACH Debt Advisory practice at a global consulting firm, where he advised corporate and private equity clients on debt financing and developed a leading cross-border advisory practice.
“I’m delighted to join Ankura and its highly experienced global T&R team to support our clients in navigating critical business challenges in the region,” Nawrath said.
“In today’s challenging economic and geopolitical climate, Ankura’s global T&R practice offers clients the expertise and guidance needed to stabilize operations, improve financial performance and achieve long-term value,” Roy Gallagher, global head of Ankura’s strategic finance group, said. “With significant experience and expertise in these areas, Jens is well suited to lead our efforts for clients in Germany and across EMEA.
