This struck me as interesting: an enterprising consultant is opening the doors of a new consulting firm that appears to be targeting lenders in distress. At least, that’s what I took away from the press release his firm, Scouler & Company, issued earlier today. This little tidbit piqued my interest:
Most recently, Scouler led the Chicago-based financial consultancy Scouler Andrews, where he set strategic direction and served as Chief Restructuring Officer for multiple client engagements including high profile companies in the sub-prime lending market such as Mortgage Lenders Network USA. (emphasis added)
I also got a kick out the company’s namesake, Dan Scouler, saying that his company specialized in “financial triage.” Very appropos analogy in these times, I suppose. I have to admit I’m not exactly sure why a failing lender would want to bring in a consultant to help reorganize the operation — let’s just say Scouler’s clients have a high risk of not paying him — but it’s an interesting business play nonetheless.
