A longtime Nassau County resident and founding father of an advisory agency that makes a speciality of monetary turnarounds for corporations was appointed to serve on the board that oversees the county’s funds on Wednesday.
Mohsin Meghji, the founder and managing companion of M3 Companions, was chosen by Gov. Andrew Cuomo on the suggestion of Senate Majority Chief Andrea Stewart Cousins on Wednesday.
“We’re happy to welcome Mo Meghji to the board of administrators, because it continues to meet its mission of overseeing the County’s funds,” finance authority Chairman Adam Barsky mentioned. “Mo’s years of expertise managing advanced issues and aligning pursuits to realize monetary and strategic objectives will serve our board and this county very effectively.”
“I’m honored to function a member of the Nassau County Interim Finance Authority Board of Administrators,” Meghji mentioned. “I sit up for serving to the board and its workers preserve the monetary safety of Nassau County.”
Meghji, who has been a Nassau resident for almost a decade, changed Paul Leventhal on the board, who left the group after first being appointed by Cuomo in 2014. Leventhal’s time period was set to run out on Dec. 31
Efforts to achieve a consultant from the finance authority to touch upon Leventhal’s departure have been unavailing.
“We thank Mr. Leventhal for his years of service and information, which have been an asset to the NIFA and the County,” Barsky mentioned.
Meghji isn’t any stranger to monetary overhaul duties, as he not too long ago served because the chief restructuring officer for main corporations reminiscent of Sears Holdings Company and Barney’s Inc. Meghji additionally based the M III Acquisition Corp., a particular objective acquisition firm that morphed into the Infrastructure and Power Alternate options, Inc.
He has additionally served as a director on company boards for Toys “R” Us, Frontier Communications, Philadelphia Power Options Refining and Advertising LLC, together with others.
Meghji additionally spent a dozen years with Arthur Andersen & Co., previously generally known as one of many “Huge 5” accounting companies, at its London, Toronto, and New York workplaces. Meghji ultimately reached the place of Companion within the World Company Finance Group as effectively.
Meghji is a graduate of the Schulich College of Enterprise at York College in Canada and took government programs on the INSEAD enterprise college in France. He has additionally been certified as a U.S. Licensed Turnaround Skilled and U.Okay. and Canadian Chartered Accountant.