Prior to assuming the role of president, Shai served as the president of Kroll’s Business Services practice, which includes Restructuring Administration, Settlement Administration, Issuer Services, Agency and Trustee Services, Notice Media Solutions and Business Support Solutions.
Shai joined Kroll in 2019 through the company’s acquisition of Prime Clerk, now Kroll’s Restructuring Administration practice, a business he co-founded. He was the chairman of the board and chief executive officer.
Shai is a widely recognized expert on restructuring and bankruptcy. Before joining Prime Clerk, he was a partner in the Business Finance & Restructuring department of Weil, Gotshal & Manges, where he led some of the largest and most complicated restructurings in history, including those of Lehman Brothers, American Airlines, Global Crossing, Loral Space & Communications, Atkins, Silicon Graphics and Steve & Barry’s. At Weil, Gotshal & Manges, Shai held leadership roles on the firm, the investment, the hiring and the technology committees.
Shai holds a B.A. in political science and government from the American University and a J.D. from the Benjamin N. Cardozo School of Law.
Shai currently serves as the vice chair on the Board of Overseers of the Benjamin N. Cardozo School of Law; member of the New York Advisory Board of Facing History & Ourselves; board member of the Foundation for Education in Honduras; and member of the Board of Directors, UJA-Federation of New York. Shai also serves on the executive committees of the Lawyers Division of UJA-Federation of New York and the Bankruptcy & Reorganization Group of UJA-Federation of New York.