BOSTON–Tiger Group has appointed Managing Director Michael McGrail to the newly created post of chief operating officer.
McGrail, who was been with the asset valuation, advisory and disposition services firm since its inception in May 2001, will direct all day-to-day operations of the company, which has offices in Los Angeles, Boston and New York. The Boston-based executive will also continue to oversee Tiger’s retail, wholesale, industrial, machinery and equipment appraisal divisions, as well as the retail and wholesale disposition divisions. He reports to Managing Member Daniel Kane.
McGrail has over 22 years experience in retail store closings, asset dispositions and appraisals, and corporate finance. He joined Tiger as vice president of finance and was named a managing director in 2005. Over the course of his career, he has directly managed the analysis, bidding process and operations of numerous major store-closing programs, including Linens ‘n Things, Circuit City, Mervyn’s, Gottschalks, Fortunoff’s, Kmart, and Borders, Tiger said in a statement.
Prior to joining Tiger, McGrail spent four years with Thomson Financial Services, where he rose to finance manager of the global markets division.