Thomas Vasquez

Senior Managing Director

Ankura Consulting Group

1220 19th Street NW, Suite 700, Washington, DC  20036
Main: +1.202.797.1111


PhD, Economics, Clark University
MA, Economics, Clark University
BS, Mathematics, State University of New York – Potsdam

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Thomas Vasquez, PhD is a Senior Managing Director at Ankura Consulting Group, based in the Washington, DC office.  Dr. Vasquez has over 35 years of experience providing economic, financial, strategic and operational consulting services to commercial firms, law firms, U.S. federal and state government agencies, and foreign governments. He has provided expert testimony on a wide range of economic and financial matters including some of the most significant cases of product liability, environmental and economic damage, bankruptcy and restructuring, and bodily injury in the past two decades.

Dr. Vasquez has provided management consulting services for private sector companies in a wide array of industry sectors.  The services include identifying methods to: (1) increase the stock price or value of the company; (2) leverage the firm’s brand asset; (3) assist underperforming companies and (4) provide valuation services.  Dr. Vasquez has also assisted US and foreign governments in the development of tax, expenditure and regulatory policy.  The services include the development of large scale micro-economic models to allow policymakers to determine individual and company behavioral reactions to tax and regulatory policy.

Dr. Vasquez has provided expert testimony, depositions and analytical support on litigation matters for a broad spectrum of issues involving statistical techniques, computer simulation, economic behavior and economic models, forecasting, valuation and liability estimation including, among others:

  • Using statistical models to forecast a company’s future liability from lawsuits related to its former production of asbestos including the following representative assignments – National Gypsum Corporation, the Fibreboard Corporation, Owens Corning, Congoleum, Western MacArthur, Burns and Roe, Inc. and Specialty Products Holding Corp.,
  • Using statistical models to forecast a company’s future liability from lawsuits related to its former sales of products.
  • Using statistical models to determine the settlement value of bodily injury and financial loss claims resulting from exposure to a wide range of hazardous or defective materials or activities.
  • The statistical analysis of the determinants of supply and demand in certain industry segments for use in business valuations before the Bankruptcy Court.
  • Analyzing the impact of regulation and tax policy on prices, sales and production.
    Analyzing the allocation of liability from a state’s superfund tax.
  • The statistical analysis of reasonable officer compensation levels in closely held companies.

Over the past 20 years, Dr. Vasquez has focused on evaluating the economic and non-economic loss from bodily injury claims.  In recent years, Dr. Vasquez has designed the algorithm for determining the damage from the BP Gulf Oil Spill, the NFL Concussion Settlement, the GM Ignition Failure settlement fund and virtually all of the major asbestos settlement trusts.

Prior to joining Ankura, Dr. Vasquez was a Vice President at Analysis, Research & Planning Corporation (ARPC) from 1998 through 2015.  From 1997 to 1998, Dr. Vasquez was the President and CEO of Yankelovich Partners, Inc., a leading market research firm.  While at Yankelovich Partners, Dr. Vasquez had responsibility for engagements designed to determine the best approach to maximize the value of the client’s firm.  These engagements involved understanding the source of the value components of the firm – value of the firm’s brand, product/service lines responsible for increasing (decreasing) stock price, the role of joint products and other key components of the firm’s value.

From 1993 to 1997, Dr. Vasquez was the National Partner in Charge of Corporate Transactions Services for KPMG Peat Marwick.  In this role he practiced in and led four of KPMG’s national practices.  One practice area was in the area of litigation support. This area involved almost exclusively the use of highly trained professionals in providing expert testimony in a wide range of litigation issues.  The second practice area involved providing consulting services in the bankruptcy and troubled company area.  This area involved analyzing the condition and prospects of a company in financial distress, generally involving recommendations for expense control, revenue growth, elimination/sale of product and distribution lines and the elimination/selling of production sites.  The third area is investment banking.  This area focused on three major components: (1) buying and/or selling of companies for middle market clients; (2) advice to non-public clients preparing an Initial Public Offering, and (3) advise to clients on methods to increase share price and/or cash flow in anticipation of sale.  The fourth area was business valuation.  This area focused on the valuation of businesses in a wide range of settings including bankruptcy, fairness opinions, mergers and acquisitions, estate planning and other venues requiring valuation services.

Dr. Vasquez served on the Firm’s Board of Directors from 1993 to 1997 and served as the Chairman of the Board’s Strategic Planning Committee.

Prior to selling his firm to KPMG, Dr. Vasquez was the founder and President of the Policy Economics Group.  Dr. Vasquez was responsible for all data base development and tax simulation modeling for federal and state government clients in the United States as well as foreign governments including among others Egypt, Pakistan, Hungary, the former Soviet Union, Trinidad-Tobago, Virgin Islands, Guam, El Salvador and Guatemala.  Dr. Vasquez also developed similar models using specialized industry data bases to determine tax impacts and behavioral responses for commercial firms, industry associations and law firms.  These models were also used to formulate the client’s strategic direction, market initiatives and value maximization strategies.

Prior to establishing the Policy Economics Group, Dr. Vasquez was the Deputy Director for the U.S. Department of the Treasury Office of Tax Analysis.  While there, he guided U.S. tax policy analysis and designed large micro-simulation models and data bases for the U.S. Treasury Department and the Joint Tax Committee of the U.S. Congress.  He appeared before Congress to provide testimony on such issues as capital gains taxation.  He also designed numerous specialized models and data bases for analyzing policy issues at the company, industry, and individual levels.

Dr. Vasquez received a Ph.D. degree in Economics from Clark University, a Master of Arts in Economics from Clark University, and a Bachelor of Science in Mathematics from the State University of New York (SUNY) – Potsdam.

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