Nayantara Hensel Special Consultant B.A., Harvard College, 1997 M.A., Harvard University, 1999 Ph.D., Harvard University, 2001

Dr. Hensel is an Assistant Professor of Economics and Finance at the Graduate School of Business and Public Policy at the US Naval Postgraduate School. She has had an extensive background in industrial organization, antitrust, mergers and acquisitions, corporate finance, strategic valuation, and corporate strategy. Dr. Hensel received her B.A. in Economics, magna cum laude, from Harvard University, where she was a member of Phi Beta Kappa. She received her M. A. and Ph.D. in Business Economics (Applied Economics) from Harvard University. Prior to joining the faculty at the US Naval Postgraduate School, Dr. Hensel taught at Harvard University and the Stern School of Business at NYU, served as a Senior Manager at Ernst & Young and the primary economist for one of its units, was an economist for Marsh and McLennan (within NERA, the economic consulting arm), and served as a Post-Doctoral Research Fellow at the National Bureau of Economic Research. Dr. Hensel’s recent research has examined the impact of size and market structure on efficiency (economies of scale) in European and Japanese banks and on their tendency to open branches or merge, as well as the impact of contracting arrangements and mergers on the utilization of railroad and airline networks. Her most recent publications have been in the European Financial Management Journal and the Journal of Financial Transformation. She has given a number of seminars at institutions, including the Federal Reserve Bank of Chicago, the Federal Reserve Bank of Boston, London Business School, RAND, and Harvard University. Dr. Hensel’s litigation experience has included breach of contract cases, bankruptcies (especially in the energy sector), valuations, market efficiency cases, and various types of securities litigations, including 10b-5 damage analyses and event studies, IPO allocation cases, and market timing cases. Her litigation analyses have spanned a wide range of industries, including telecommunications, energy, manufacturing, and banking.