Professional services firm Alvarez & Marsal (A&M) continues its growth and expansion with the launch of a global portfolio advisory business
Amo Chahal joins as managing director from Deloitte, to develop the practice and will be joined by an initial team of five senior professionals including Nahuel Callieri and Ankur Patodi. This appointment follows on a number of recent senior hires from Deloitte in the restructuring area including Christian Ebner, James Dervin, Michael Magnay and Floris Hovingh.
Chahal has over 14 years of financial services experience, covering both restructuring and transactions. He also has extensive expertise in bank wind-downs and implementation of core and non-core strategies.
His transaction advisory experience includes multiple asset classes within commercial and consumer debt across the UK, Ireland, Germany, France, Spain, Netherlands, the Nordics and Asia. Before joining A&M, Chahal was a partner in Deloitte’s global portfolio lead advisory services practice.
The launch of A&M’s global portfolio lead advisory business dovetails with the growth of the firm’s restructuring business, which over the last 12 months has expanded its financial restructuring teams in the UK, Spain, the Nordics, France and Switzerland, with further hires joining from the Big Four in both Germany and Italy. It also marks the next step in A&M’s European strategic growth plan that has delivered three years of double-digit profitable growth.
Richard Fleming, managing director and European head of restructuring at A&M, said: ‘As we move from the current health crisis, a larger financial crisis will start to emerge. It will drive banks to redefine their core business and pursue strategies to reinforce their capital structures. Amo, and team, have the expertise to help our clients navigate these complex issues. We are committed to building a market-leading practice in response to growing challenges facing the sector.’
Antonio Alvarez, managing director and A&M’s European practice leader said: ‘We have continuously expanded our offering and geographies since entering Europe about 20 years ago, providing leadership, action and results and attracting as well as developing top talent.
‘This past year has been unprecedented in terms of shocks facing businesses during which our agile operating model and independence enabled us to deliver impressive results for our clients. Amo’s arrival is another important step in our growth journey focused on financial institutions.’
Over the last year, the firm has opened five new offices in Geneva, Düsseldorf, Oslo, Helsinki and Glasgow. Additionally, the firm promoted 11 of its professionals to managing director.