US-based Alvarez & Marsal expands its footprint in Saudi Arabia and UAE

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Saudi Arabia
  • Date: 09-Aug-2022
  • Source: GCC Business…
  • Sector: Economy
  • Country: Saudi Arabia
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US-based Alvarez & Marsal expands its footprint in Saudi Arabia and UAE

US-based leading global professional services firm Alvarez & Marsal (A&M) has opened new offices in Riyadh and Abu Dhabi as part of its Middle East expansion plans.

The company said that it intends to strengthen the regional market position. Further, the firm’s headcount in the region doubled to 116 last year and is projected to cross the 200 mark in 2023.

According to the company statement, “To support this growth, Mr. James Dervin has transferred from A&M’s London office to Riyadh and will be co-leading the region with Mr. Paul Gilbert in Dubai. Additionally, Mr. Faisal Shaikh (Dubai) and Mr. Hazim Almegren (Riyadh) have joined as Managing Directors within the Corporate Finance and Financial Services groups respectively.”

James Dervin

Head – Performance Improvement

Co-head – Middle East

Alvarez & Marsal “Abu Dhabi and KSA are drivers of progress in the region and beyond, each at different stages of development, with their own unique requirements. A&M fully understands the need to commit to these markets, hence our strategic decision to build locally-based teams. Mr. Faisal and Mr. Hazim’s joining further enhances our ability to develop bespoke solutions helping clients navigate challenges and capitalize on opportunities. Their backgrounds align with our operational heritage and will help to advance