The addition of restructuring and performance improvement specialists augments the firm’s capabilities, expertise and lines of service
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March 3, 2017

London – Leading global professional services firm Alvarez & Marsal (A&M) has responded to the tighter regulatory and audit rotation requirements that are challenging the traditional accountancy and consulting firms, and the growing demand for its offerings across Europe by bolstering its European Restructuring practice and suite of corporate transformation and performance improvement services. Former KPMG restructuring specialists Richard Fleming, Mark Firmin and Chris Johnston join A&M this month as Managing Directors to lead the firm’s new Creditor Advisory and Insolvency teams and Roger Bayly will join to co-head Corporate Performance Improvement.  In addition, Ben Tatham and Paul Kirkbright – who are also former KPMG partners – will be joining A&M as Managing Directors in April and June, respectively with Mr. Kirkbright as head of the Creditor Advisory team.

This comprehensive offering positions A&M to develop robust insolvency, creditor advisory and debtor advisory solutions for clients and further apply the firm’s operational know-how to clients’ corporate performance improvement and transformation needs. A&M’s market share continues to expand with the firm’s European practices experiencing 30 percent growth over the past two years.

Bryan Marsal, A&M’s Co-Founder and Co-CEO, said, “We see increased restructuring needs across the U.K. and Europe due to market changes such as Sarbanes-Oxley legislation and the recent Brexit vote. Growing regulatory requirements are creating the need for clients to look beyond the traditional “Big Four” for non-audit advisory and consulting support. In the U.S., Canada, Australia, France and Germany, these services have already moved to audit independent firms like A&M. The expertise of these leading practitioners completes our suite of services and provides us with the breadth of capabilities in the U.K. and Europe that we have in the U.S.”

Antonio "Tony" Alvarez III, Managing Director and A&M’s European Practice lead, said, “We have worked across from KPMG on several projects such as Abengoa. We quickly realised that the synergies and shared vision between Richard’s team and A&M would be a powerful combination that could leverage our firm’s audit independence and seamless operations.”

Messrs. Fleming, Firmin, Kirkbright, Johnston, Bayly and Tatham all formerly served in KPMG’s Restructuring practice, with Mr. Fleming in the role of Chair of Restructuring KPMG U.K. At A&M, Mr. Fleming will lead the overall Europe-wide Restructuring practice including debtor and creditor advisory and insolvency, furthering A&M’s ability to advise on complex restructuring issues that are intrinsically linked to transformation and performance improvement challenges.

Mr. Fleming said, “Increasingly, clients need rapid and compelling solutions to meet the economic and regulatory challenges and changes that they face. A&M provides strong, competitive advantages, aligned with the current restructuring landscape. That recognition combined with the firm’s impressive track record made it the ideal option for us. We look forward to advancing A&M’s reputation as the “go-to” restructuring firm in the U.K. and Europe.”

For more information on Messrs. Fleming, Firmin, Johnston and Bayly, please click on the links to their bios below.

Richard Fleming

Mark Firmin

Chris Johnson

Roger Bayly


About Alvarez & Marsal

Companies, investors and government entities around the world turn to Alvarez & Marsal (A&M) when conventional approaches are not enough to activate change and achieve results.

Privately held since 1983, A&M is a leading global professional services firm that delivers business performance improvement, turnaround management and advisory services to organizations seeking to transform operations, catapult growth and accelerate results through decisive action.  Our senior professionals are experienced operators, world-class consultants and industry veterans who leverage the firm's restructuring heritage to help leaders turn change into a strategic business asset, manage risk and unlock value at every stage.

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