Philippe Dupont and Nicolas Taufflieb Join Alvarez & Marsal France From AlixPartners
Paris – Leading global professional services firm Alvarez & Marsal (A&M) will expand its offerings for financial services and corporate clients in France with the appointments of Philippe Dupont, as Senior Advisor and Nicolas Taufflieb, as Managing Director. Mr. Dupont will advise large French corporates across a range of industries and will work closely with Antonio Alvarez III, leader of A&M’s European practice. Mr. Taufflieb will lead A&M’s Financial Industry Advisory Services practice in France. Their appointments augment A&M’s ability to meet market demand for transformation and performance improvement services, alongside rising cost pressure within major financial institutions and corporates.
The arrival of this new team supports A&M’s European growth plans following its Global Transaction Advisory Group expansion in France earlier this year.
Mr. Dupont is a noted member of France’s financial community and formerly served as the first Chairman of BPCE Group, having led the merger of Banque Populaire and Caisse d’Epargne Groups. Prior to that, he was Chairman and CEO of Banque Populaire groups. He has also served as Chairman of the French Banking Federation. He is currently the treasurer of Fondation de France.
Mr. Taufflieb brings 25 years of experience advising financial services clients on cost reduction and restructuring issues to his role at A&M. Prior to joining A&M, he was instrumental in developing financial services cost reduction practices for leading consulting firms. As a consultant he managed several global transformation programs for major European Universal banks on a very significant scope (up to €20 Bn. cost base, 15 countries covered, project team up to 150 consultants). He also led the global restructuring for a €50 Bn. mortgage specialist.
Mr. Alvarez III said, “French corporates are facing disruptive challenges combined with increasing costs and regulations. We are seeing more corporates needing to develop and rapidly implement complex transformation agendas and streamline their organisations. Philippe’s recognized expertise as a former CEO of leading banks will be a key asset to position A&M as a top tier advisory firm with a unique value proposition leveraging our restructuring DNA.”
Mr. Dupont said, “A&M’s operational focus and hands-on senior leadership offers a differentiated way of providing support to chief experience officers (CXO) who are seeking new ways to transform. The A&M business model aligns with my own view that clients are expecting from external advisors a more disruptive approach and rapid results to ensure sustainable business growth. I was impressed by the ambition and entrepreneurial mindset of the firm and I am incredibly excited to be joining A&M at this key point in time.”
“We are delighted to have Nicolas onboard, leveraging his strong track record and expertise in cost reduction in financial services,” said Chris Broyden, a Managing Director and Head of Financial Institutions Performance Improvement, Europe. “France is a key market for A&M Financial Industry Advisory Services. Financial institutions face an increasingly disruptive transformation agenda requiring greater impact and enhanced agility. This agenda is highly correlated with A&M’s core strengths as a new player in the French financial services consulting market.”
Tarek Hosni, head of Alvarez & Marsal France, said, “Thanks to the major economic reforms currently undertaken in the country, French corporates and private equity portfolio companies will be able to increasingly engage in modernizing and transforming their operating models. This strengthening of our team further positions A&M to help French businesses drive change across the company lifecycle from turnaround to transformation.”
About Alvarez & Marsal
Companies, investors and government entities around the world turn to Alvarez & Marsal (A&M) when conventional approaches are not enough to make change and achieve results. Privately held since its founding in 1983, A&M is a leading global professional services firm that provides advisory, business performance improvement and turnaround management services.
With over 3,000 people across four continents, we deliver tangible results for corporates, boards, private equity firms, law firms and government agencies facing complex challenges. Our senior leaders, and their teams, help organizations transform operations, catapult growth and accelerate results through decisive action. Comprised of experienced operators, world-class consultants, former regulators and industry authorities, A&M leverages its restructuring heritage to turn change into a strategic business asset, manage risk and unlock value at every stage of growth.
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