London – 1st October, 2019 – Global professional services firm Alvarez & Marsal (A&M) has appointed Lorenzo Grillo as Managing Director to support the expansion of its Cyber Risk Services in Europe, part of the business’ Disputes and Investigations practice.

Reflecting a growing need for cybersecurity across all industries and markets, Mr. Grillo will be responsible for leading A&M’s expanding European Cyber Risk Services team, to help clients navigate the growing threat of cyber-attacks.

Building on existing success in delivering cyber services in the U.S. and U.K., the team will advise European clients across multiple sectors, including financial services, manufacturing, retail, telecoms and healthcare, identifying the best solutions to protect sensitive customer and corporate data from cybercrime, and putting in place robust roadmaps that help mitigate those risks as needed. It will also provide counsel to private equity professionals, to minimise potential cyber risks across their portfolios and during transactions, be it buy-side or sell-side.

The ongoing evolution of the cyber landscape and businesses’ growing dependence on technology means data protection is front-of-mind for senior leadership around the world. With awareness levels already high, A&M will help the c-suite and Board of Directors clearly understand the justification of security investments against reduction of risk and bring greater alignment with cybersecurity needs of IT departments.

With more than 30 years of experience in IT and 23 years of experience in Information Security, Mr. Grillo has advised senior teams and private equity firms on both sell-side and buy-side due diligence or within their portfolio companies. Mr. Grillo joins A&M from AlixPartners in London, where he served as co-leader of the EMEA Cyber Security practice for over four years.

Lorenzo Grillo, Managing Director at A&M commented: “In our digital world, the risk of cybercrime is unavoidable, regardless of business size, market or industry. These threats are continually evolving – so it’s critical businesses have the means to keep up with the pace of change. Throughout my career, I’ve seen first-hand that while cybercrime is rising up corporate agendas, many leaders are unaware of the most appropriate practical and actionable measures that mitigate risk, leaving their businesses vulnerable. At A&M, we can make a real difference in connecting IT teams with management to tackle cyber challenges through our innovative and hands-on approach. I look forward to working with clients across Europe as we grow our proposition.”

Julian Jones, Managing Director and Head of A&M’s Disputes & Investigations practice in Europe commented: “Our ethos is that cybersecurity is not a technology issue, but a business issue - and should be understood as so. Emerging threats and high-profile cybercrime mean it is not enough to depend on traditional approaches that operate in isolation from wider corporate priorities. Lorenzo brings decades of cutting-edge IT and security risk expertise from leading consultancies’ and we’re confident he will be a fantastic asset as we expand our offer to new markets, serving both existing and new clients.”

About Alvarez & Marsal

Companies, investors and government entities around the world turn to Alvarez & Marsal (A&M) when conventional approaches are not enough to drive 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 4,000 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.

CONTACT:

Del Jones/Fran Hart, +44 (0)20 3725 7520, Headland Consultancy

Alex Purvis, Marketing Manager, Alvarez & Marsal, +44 (0)20 7070 0606