Alfredo Bello joins as a Managing Director with more than 30 years of bank restructuring experience

London – Leading global professional services firm Alvarez & Marsal (A&M) has appointed Alfredo Bello as Managing Director and new Co-head of the firm’s bank restructuring offering in Europe. Mr. Bello’s appointment demonstrates the firm’s commitment to helping financial institutions navigate ongoing challenges and builds on the strategic growth of A&M’s Chief Restructuring Officer (CRO) offering, including the recent appointments of Kai Hoffman and Markus Schmid.

Mr. Bello brings more than 30 years of bank restructuring and crisis management experience in over 50 countries. He has supported the International Monetary Fund (IMF), the World Bank, and banking authorities worldwide on some of the most significant banking crises of the past three decades. His engagements span bottom-up financial, operational, and strategic restructuring of individual banks as well as top-down support to policymakers and regulators with broader financial sector challenges.

Some of Mr. Bello’s recent engagements include assisting the Ukrainian banking authorities to plan and execute the orderly nationalization of PrivatBank, which holds over 30 percent of retail deposits and 60 percent of retail card payments in the country. He served on the IMF team that reviewed the Spanish banking system during the peak of their crisis, assisted in the creation of Slovenia’s national ‘bad bank’, and supported the Bulgarian authorities in handling the collapse of KTB, the country’s fourth largest bank.

Mike Corner-Jones, Managing Director and Head of A&M’s European Company-side Restructuring team, said: “Alfredo’s joining bolsters our existing market-leading distressed banking team. His global perspective of distressed banking and systemic crises, including in geopolitically-sensitive countries, combined with his network of former and current senior IMF and World Bank professionals, will help our clients craft and drive solutions to their most complex challenges.”

            Fernando De La Mora, Managing Director and Co-Head of Alvarez & Marsal’s Financial Services practice in Europe, commented: “Alfredo’s experience in distressed banking will expand our capabilities and further our ability to help solve the sector’s evolving challenges. His approach aligns with A&M’s operational heritage and our emphasis on leadership, action, results.”

Mr. Bello commented: “Financial sectors are now generally more robust following enormous efforts since the global financial crisis. However, risks continue to evolve, stemming from the pandemic and the extraordinary policy measures that had to be taken. There is a need to remain vigilant, to re-evaluate markets and business models, and occasionally to take more dramatic actions with weaker players. I look forward to helping A&M’s clients across multiple sectors, including banks, non-bank financial institutions and banking authorities manage today’s and tomorrow’s challenges.”

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Contact:

Ellen Johnson, Headland Consultancy, +44 (0) 7901 853 673

Chloé Gillot, Marketing Executive, EMEA, +44 (0) 7740 292 190