As Alvarez & Marsal (A&M) officially launches its Tax Services practice in Saudi Arabia, we mark this milestone by reflecting on the firm’s global journey, one defined by bold expansion, client‑centric innovation, and measurable impact across borders.

A Global Tax Force with Local Precision

Founded in 1983, A&M has grown into a global powerhouse in professional services, with its tax division now operating across all continents from more than 50 offices worldwide. What sets A&M apart is its hands‑on, operational approach that delivers not only advice but also execution. Unlike traditional firms, A&M embeds itself within client operations, aligning tax strategies with business goals to achieve tangible results.

In recent years, A&M Tax has made headlines for its strategic global expansion:

• Asia Pacific: Established new practices in Indonesia and Thailand, attracting senior talent with decades of expertise in international tax, transfer pricing, and M&A advisory.
• Japan: Opened offices in Tokyo and Osaka in 2025, building a strong leadership team and expanding transaction advisory, corporate finance, and tax services to meet growing demand in Asia’s financial hubs.
• North America: Expanded into Canada and Mexico, strengthening its presence in key growth markets with new Managing Directors and comprehensive service offerings.
• China: Tripled our headcount and quadrupled revenues within five years, becoming a trusted advisor to both domestic and multinational clients navigating regulatory complexity and transformation.
• Europe and Middle East: Enhanced our leadership team with high‑profile appointments, including Michael Bertolino, former EY Deputy Global Vice Chair of Tax, who now leads A&M’s global market strategy and supports its expansion into Saudi Arabia and beyond.
• Global Transaction Tax Advisory: Introduced the Corporate Transaction Tax and Advisory (CTTA) practice, led by Elizabeth Arrendale and a team of former Big Four partners, to provide specialized support for complex cross‑border M&A and restructuring.

Delivering Results That Matter 

A&M’s tax professionals have helped clients:

• Unlock millions in tax savings through restructuring and incentive optimization.
• Navigate cross‑border M&A with seamless transaction tax advisory.
• Implement transfer pricing strategies that withstand regulatory scrutiny.
• Design executive compensation plans aligned with ESG and shareholder goals.
• Lead complex restructuring tax engagements, including landmark bankruptcies such as Toys “R” Us and American Airlines.

Why Saudi Arabia, Why Now?

Saudi Arabia is undergoing a historic transformation under Vision 2030. With the introduction of e‑invoicing, transfer pricing regulations, and increasing ZATCA audit activity, businesses face a rapidly evolving tax landscape. A&M’s entry into the Kingdom is both timely and strategic.

Our Riyadh‑based team offers:

• Global expertise locally delivered, with deep knowledge of Saudi tax laws, Zakat, VAT, and customs.
• Independence and agility, as a non‑audit firm, A&M offers conflict‑free, objective advice.
• Senior‑led execution, ensuring clients work directly with experienced professionals rather than junior staff.

A Message from Leadership

“Saudi Arabia is a pivotal market for us. Our goal is to bring A&M’s global capabilities to support local businesses in navigating complexity, managing risk, and unlocking value. We are here to build long‑term partnerships, grounded in trust, transparency, and results.” - Marvin Rust, Managing Director, EMEA Tax Practice Leader.