Report suggests that UAE consumers are less likely to compromise on product quality for lower prices and are more inclined to sacrifice convenience or the shopping experience

London, 14 June 2022 – A new report by global professional services firm Alvarez & Marsal (A&M), in partnership with Retail Economics, has found that as inflation hits a 40-year high, consumers are increasingly driven by price, yet they remain unwilling to compromise on quality and ethics.

Alvarez & Marsal Taxand, LLP (A&M Taxand), an affiliate of leading global professional services firm Alvarez & Marsal (A&M), has appointed Kathy Lloyd and Chris Prout as London-based Senior Directors.

A&M continues to expand its Chief Restructuring Officer offering across Europe with the hire of Managing Director Pablo Blanco in Spain. Pablo’s experience will provide boots-on-the-ground expertise to help clients capitalize on recent legislation in Spain allowing for more agile and flexible pre-insolvency procedures with a broader scope to promote restructuring at an earlier stage.

The report suggests that aggregate profitability of top Saudi banks increased substantially by 17.6 percent quarter on quarter (QoQ) in Q1’22 driven largely by operational income growth of 5.6 percent QoQ.

Francois Bardi and John Corrigan join as Managing Directors expanding A&M’s energy sector expertise.

Leading global professional services firm Alvarez & Marsal (A&M) has appointed John Scerbo as a Managing Director, with the firm’s Private Equity Performance Improvement (PEPI) group.

The report suggests that the Q1’22 results for most of the banks in the UAE highlighted an increase in profitability, despite lower non-interest income.

Leading global professional services firm Alvarez & Marsal (A&M) appointed Dr. Chan Yoo as a Managing Director in its Seoul, South Korea, office. Dr. Yoo’s hire links his extensive transformation experience with Asian manufacturing corporations across multiple industries to A&M’s strategic growth plans in support of the market’s needs.

Global Transaction Advisory Group Managing Director and Global Practice  Leader, Paul Aversano, was quoted in a recent article in Axios, “Deconstructing the Dissidents.”

Global professional services firm Alvarez & Marsal (“A&M”) today announces the findings of its latest analysis and predictor of shareholder activism in Europe in 2022, the “A&M Activist Alert”, or “AAA”.

Alvarez & Marsal (A&M), has appointed Alfonso A-Pallete to lead A&M Taxand’s Miami-based Latin America Complex Transactions group.

A&M's Public Sector Services hires Senior Director Maggie Koziol, whose expertise will be critical in helping guide school administrators to better connect the dots between education and workforce development.

The report suggests that the profitability metrics of the top 10 banks in the Kingdom of Saudi Arabia witnessed an improvement with post COVID-19 economic recovery. The aggregate loans and advances (L&A) grew 14.2 percent year-over-year (YoY) as all the top ten banks reported a growth, however deposit mobilization slowed down in FY’21.

Roel de Vries, a recognized corporate and international tax advisory practitioner, joins A&M as a Managing Director.