Douglas Lambert
Managing Director
Quick facts
35+ years of experience focused on financial and operational performance improvement and restructuring
Has held CRO, CEO and CFO roles in financial services and other industries
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Douglas Lambert is a Managing Director at Alvarez & Marsal in New York, where he leads the firm’s Financial Industry Advisory Services practice.

Mr. Lambert brings over 35 years of diverse financial and operational experience, and his primary areas of expertise include the formulation and implementation of financial and operational improvement plans for underperforming institutions.

He has led financial and operational management teams across a broad spectrum of industries, including financial industry, aviation, healthcare, manufacturing and consumer products. He has advised boards of directors and stakeholder groups in various capacities ranging from financial advisor to interim CRO, CEO and CFO.

Mr. Lambert served as CEO of Legacy Asset Management Company, a wholly owned subsidiary of Lehman Brothers Holdings, Inc. Mr. Lambert also had primary responsibility for managing the successful open-door resolutions of Lehman’s commercial and thrift banking operations, and held directorships with Woodlands Commercial Bank and Aurora Bank, FSB. Further, he led all post-petition negotiations with U.S. banking regulators pertaining to various complex regulatory and bankruptcy matters.

Mr. Lambert’s other assignments include serving as pre- and post-Katrina interim CFO for the New Orleans Public School System; HealthSouth Corp., the largest healthcare fraud in U.S. history; and served as interim CFO of Oreck Corp.

Prior to joining A&M, Mr. Lambert was a Senior Vice President for Wexford Capital LLC, where he focused on distressed debt and special situation investing. He has participated in numerous interim financial and operational management roles resulting in the successful restructuring and disposition of various distressed companies. Mr. Lambert began his career in the accounting and auditing services group of a Big Five accounting firm.

Mr. Lambert earned a bachelor’s degree in public accounting from Hofstra University. He is a member of the American Institute of Certified Public Accountants (AICPA) and the New York State Society of Certified Public Accountants (NYSSCPA).

NOTE: Alvarez & Marsal employs CPAs but is not a licensed CPA firm.