Gioele Balmelli

Senior Director
15 years of experience across Switzerland and EMEA 
Specializes in restructuring, turnaround, and performance improvement 
Expertise in luxury retail, crypto, engineering, industrial manufacturing, and business services
Zurich
@alvarezmarsal
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Gioele Balmelli is a Senior Director with Alvarez & Marsal Restructuring & Turnaround in Zurich. He specializes in advising companies, lenders, and other stakeholders in complex stressed and distressed situations. He has nine years of restructuring experience as well as five years in project management. 

Mr. Balmelli has managed and collaborated on numerous turnaround and financial restructuring engagements, advising boards and C-level executives, lenders, and investors. He has also contributed to financial due diligence engagements in various sectors. His sector experience includes crypto, energy, construction, automotive, industrial manufacturing, business services, food processing, aerospace, and (fashion) retail.  

Mr. Balmelli’s most notable assignments include coordinating the debt moratorium process of the European subholding of FTX, headquartered in Switzerland. He also managed business reviews in the life science, luxury retail, and construction industries. Further, he helped develop a value creation program and set up and managed a detailed project management office for a private equity-owned, Swiss-based international player in the business services sector.  

Prior to joining A&M, Mr. Balmelli spent over three years in KPMG’s Restructuring practice in Zurich. Before that, he worked on a restructuring project in the solar energy sector in Johannesburg, South Africa, for Trium Investments (Pty) Ltd. He also worked for Wärtsilä and WinGD as a project manager in engineering, software development, and an IT separation project after the acquisition of Wärtsilä’s two-stroke engine business by the China State Shipbuilding Corporation. 

Mr. Balmelli earned a bachelor’s degree and a master’s degree in mechanical engineering from the Swiss Federal Institute of Technology in Zurich (ETHZ) and an MBA from the IESE Business School at the University of Navarra. He is fluent in Italian, German, and English.

Insights By This Professional

Financial distress is accelerating and becoming more entrenched across European businesses as mounting macroeconomic and geopolitical pressures eroded both earnings and balance sheet resilience in 2025.

The latest A&M Distress Alert highlights 13.5% of companies in Europe are now classified as distressed, the highest level since at least 2022 and up from 8.6% in 2024.