Alvarez & Marsal Asia at a Glance


  • "Traveling in different countries and work with people from different offices."
  • "The quality of work."
  • "Fun and reward."


  • "Long work hours."
  • "Travel."
  • "Lack of focus on career and skill development."

The Buzz

  • "Mid-tier, known firm."
  • "Turnaround masters."
  • "Boutique."

About Alvarez & Marsal Asia

Founded in 1983, Alvarez & Marsal is a global professional services firm with one overriding specialty:  helping companies and investors take action for change and drive performance when traditional approaches to solving business problems are insufficient. 

To do that, the firm offers several main global service lines: performance improvement, corporate restructuring and business advisory services, tax advisory, global forensics and disputes, and private equity lifecycle services.

While the firm is perhaps best known for its work turning around troubled companies, the lessons gleaned from those experiences mean that A&M also has strong capabilities when it comes to advising leaders of healthy companies on how to improve and innovate operations and financial performance. Indeed, in describing its capabilities, the company states that, "there are more similarities than differences in managing troubled companies and managing for growth.  We get to the heart of client challenges quickly and take a hands-on approach to complex business problem solving." That outlook-together with the firm's broad array of capabilities-means A&M will thrive in almost any economic climate. 

The company serves clients across a range of industries, including financial services, energy, retail, insurance, automotive and suppliers, consumer packaged goods, healthcare, high tech, manufacturing, media and entertainment, private equity, public sector, real estate, and transportation and infrastructure. Its client list includes AmLaw 100 law firms and Fortune Global 500 (and half of the Fortune 100) companies, numerous private equity firms as well as several  banks and financial institutions, both in the U.S. and abroad. The firm has 45 offices in 18 countries in North America, Europe, Asia and Latin America. 

From one shop to one-stop-shop

When founders Tony Alvarez II and Bryan Marsal hung their shingle in New York in 1983, they did so as a firm with one core competency: restructuring. For the next 15 years, the firm gradually built a reputation in its local market as the go-to outfit for troubled companies-a reputation that led to the decision to expand the business, first nationally, in 1999, and then internationally with the launch of a European practice in 2001. 

Having steered its earliest clients through the fallout from the LBO oil patch era to the tech bust and the accounting scandals of the early years of the decade, A&M's next move was to help them navigate through the raft of new regulations that emerged because of those scandals. Accordingly, with clients struggling to come to terms with the details of the Sarbanes-Oxley regulations, in 2004, the firm branched into performance improvement and business advisory, before adding transaction advisory and private equity services the following year. 

Cometh the hour…

If the implosion of the financial markets in 2008 can be called a disaster, Alvarez & Marsal's role was akin to that of first responder: in advance of the credit crunch, the firm created a dedicated Financial Industry Advisory Services unit. Featuring a blend of consultants and banking industry operators on both sides of the pond, the unit was created to offer clients in the financial services industry counsel from former bankers and bank regulators, turnaround managers, real estate advisers, forensic accountants and IT strategists, among others. 

Underlining its reputation as a restructuring and turnaround specialist, meanwhile, A&M was selected to lead the global wind-down of Lehman Brothers following its declaration of bankruptcy-the largest (and likely the most complicated) wind-down in U.S. history. The Lehman project alone took four years; the bank began the process of repaying creditors in 2012 when it emerged from bankruptcy protection. Additionally, the firm also led the liquidation of WaMu and other major banking institutions in the aftermath of the credit crisis, and is active in countries and financial institutions across the Eurozone and North America, preparing for Dodd Frank and Basel III implementation, including new capital, business model, operational and risk/regulatory and asset management requirements. 

Principles of management

In recent years, Alvarez & Marsal's star has been rising in industry sectors where activist operational support and leadership, culled from the firm's distinctive restructuring heritage and relentless focus on execution and results, have been most needed. Accordingly, A&M is well positioned to define a new breed of consulting firm among healthy corporates addressing the trials and tribulations inherent in every economic cycle.   

Regardless of where a firm falls on the scale from "troubled" to "healthy," A&M believes that its principles for management can be applied to help it improve its performance and unlock value. Those principles include: minimizing bureaucracy but maintaining strong process management; challenging assumptions and traditional interests; remaining fact-based and objective when seeking reasons for underlying issues; rooting out under-performance; clarifying responsibility, authority and leadership over key initiatives; a belief that culture is a covenant that leaders build and maintain with their people that should not be squandered; and always keeping a watchful eye on liquidity and working capital management. 


June 2015

Developing a Framework for Dealing with Loan Frauds

In response to risks arising from increasing loan frauds, the Reserve Bank of India (RBI), on May 7, 2015, provided specific guidelines to banks for developing a framework for dealing with loan frauds. 

Alvarez & Marsal (A&M) has closely followed the RBI's guidance and has developed an overview of its key guidelines and critical actions that banks are advised to take to ensure compliance. Read more

April 2015

 InfoRisk Today Magazine Broadcasts Interview with Dhruv Phophalia on Fighting Fraud in India 

Dhruv Phophalia, leader of A&M's Indian Global Forensic and Dispute Services practice in Mumbai, recently spoke with InfoRisk Today Magazine for an audio broadcast program on fighting fraud in India. The interview focused on India's unique cultural and business environment which make the fraud landscape distinct from the challenges faced in other, more developed markets. Read more

January 2015

Alvarez & Marsal Expands in Asia and Adds Transaction Advisory Group in Hong Kong As part of its expanding business in Asia, A&M announced the launch of the Shanghai-based Transaction Advisory Group  and the hire of industry expert Xuong Liu to lead this group. A&M's transactional advisory team will target the next generation of investors and Asian businesses who are looking for partners who can advise but also offer "hands-on" operational expertise to help them realize global aspirations. Read more.

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Alvarez & Marsal Asia

Rooms 1101-3, 11/F, MassMutual Tower
38 Gloucester Road, Wanchai
Hong Kong
Phone: +852-3102-2600
Fax: +852-3102-2600


  • Employer Type: Private
  • Co-CEOs: Antonio C. Alvarez II & Bryan Marsal
  • 2015 Employees: 2,500

  • Employment Contact

  • Major Departments & Practices
    Global Capabilities
    Turnaround and Restructuring Advisory
    -Interim and Crisis Management
    Operational/Financial Performance Improvement
    -Technology/CIO Solutions
    -Supply Chain Management
    -Procurement Process and Leveraged Sourcing
    -Business Model Transformation
    Business Advisory Services
    -Corporate Governance
    -Executive Benefits Consulting
    -Global Forensic and Dispute Services
    -Tax Advisory Services
    -Transaction Advisory
    -Valuation Services
    -Risk Management
    Industry Expertise
    Automotive and Suppliers
    Consumer Packaged Goods
    Financial Services
    High Tech
    Media and Entertainment
    Private Equity
    Public Sector
    Real Estate
    Transportation and Infrastructure

Major Office Locations

  • New York (Global HQ)
  • Hong Kong (Asia-Pac HQ)
  • London (Europe HQ)
  • Sao Paulo (Latin America HQ)

  • 45 offices in 18 countries