Alvarez & Marsal (A&M), a leading global professional services firm, has expanded its financial restructuring capabilities in Europe, the Middle East and Africa (EMEA) with the hiring of James Dervin as Managing Director.

Dervin will help further development of A&M’s business in the Middle East region and enhance the capabilities of the Financial Restructuring team across the UK, and Europe.

Dervin’s arrival builds on A&M’s expanding financial restructuring offering in the region and marks the next step of the firm’s strategic development across EMEA. Concurrently, his appointment reinforces the firm’s recent growth in its financial restructuring business across France, Switzerland, the Nordics, Spain, Germany and Italy, in addition to its large UK team.

Dervin brings more than 20 years of experience, advising and supporting financiers, borrowers and other stakeholders in stressed and distressed situations, in both developed and developing jurisdictions, with cross-border dimensions and tiered capital structures.

Prior to joining A&M, Dervin spent 16 years with Deloitte‘s Restructuring Advisory team, eight as a Partner/Managing Director. While there, he worked on high-profile European financial restructurings, often with gulf-dimensions.

Following the Global Financial Crisis and completing several gulf related restructurings from London, he was seconded to Deloitte Middle East and led the Financial Advisory business in Abu Dhabi. While there, he worked with international and regional financial institutions, sovereign and government clients, and other eminent regional investors throughout EMEA and India, returning to the London office in 2017.

Paul Kirkbright, Managing Director and Head of EMEA Financial Restructuring Advisory at A&M, said: “James’ unique combination of expertise will help create value for our clients. Along with leading complex restructuring situations across EMEA, he has direct experience working in the Middle East and other developing markets. His in-depth knowledge advances our ability to meet increasing client demands, aligns with our operational heritage and extends our cross-border offerings. Over the next six months we will be looking at additional local hires across EMEA to best help clients navigate post-pandemic uncertainties.”

Richard Fleming, European Head of Restructuring at A&M, said, “James’s joining bolsters A&M’s capability to deliver high quality impactful multi-jurisdiction results, as demonstrated in the widely reported NMC restructuring. His arrival enhances our ability to fuse developed-market thinking with Middle East regional-market insights to deliver optimal outcomes for our local and international clients.”

Dervin commented: “I’m delighted to be joining a firm whose very DNA is Restructuring & Turnaround, with an established, match-fit bench across continents, and in the U.K. The absence of audit conflicts means A&M has the full service, rapid-response capability required in restructuring situations. I look forward to working with, and across from, new and old friends in our ever-evolving markets.” – TradeArabia News Service