Alvarez and Marsal (A&M), a global professional services firm, has announced the launch of its new global portfolio advisory business.
An initial team of five senior professionals will be joined by Amo Chahal, who has been appointed as managing director, to develop the practice.
With over 14 years of financial services experience, covering both restructuring and transactions, Chahal also specialises in bank wind-downs and the implementation of core and non-core strategies.
Before joining the firm as managing director, he was a partner at Deloitte’s portfolio lead advisory services practice.
Richard Fleming, managing director and European head of restructuring at the A&M, said that as a larger financial crisis emerges from the current pandemic, banks will be forced to “redefine their core business and pursue strategies to reinforce their capital structures”.
He added that Chahal and his team have the “expertise” to support its clients in navigating “these complex issues”.
The launch follows the group’s recent expansion to its financial restructuring teams across the UK and Europe, and represents the next step in its European strategic growth plan.
Antonio Alvarez III, managing director and European practice leader at A&M, said: “We have continuously expanded our offering and geographies since entering Europe about 20 years ago, providing leadership, action and results and attracting as well as developing top talent.
“Amo’s arrival is another important step in our growth journey focused on financial institutions.”