SINGAPORE, June 23 — Leading global professional services firm Alvarez & Marsal (A&M) has launched a new business unit in Southeast Asia and Australia (SEAA), headed by recently appointed Managing Director, Utsav Garg.
A&M’s SEAA business unit demonstrates the firm’s commitment to and investment in expanding its geographic footprint across Asia Pacific (APAC) in response to growing market demand.
The SEAA business unit ensues from A&M’s year of double-digit global growth and incorporates multiple capabilities across the firm including Private Equity Performance Improvement, Corporate Transformation, Restructuring & Turnaround and Disputes and Investigations.
SEAA represents the next phase of the firm’s Asia Pacific expansion strategy by aligning its Singapore, Indonesia, Malaysia and Australia offices and setting the foundation for a future office in Vietnam.
Garg brings more than 20 years of experience in large scale transformation programs to his role at A&M. In addition to building and leading the SEAA business unit, he will advise clients on sustained growth and profitability improvement across various industries, including consumer goods and retail, telecommunications, information and communications technology (ICT), healthcare, logistics and process industries.
Alvarez & Marsal sees growing demand
Prior to joining A&M, Garg served as Managing Partner for Kearney’s Southeast Asia business across four offices. In that role, he grew the company’s business multi-fold in the region. He has also held sales and brand leadership positions with Unilever.
Bryan Marsal, Co-founder of Alvarez & Marsal, said, “A&M has seen growing demand from both private equity and corporates in Asia Pacific. Our SEAA business unit is the strategic extension of our presence across North Asia and India and will be critical to our growth in this expanding market. Utsav and his team will provide the unique blend of industry operator expertise and the bias towards action that A&M is known for around the world and in the region.”
Luis de Lucio, Managing Director and A&M’s Head of Emerging Markets and APAC, said, “Southeast Asia and Australia are key markets for us and pivotal to our ability to help regional and international clients solve for complex problems.
“Utsav’s proven track-record of delivering results dovetails with our operational heritage and driving change mindset. Alongside our investment to scale up A&M’s APAC presence, Utsav’s in-depth market knowledge will bolster our integrated approach and offering across the region.”
Garg said, “Our SEAA business unit represents a new and exciting growth chapter for the firm. A&M’s global capabilities, legacy of operational excellence and commitment to maximizing value will help Southeast Asia and Australia-based clients navigate challenges and seize opportunities.
The firm’s history of solving for the complex problems facing corporates, boards, private equity firms and government agencies furthers our ability to create value across the value chain for clients.