Olivier Dubois has been named a managing director in the Paris office of professional services firm Alvarez & Marsal. Dubois, who was previously the chief financial officer of French shipping company CMA-CGM, will work with the group’s private equity and corporate clients, according to a spokesperson.
The move comes just three months after the group added Tarek Hosni to its Paris office, recruited from French railways company SNCF Geodis, as a managing director.
Overall A&M has expanded its global headcount of professionals dedicated specifically to private equity by 25 percent over the course of 2011, according to a statement, which said the recruiting drive was in response to market demand.
Among other services, the firm offers its private equity clients due diligence on portfolio company’s operations, financial accounting, exit support and risk management services.
Nick Alvarez, a managing director in A&M’s private equity services operations group said longer holding strategies and “nearly a trillion dollars of private equity purchasing power available due to the capital overhang” were in part responsible for the uptick in demand for the group’s due diligence offerings.
“Similarly, we expect to see more operational-oriented work in the European market as funds compete globally to invest almost $400 billion in uninvested capital,” said Adrian Balcombe, practice leader of the firm’s European transaction advisory group.
Moreover late last year the group opened a Beijing office with two new appointments, aiming to expand its turnaround business in Greater China.
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