BrazilA&M appoints Philippe Dupont and Nicolas Taufflieb in France
As global consulting firm Alvarez & Marsal expands its offerings for corporate and financial services clients in France, the firm has announced the appointment of two senior professionals to its ranks. Philippe Dupont and Nicolas Taufflieb have been appointed following A&M’s broadening of its Global Transaction Advisory Group.
With over 3,000 people across four continents, Alvarez & Marsal (A&M) works to improve results for corporates, boards, private equity firms and government agencies facing complex challenges. As the firm looks to expand its reach across Europe, in May this year A&M expanded its Global Transaction Advisory Group into Paris. The TAG practice specialises in M&A, due diligence and transaction support, and was recently named one of the top players in the industry by an independent analyst firm.
Speaking at the French launch of TAG, Paul Aversano, the Managing Director and Global Practice Leader of the division said, “The launch of a transaction advisory presence in France supports the firm’s commitment to meet local market needs and global market M&A demands, and enables us to continue our European expansion.”
Now, A&M has followed this up with the appointment of Philippe Dupont as a Senior Advisor and Nicolas Taufflieb as a Managing Director. Dupont will advise large French corporates across a range of industries and will work closely with Antonio Alvarez III, leader of A&M’s European practice. Taufflieb will meanwhile lead A&M’s Financial Industry Advisory Services practice in France. Their appointments augment A&M’s ability to meet market demand for transformation and performance improvement services, while supporting A&M’s European growth plans following its Global Transaction Advisory Group expansion.
A noted member of France’s financial community, Dupont formerly held the role of first Chairman of BPCE Group, having led the merger of Banque Populaire and Caisse d’Epargne Groups. Prior to that, he was Chairman and CEO of Banque Populaire groups, and also served as Chairman of the French Banking Federation. Most recently he served rival AlixPartners in Paris. He is presently the treasurer of Fondation de France, a role which he will maintain.
At the same time, Taufflieb brings 25 years of experience advising financial services clients on cost reduction and restructuring issues to his role at A&M. Prior to joining the management consulting firm, he was instrumental in developing financial services cost reduction practices for leading consultancies, managing several global transformation programmes for major European universal banks. He previously worked five years for AlixPartners, and for over seven years for Roland Berger and Oliver Wyman.
Commenting on the appointments, Alvarez III said, “French corporates are facing disruptive challenges combined with increasing costs and regulations. We are seeing more corporates needing to develop and rapidly implement complex transformation agendas and streamline their organisations. Philippe’s recognised expertise as a former CEO of leading banks will be a key asset to position A&M as a top tier advisory firm with a unique value proposition leveraging our restructuring DNA.”
Dupont added; “A&M’s operational focus and hands-on senior leadership offers a differentiated way of providing support to chief experience officers (CXO) who are seeking new ways to transform. The A&M business model aligns with my own view that clients are expecting from external advisors a more disruptive approach and rapid results to ensure sustainable business growth. I was impressed by the ambition and entrepreneurial mindset of the firm and I am incredibly excited to be joining A&M at this key point in time.”
According to French newspaper LesEchos, Alvarez & Marsal is growing strongly in France. The consultancy has tripled its footprint in the country in recent years to a team of some 40 consultants in France and 70 including other French speaking teams in Belgium and Luxembourg.
