Alvarez & Marsal opens Swiss office, 19th in Europe

07 January 2020 4 min. read

Global professional services firm Alvarez & Marsal (A&M) has entered the Swiss consulting market with an office in Zürich, its 19th in Europe.

The move into Switzerland, a country with the second highest gross domestic product per capita in the world, builds on Alvarez & Marsal’s 'strategic growth plan' to further expand its European footprint, said Antonio Alvarez III, A&M’s leader for Europe. The firm now has 19 offices on the continent, including in the UK, France, Germany and Italy, and this year A&M plans to add a 20th operation in Geneva.

Switzerland is described by Alvarez III as a 'significant market' for the firm, given the substantial number of major Swiss businesses and international groups headquartered in the country. “It is a reaction to our clients’ local market needs, and will further enhance our ability to solve complex problems for them on a regional and cross-border basis, especially in Germany, France and Italy.”Alvarez & Marsal opens office in ZurichPaul Aversano, the Global Practice Leader of A&M’s Transaction Advisory Group, and Julian Jones, the European Practice Leader of Disputes & Investigations, added; “Our entry into Switzerland reflects the needs of our clients and demonstrates our commitment to the region.”

Three service lines

In its Swiss launch, Alvarez & Marsal has opted to kick-start with a relatively broad advisory offering, compared to the more focused launches (a single service area) it previously pursued in for instance Sweden (Stockholm office) and the UK (Birmingham office).

Sean Peyer and Patrick Schaub have both been hired to co-lead the Transaction Advisory Group practice, which supports clients with among others financial/vendor due diligence and valuations during mergers & acquisitions. Peyer previously worked 22 years for KPMG in Switzerland, latterly serving as Head of the Deal Advisory division. Schaub spent 17 years at the same Big Four firm and was most recently a partner in the Transaction Services department, a service line with Deal Advisory.

Jerry Lay has been hired from Deloitte to lead the Disputes & Investigations practice. This arm advises clients on financial crimes & investigations, cyber risk, disputes, forensics and fiduciary services. Lay spent over ten years in Deloitte’s forensic business, latterly also serving as the firm’s Life Sciences sector lead for Forensic in Switzerland. Additionally, he was the CFO of a pharmaceutical group of companies headquartered in Basel.Sean Peyer, Patrick Schaub, Jerry Lay and Frank Herrmann

The fourth Managing Director hired in Zurich is Frank Herrmann, who joined from Roland Berger in Zurich. He also previously worked 17 years for Deloitte Consulting in Zurich, Frankfurt and New York. Herrmann has been appointed head of A&M’s Swiss Healthcare and Life Sciences industry group, specialising in operating model transformation and performance improvement. 

Collectively, the quartet of leaders "bring decades of experience" to the consulting firm, said Alvarez III, “across multiple sectors including chemicals, consumer, financial services, energy, healthcare, industrial products, life sciences, manufacturing, media, pharmaceuticals, retail and technology.” He added; “We are delighted to welcome them to Alvarez & Marsal.”

Globally, US-headquartered Alvarez & Marsal has over 4,000 consultants and staff across four continents.