Alvarez & Marsal Expands in Asia; Alvarez & Marsal Hires World-Class Professionals From RSM Nelson Wheeler's Regional Corporate Advisory Services Business in Hong Kong and Singapore.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Alvarez & Marsal, one of the world's premier professional services (job) professional services - A department of a supplier providing consultancy and programming manpower for the supplier's products. firms specializing in operational and financial turnaround management and restructuring, today announced that Cos Borrelli, Kelvin Flynn, and Neill Poole will be joining the firm as Managing Directors and will form the core leadership team for Alvarez & Marsal Asia Limited. The trio will also be joined by their entire 80 strong team formerly of RSM RSM (in Britain) regimental sergeant major Nelson Wheeler Corporate Advisory Services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal Limited ('RSMNW CASL') from offices based in Hong Kong Hong Kong (hŏng kŏng), Mandarin Xianggang, special administrative region of China, formerly a British crown colony (2005 est. pop. 6,899,000), land area 422 sq mi (1,092 sq km), adjacent to Guangdong prov. and Singapore. RSMNW CASL CASL Compact Application Solution Language (Feras Information Technologies) CASL Capital Area Soccer League (Raleigh, NC) CASL Chartered Advisor for Senior Living CASL Crosstalk Application Scripting Language is one of the region's leading corporate recovery and restructuring, insolvency, forensic accounting Forensic accounting, sometimes called investigative accounting, involves the application of accounting concepts and techniques to legal problems. Forensic accountants investigate and document financial Fraud and white-collar crimes and advisory firms. Established for more than ten years in Asia, the team has extensive advisory experience across Hong Kong, Singapore, China, Japan, Korea, Philippines, Taiwan, Malaysia and Thailand. It has successfully worked on some of the region's high-profile corporate distress and dispute situations and has a proven track record in establishing, negotiating and delivering restructuring arrangements and provision of forensic accounting and expert witness testimony across a wide range of industries. Alvarez & Marsal, founded in 1983, is a leader in providing turnaround and interim management, corporate and creditor advisory services in the US and Europe. This major expansion in Asia provides the firm with comprehensive global coverage and gives clients access to experienced resources on a global basis. Tony Alvarez This article is about the Major League Baseball center fielder. For the Australian actor, see Tony Alvarez (actor). Antonio Enrique Álvarez [AL-vah-rez] (born May 10, 1979 in Caracas, Venezuela), is a Major League Baseball center fielder and right-handed , Co-founder of Alvarez & Marsal, commented, "It is clear that the appetite for independent and experienced turnaround management services in Asia is set to grow strongly, and Alvarez & Marsal is now well suited to meet these emerging needs. Our decision to bring on such a highly recognized and experienced leadership group such as Kelvin, Cos, Neill and their team provides Alvarez & Marsal with a unique opportunity to position ourselves as the global leader in this area." Alvarez & Marsal's expansion into Asia reflects a change in the market place for insolvency and restructuring services and, in particular the increasing conflicts arising from Sarbanes-Oxley legislation requirements for greater corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. and independence. Asian companies are increasingly recognizing the benefit of the early intervention ear·ly intervention n. Abbr. EI A process of assessment and therapy provided to children, especially those younger than age 6, to facilitate normal cognitive and emotional development and to prevent developmental disability or delay. crisis management and profit improvement services offered by the firm. Kelvin Flynn, Managing Director added, "This strategic decision to join Alvarez & Marsal reflects our view that the traditional insolvency and restructuring business in Asia has shifted. We are more than just liquidators. Increasingly we are getting involved in turnaround and operational restructurings, and combining our local knowledge and experience with Alvarez & Marsal's service lines and global reach makes a great deal of sense for us and our clients. Cos Borrelli, Managing Director added, "Moving our operations into Alvarez & Marsal will not only increase the firm's international presence, but will enable us to better serve our US and European headquartered clients who have operations in Asia. Our clients - both corporate debtors and creditors alike - now have unparalleled access to the full range of advisory and workout services, on a global basis." Neill Poole, Managing Director added, "The tighter regulation of multi-national corporations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. and Europe is increasingly affecting companies in the Asia Pacific region. In addition, the growth in Asian markets is likely to result in more disputes between foreign and local investors and trading partners. We can see a great deal of synergy arising from the combination of our experience of assisting companies in the Asia Pacific region with their resolution of disputes and regulatory issues and Alvarez & Marsal's dispute resolution and forensic accounting experience internationally." About Alvarez & Marsal Founded in 1983, Alvarez & Marsal is a leading global professional services firm with expertise in guiding underperforming businesses through complex operational and financial challenges. The firm has been at the forefront of leading complex turnaround and restructuring initiatives with professionals based in locations across the Unites States, Europe, Asia and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. . The firm attracts and deploys senior operating and consulting talent with diverse cultural and multi-lingual backgrounds to solve problems and unlock corporate value. With a bias toward hands-on execution, Alvarez & Marsal draws on its strong operational heritage to implement solutions and deliver results for corporate and public sector organizations as well as owners, investors and stakeholders Stakeholders All parties that have an interest, financial or otherwise, in a firm-stockholders, creditors, bondholders, employees, customers, management, the community, and the government. of organizations. Through more than 500 professionals worldwide, Alvarez & Marsal delivers Turnaround Management Consulting Noun 1. management consulting - a service industry that provides advice to those in charge of running a business service industry - an industry that provides services rather than tangible objects ; Crisis and Interim Management, Profit and Performance Improvement; Creditor and Lender Advisory; Financial Advisory; Dispute Analysis and Forensic Investigations; Real Estate Advisory; Tax Advisory; and Business Consulting. For more information about Alvarez & Marsal, please visit www.alvarezandmarsal.com or contact Rebecca Baker, Chief Marketing Officer at +212.759.4433. About the Professionals Formerly With RSM Nelson Wheeler Corporate Advisory Services Limited Kelvin Flynn, Cos Borrelli and Neill Poole established The RSM Nelson Wheeler Corporate Advisory Services business in 1995. It became one of the leading specialist corporate recovery and restructuring, insolvency, forensic accounting and advisory practices in the Asia Pacific region. Its professionals have been drawn from Hong Kong, the PRC, Singapore, Malaysia, Australia, the United Kingdom, Thailand and the United States. The team has worked on numerous high-profile assignments including: --Akai - US$1 billion international liquidation The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts. A type of proceeding pursuant to federal Bankruptcy and investigation --Benpres - US$550 million debt workout --CCP - restructuring and sale of Chinese power stations --Forefront - turnaround and interim management of Scania's distributor for Greater China --GSTZ - China recovery --Hong Kong Pharmaceuticals - turnaround and debt restructuring Debt Restructuring A method used by companies with outstanding debt obligations to alter the terms of the debt agreements in order to achieve some advantage. Notes: --I-China - restructuring and asset injection --Jinro HK - "IFR's Debt Restructuring of the Year for 2004", US$3.2 billion international M&A --Seapower - restructuring --SK Global - provisional liquidation and US$900 million debt restructuring --Tai Kam Construction - transfer of Government construction licenses --Thai Petrochemical Industries - US$3.8 billion operational and debt restructuring --TRI/Celcom - US$50 million debt restructuring of Malaysia's largest mobile phone company --Wing Fai Limited - novation The substitution of a new contract for an old one. The new agreement extinguishes the rights and obligations that were in effect under the old agreement. A novation ordinarily arises when a new individual assumes an obligation to pay that was incurred by the original party of contracts and liquidation --Zhu Kuan Group - debt restructuring |
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