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Alvarez & Marsal was founded in 1983 by Tony Alvarez II, former Coopers & Lybrand workout specialist and Bryan Marsal, a former Citibank workout banker, after the two met and worked together at Norton Simon Inc.
In 1999, A&M made the decision to grow into a national restructuring firm.
Lehman Brothers filed for bankruptcy in 2008 and A&M was chosen to lead Lehman’s global wind-down.
By 2012, Lehman Brothers emerged from the largest bankruptcy in United States history and began to repay creditors.
By 2013, Alvarez & Marsal had grown to over 3000 personnel working from 55 offices around the world.
In 2017, the firm made its entry into the Nordics and appointed leading industry professionals from KPMG including the former Head of Valuation Services for KPMG Sweden and the former CEO of KPMG Sweden and Head of its Financial Advisory Services practice.
In September 2018, A&M opened in the Cayman Islands, complementing the firm’s ability to work on restructuring engagements in parallel tracks with the United States, U.K., Europe and Hong Kong.
In 2018, A&M bolstered its global Transaction Advisory Services capability with the appointment of new leadership in Paris, expanding the firm’s cross-border M&A offering.
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| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Boston Consulting Group | 1963 | $7.5B | 22,000 | 196 |
| Bain & Company | 1973 | $4.5B | 10,500 | 102 |
| CIT Group | 1908 | $2.3B | 3,678 | - |
| Legg Mason | 1899 | $2.9B | 3,059 | - |
| Morgan Stanley | 1935 | $3.0B | 68,097 | 1,007 |
| Warburg Pincus | 1966 | $2.1B | 500 | 2 |
| Citi | 1812 | $74.3B | 210,000 | 893 |
| CME Group | 1848 | $6.1B | 4,500 | 46 |
| Apollo Global Management | 1990 | $3.6B | 1,600 | 55 |
| KKR & Co. L.P. | 1976 | $21.9B | 1,600 | 36 |
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Alvarez & Marsal may also be known as or be related to Alvarez & Marsal, Alvarez & Marsal Asia Ltd., Alvarez & Marsal Corporate Performance Improvement, LLC, Alvarez & Marsal Holdings LLC, Alvarez & Marsal LLC and Alvarez and Marsal.