Global professional services firm Alvarez & Marsal (A&M) has launched a business unit in Southeast Asia and Australia (SEAA), headed by recently appointed Managing Director, Utsav Garg. A&M’s SEAA business unit shows the firm’s commitment to and investment in expanding its geographic footprint across APAC in response to growing market demand.
The business unit ensues from A&M’s year of double-digit global growth and incorporates multiple capabilities including Private Equity Performance Improvement, Corporate Transformation, Restructuring & Turnaround and Disputes and Investigations. SEAA represents the next phase of the firm’s APAC expansion strategy by aligning its Malaysia Singapore, Indonesia, and Australia offices and setting the foundation for one in Vietnam.
What is Garg’s industry expertise?
Mr. Garg brings over 20 years of experience in large scale transformation programs. In addition to leading the SEAA business unit, he will advise clients on sustained growth and profitability improvement across various industries, like consumer goods and retail, telecom, information and communications technology, healthcare, logistics and process industries.
Prior to joining A&M, Mr. Garg served as Managing Partner for Kearney’s Southeast Asia business across four offices. In that role, he grew the organisation’s business multi-fold in the region. And prior to that, he has also held sales and brand leadership positions with Unilever.
What were the executives’ thoughts on the appointment?
Bryan Marsal, Co-founder of Alvarez & Marsal, said, “A&M has seen growing demand from both private equity and corporates in APAC. Our SEAA business unit is the strategic extension of our presence across North Asia and India and will be critical to our growth in this expanding market. Utsav and his team will provide the unique blend of industry operator expertise and the bias towards action that A&M is known for around the world and in the region.”
Luis de Lucio, Managing Director and A&M’s Head of Emerging Markets and APAC, said, “Southeast Asia and Australia are key markets for us and pivotal to our ability to help regional and international clients solve for complex problems. Utsav’s proven track-record of delivering results dovetails with our operational heritage and driving change mindset.”
“Alongside our investment to scale up A&M’s APAC presence, Utsav’s in-depth market knowledge will bolster our integrated approach and offering across the region.”
Mr. Garg said, “Our SEAA business unit represents an exciting growth chapter. A&M’s global capabilities, legacy of operational excellence and commitment to maximizing value will help Southeast Asia and Aussie-based clients navigate challenges and seize opportunities. The firm’s history of solving for the complex problems facing corporates, boards, equity firms and gov’t agencies furthers our ability to create value across the value chain for clients.”