Alvarez & Marsal to Bring Unique Approach to Saudi Market with Launch of Regional Headquarters
RIYADH: The global consulting firm Alvarez & Marsal is gearing up to introduce its distinct, unbiased, and action-oriented approach to the Saudi Arabian market following the unveiling of its regional headquarters, as revealed by a top official.
James Dervin, managing director of A&M in the Middle East and co-head in the region, emphasized that this strategic move aims to strengthen the company’s foothold in the region and demonstrates its commitment to long-term growth and transformation in the Saudi market.
Strategic Vision in the Saudi Market
Dervin described A&M’s strategic vision in the Saudi market as straightforward, with the goal of bringing the firm’s differentiated and non-conflicted execution-focused proposition to a market experiencing a surge in demand for the translation of strategy into action and results.
Natural Progression
With a strong growth trajectory witnessed across A&M’s team and service areas in Saudi Arabia, the establishment of a regional headquarters was a natural progression for the company, according to Dervin.
Market Trends and Competition
In response to Saudi Arabia’s decision to award deals only to foreign companies with Middle East bases within the country starting from January 1, 2024, A&M is positioning itself to stand out in a competitive market with its action-oriented approach, Dervin highlighted.
Service Offerings and Expertise
A&M’s suite of services covers restructuring, turnaround, performance improvement, and more to address a wide range of business needs in Saudi Arabia. Dervin emphasized the company’s ability to provide advisory or executive support, including taking on management roles like chief revenue officer and chief financial officer, setting it apart from competitors.
Supporting Vision 2030
Aligned with Vision 2030, A&M is committed to supporting Saudi youth employment programs and youth development initiatives like the Bidayah Graduate Program, aiming to play a meaningful role in the personal and career development of young Saudis.
Empowering Saudi Graduates
Looking ahead, A&M plans to empower Saudi graduates through partnerships with local universities and educational institutions to equip them with the necessary skills and knowledge for a successful career and contribute to the development of the next generation of Saudi business leaders.
Future Growth and Success
As A&M expands its presence in Saudi Arabia, Dervin stressed the vital role of young Saudi professionals in driving the company’s growth and success, highlighting the bright future ahead for the growing Saudi Arabian office.
More than 180 major global companies and organizations have already established regional headquarters in the Saudi capital, including tech giants like Apple, Microsoft, and Alibaba, as well as institutions like the IMF, IBM, and Google.