Firm opens new city office to help businesses navigate economic uncertainty

Global professional services firm Alvarez & Marsal (A&M) has chosen Leeds as its third key location for regional office expansion in the UK, supporting business leaders in Yorkshire and the North East.

The new office is temporarily located on Park Road in the city centre, with the firm’s team now in the process of finalising a permanent base nearby.

The Leeds-based staff complement currently comprises six practitioners with further appointments to be announced shortly. They will be led by former KPMG restructuring partner Jonny Marston, who joins A&M as a Managing Director.

Marston has nearly 20 years of experience helping a range of firms in the area from commercial solutions to operational and financial issues. He has advised on several high-profile turnaround projects in Yorkshire, working with local, small owner-managed SMEs, as well as big multinationals.

Lyn Vardy, who brings decades of local restructuring experience, has joined A&M’s growing Leeds operation at the same time. Previously, Vardy was a Director at PwC and was instrumental in building this company’s mid-market restructuring practice across the North and developing its new sector channels.

Marston said: “Leeds is a diverse hub for business and one of the foremost centres of fast-growing small businesses in the UK.

“But it’s important that these businesses can be proactive in delivering stakeholder value in light of a shrinking economy when margins are coming under increasing pressure. We are committed to growing a team of specialists in Leeds, from experienced advisors to graduate talent, who can advise the local market in the long-term but have the global capabilities and expertise to draw upon as needed.”

Mark Firmin, Managing Director and UK Head of Regional Restructuring at A&M, said: “The Leeds opening marks a key milestone in A&M’s regional expansion strategy, following the launch of our Manchester and Birmingham offices over the last 12 months.

“We are experiencing high demand for our services in the regional market place, given our ability to provide hands-on advice and respond quickly to clients’ needs without the constraints of audit conflicts.

“Jonny and Lyn are best placed to grow our team in the region and, with their combined local expertise and knowledge, we’re looking forward to supporting Yorkshire’s businesses in navigating a period of fundamental change.”

A&M’s offering in Leeds includes the full range of Restructuring, Turnaround and Insolvency services. The firm also applies its operational know-how to corporate performance improvement and transformation projects.

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