Alvarez & Marsal (A&M)
Independent global professional-services firm providing turnaround management, restructuring, performance improvement and tax advisory without audit conflicts.
alvarezandmarsal.comAlvarez & Marsal is a privately held professional-services firm founded in 1983. Its restructuring heritage is central to a platform serving companies, boards, creditors, private-equity firms, law firms and governments.
The firm combines operational and financial restructuring, interim management, performance improvement, corporate finance and an independent global tax practice. Its restructuring tax team advises debtors, creditors and acquirers in complex transactions.
Principal activities
Financial and operational restructuring, cash management and stakeholder negotiations.
CRO, CFO and other executive roles alongside rapid performance improvement.
Corporate, transaction and restructuring tax advice delivered independently of an audit practice.
- Typical clients: Companies, boards, lenders, creditor groups, financial sponsors, investors, legal advisers or public-sector stakeholders.
- Engagement context: Financial distress, operational underperformance, liquidity pressure, complex capital structures or other high-stakes transitions.
Alvarez & Marsal (A&M) operates in assignments where time, liquidity, stakeholder alignment and execution discipline can materially affect enterprise value and recoveries. Its published capabilities emphasize restructuring, performance improvement and tax advisory. View the firm’s website ↗
Sector and mandate coverage
- Industrials
- Consumer and retail
- Energy
- Healthcare
- Financial services
- Technology
- In-court restructuring
- Out-of-court restructuring
- Turnaround plans
- Interim management
- Restructuring tax
- Distressed transactions
The exact role varies by engagement. An adviser may work for a company, board, creditor constituency, sponsor, investor, court-appointed estate or another stakeholder, and may coordinate with legal, tax, operational and industry specialists.
Market position
Alvarez & Marsal (A&M) is positioned as a global professional-services and turnaround firm. Its market position reflects the combination of advisory scope, senior involvement, stakeholder credibility, restructuring experience and ability to support implementation.
Distinctive focus: Operator-led restructuring and implementation supported by a global tax and performance-improvement platform.
Competitive context
Alvarez & Marsal (A&M) competes with restructuring boutiques, investment-banking advisers, turnaround consultants and multidisciplinary expert-services firms. The relevant peer set changes according to mandate size, stakeholder side, industry, geography and whether the work requires operating leadership, regulated securities activity or formal fiduciary appointments.
Comparable firms are selected according to overlap in business model, client segment, service coverage, geographic activity and mandate profile. Inclusion does not imply an exhaustive competitor set or an equivalence in scale, ranking or market position.
Leadership
| Person | Current position | Institutional background |
|---|---|---|
| Bryan P. Marsal | Co-Founder and Co-Chief Executive Officer | Firm leadership and restructuring heritage |
| Ernesto Perez | Global Practice Leader, A&M Tax | Global tax advisory leadership |
| Howard Steinberg | Head of Global Restructuring Tax Services | Tax advice for debtors, creditors and distressed transactions |
Leadership information reflects the roles presented in the public sources reviewed on 20 August 2026. View the current team ↗
Corporate and regulatory information
A&M operates through regional legal entities and specialist affiliates. Advisory, tax and securities-related activities are subject to the rules applicable to the relevant entity and jurisdiction.
View registered-entity details
| Parent organization | Alvarez & Marsal Holdings, LLC |
| Tax practice | Alvarez & Marsal Tax |
| Regulatory status | Jurisdiction- and service-specific |
| Registration identifier | N/A |
| Primary jurisdiction | United States |
Principal offices
- New York
- London
- Paris
- Munich
- Dubai
- Riyadh
- Hong Kong
- Singapore
- Sydney
- Toronto
- São Paulo
Rankings and recognition
Ranking inclusion is editorially determined. The existence or maintenance of a Wiki profile does not influence ranking eligibility, tier or position.
Related institutions and subjects
Sources and data transparency
The following sources were accessed on 20 August 2026:
- Restructuring & Turnaround — restructuring and turnaround capabilities.
- About A&M — history, ownership and global scale.
- Restructuring Tax appointment — tax-practice scope and leadership.
- Advisory Ranking — Top 20 Restructuring & Special Situations Advisory 2026 inclusion and tier classification.
- Advisory Ranking — Top 20 Corporate Tax Advisory 2026 inclusion and tier classification.
