Alvarez & Marsal Expands Presence in Latin America with Opening of Mexico Office

NEW YORK--(BUSINESS WIRE)--Alvarez & Marsal, a leading independent global professional services firm specializing in performance improvement, turnaround management and business advisory services, has expanded its presence in Latin America with the opening of a Mexico office. Arturo D'Acosta Ruiz, chairman of the Mexican Stock Exchange's New Listing Committee, has joined the firm as a managing director and head of Alvarez & Marsal Mexico.

“As the second largest economy in Latin America, the opening of a Mexico office represents a significant step in the firm's Latin American strategy”

The addition of a Mexico office represents Alvarez & Marsal’s third Latin American office, having successfully established a strong presence in Brazil and Colombia in connection with several major engagements with companies in the textile, real estate and airline industries, including the high-profile restructuring of Varig, Brazil’s national airline. The firm now has more than 50 Latin American-based professionals focusing on restructuring, performance improvement and private equity services.

"As the second largest economy in Latin America, the opening of a Mexico office represents a significant step in the firm's Latin American strategy," said Tony Alvarez II, co-CEO of Alvarez & Marsal. "The firm has long recognized the potential of the region and is committed to continuing to build its presence both in Mexico and throughout Latin America.”

"Mexico is becoming an increasingly important hub for regional and international business,” said Mr. D’Acosta. "My experience and leadership in Mexico coupled with A&M’s existing Latin American footprint will provide a powerful combination for our clients in Mexico as well as companies looking to do business in the region.”

With more than 25 years of experience, Mr. D’Acosta’s expertise includes debt placement and restructuring, operational and performance improvement, corporate governance, strategic planning, raising private and public equity and mergers and acquisitions. In addition to his role at A&M, he currently serves as chairman of the Mexican Stock Exchange's New Listing Committee and as an independent board member and chairman of the Auditing & Compensations Committee for NASOFT (North American Software), a leading IT company in Mexico.

Previously, Mr. D'Acosta was a senior partner with D'Acosta & Asociados S. de R.L. de C.V., a financial advisory firm, where he designed and successfully implemented a debt restructuring plan for a family-owned aluminum manufacturing company, managed a debt restructuring process for a construction company encountering a strong sales decline in the Mexican market and designed and implemented a business plan for a leading food company. Earlier in his career, he served as CFO for Grupo Industrial Saltillo, a holding company with operations in construction products and automotive products, and as CFO of DESC, S.A.B. de C.V., a Mexican holding company with operations in the petrochemical, real estate, auto-parts and food industries.

Mr. D'Acosta received a bachelor's degree in business administration from Escuela Bancaria y Comercial (EBC) in Mexico City and a master's degree in business administration from Instituto Tecnológico Autónomo de México (ITAM). He is fluent in Spanish and English.

About Alvarez & Marsal

Since 1983, Alvarez & Marsal has set the standard for working with organizations to solve complex problems, boost operating performance and maximize value for stakeholders. A leading independent global professional services firm, A&M draws on its deep operational and turnaround heritage to help companies across the industry spectrum improve operating and financial performance, and to navigate business, litigation and tax matters with speed, responsiveness and unmatched quality.

Whether serving as business advisers or in interim management roles during periods of change or transition, A&M stands for leadership, problem-solving and value creation. A&M clients range from multinational to middle-market companies around the world that are both publicly held and privately owned. With a bias toward action, implementation and results, Alvarez & Marsal professionals serve large and mid-cap private equity firms, company management and boards and other stakeholders aiming to drive sustainable results up and down the balance sheet.

A founder of the modern day restructuring industry, Alvarez & Marsal has been honored numerous times by the Turnaround Management Association and has been recognized as one of the Best Firms to Work For by Consulting magazine.

For more information, visit www.alvarezandmarsal.com.