Alvarez & Marsal bolsters EMEA digital services offering in Spain with former EY professionals

Posted Monday, January 17th 2022
Alvarez & Marsal bolsters EMEA digital services offering in Spain with former EY professionals

Multinational professional service firm Alvarez & Marsal (A&M) has appointed eight new managing directors in Spain to expand its digital services offerings in its financial institutions, risk and regulatory, transaction and performance improvement practice groups.

The new team of Madrid-based managing directors, led by Arturo Derteano, includes Jordi Flores, Pablo Palma, Julio San Jose, José Luis García Ortega, Pablo Sainz, Ventura Palmerola and Manuel Pingarrón. They will advise A&M’s financial institution clients across EMEA on revenue generation opportunities and new business models using disruptive technologies such as blockchain and cryptocurrencies. The team has experience creating a behavioral economics unit at a leading Spanish bank, developing a blockchain platform for a global asset manager’s fund distribution, digitizing processes of a leading digital bank and generating revenues of more than €2bn for global banks.

A&M Spain has also hired 50 new digital services professionals to work with the eight new managing directors. All the new joiners come from Ernst & Young and are part of a joint initiative between A&M’s financial services practice, led by Fernando de la Mora, managing director and head of Alvarez & Marsal Spain and Portugal, and Jean Laurent Poitou, managing director with Alvarez & Marsal in Paris heading EMEA Digital Services. These hires advance A&M Spain’s growth strategy, revenue generation, and digital transformation approach.

Mr. de la Mora said: "A&M Spain’s expanded headcount and office space is in direct response to the market’s needs. The addition of these highly experienced professionals further integrates our financial services capabilities with our new digital services offering. As companies face on-going digitalization challenges, Arturo and his new team augment our ability to harness powerful disruptive technologies that will help clients manage structural transformation, maximize value and drive change."

Mr. Derteano, said: "A&M’s legacy of operational excellence helps clients turn challenges into business opportunities. Overlaying the firm’s operational heritage with new perspectives, derived from using new technologies, allows us to develop solutions rooted in in-depth industry knowledge, the end customer’s needs and priorities and digitalization know-how."

Mr. Poitou said: "Many of Spain’s financial institutions, along with businesses across EMEA, have struggled to deploy and realize the full benefit of digital technologies. The hiring of Arturo and the new team further reinforces the execution of A&M’s strategy bringing operators, consultants, data scientists, and data engineers, together with pure-play digital talent for a differentiated offering that creates long-term success for clients. This team allows A&M to provide their differentiated and immediately revenue accretive offerings benefitting EMEA-based businesses.”