Alvarez & Marsal announced the opening of a Stockholm office aligned with the firm’s global expansion strategy and in response to market demand for an independent professional services firm to meet recent pan-European regulatory requirements, the firm says.
Christer Wilberg, Taus Wolfsburg and Christer Johansson join A&M’s Stockholm office as Managing Directors, with Wiberg serving as Country Leader and Transaction Advisory Leader of A&M’s Nordic operations.
The appointments of Wiberg, Wolfsberg and Johansson, all formerly partners at KPMG, augment A&M’s comprehensive offerings through reinforcing its operational heritage, fortifying its connectivity across Europe and growing the Nordic region, says the firm.
A&M’s market share continues to expand with the firm’s European practices experiencing more than 30 percent growth over the past two years.
Tony Alvarez, Managing Director and A&M’s European Practice lead, says: “The regulatory environment in the U.K., Europe and the Nordics is changing and becoming even more restrictive. New audit regulation and rotation rules are impacting the provision of non-audit services and generating greater conflicts in providing those services to clients. A&M’s platform is less restrictive. It provides an attractive model for companies demanding an independent alternative and the growing number of Big Four professionals across Europe seeking opportunities.”
Paul Aversano, Managing Director and Global Practice Leader of A&M’s Transaction Advisory Group, said, “A&M’s Nordics expansion aligns with the current landscape and demonstrates our commitment to providing a global integrated approach. The appointments of Christer Wiberg, Taus Wolfsberg and Christer Johansson, combined with ourcomplete suite of services and in-depth cross-border transaction knowledge, better enable us to help Nordic-based PE firms and corporates maximize value.”