Alvarez & Marsal Plans Australian Expansion as Rising Rates Bite

US advisory firm Alvarez & Marsal Inc. plans to expand its Australian headcount by more than half amid expectations that rising interest rates and subdued economic growth will drive more companies into financial difficulties.

“We know with interest rate rises, there’s probably going to be stress,” said David Willis, a managing director with A&M’s Global Transaction Advisory Group, in an interview in Sydney. “We know that the banks don’t necessarily want to deal in receivership and they’d prefer to see someone in the work-out business.”

David Willis

Source: A&M

A&M is seeking to employ 500 people across three business lines - financial ...