International restructuring consulting firm Alvarez & Marsal (A&M) has opened a new office in Calgary, Canada. Managing Director of the office will be Tim Reid, who makes a switch after 20 years from counterpart KPMG. Orest Konowalchuk, Senior Manager at Ernst & Young, will also serve as Director at A&M. After Toronto and Vancouver, Calgary will be the third office of the consulting firm in Canada.
“Alvarez & Marsal is experiencing a very strong demand for our restructuring, corporate finance, and business advisory services in Canada,” said Douglas McIntosh, Managing Director of Alvarez & Marsal Canada. “Having served clients in Western Canada for some time, opening an office in Calgary was a natural next step.” About the new consultants he said: “Both Tim and Orest are outstanding practitioners and highly respected professionals in this market, with strong track records of providing clients with measurable results. We are delighted to welcome them to our dynamic, growing team.”