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Global professional services firm Alvarez & Marsal, has strengthened its Valuation Services offering in the UK with the appointment of Martin Drummond, who joins as a Managing Director. Drummond arrives from Grant Thornton, and previously spent time at EY and KPMG earlier in his career.
With over 3,000 people across four continents, Alvarez & Marsal (A&M) is one of the world’s leading professional services firms. A&M’s diverse offering includes debt restructuring solutions, insolvency, and creditor advisory offerings for clients, as well as complex valuation and modelling services. Utilising the company’s diverse industry knowledge, asset class expertise, and overall agility, A&M’s Valuation Services wing helps clients address valuation challenges from critical investment, regulatory and strategic perspectives to assess value at the fund, portfolio and investment level.
As the firm continues to strengthen its UK team on the back of a number of senior hires last year, A&M has appointed Martin Drummond as a new Managing Director in its London office. Reflecting A&M’s continued growth at a time when business leaders are increasingly keen to tap independent advice, amid increased regulatory scrutiny, market volatility and complexity, the hire sees Drummond take up the role to work alongside Richard Bibby, who heads A&M Valuation Services in Europe.
Arriving with A&M in the latest chapter of a two-decade-long career, Drummond brings with him significant expertise in providing strategic valuation and M&A advice to the boards of blue-chip multinationals, private equity firms, high net worth individuals and owner-managed businesses. His expertise ranges from commercial and tax valuations and business modelling through to M&A pricing analyses for transactions and corporate restructurings.
Prior to joining A&M, Drummond spent the last year as a Partner at Grant Thornton. Before that, he spent more than 20 years within the Big Four, having initially been stationed with KPMG in a Corporate Finance function. He became an Associate Director at the firm, before leaving for EY, where he was latterly an Executive Director in the Valuation and Business Modelling team, working with clients such as Unilever, RB, Anheuser In-Bev and Diageo.
Commenting on his arrival, Richard Bibby, Managing Director, A&M Valuation Services, remarked, “We are very pleased to welcome Martin to A&M. Our clients are increasingly turning to advisors with deep commercial expertise and the ability to understand the dynamics of global companies from an investor perspective. Martin’s depth of experience and wide sector knowledge will be invaluable as we grow our practice here in the U.K.”
Mark McMahon, Global Practice Leader, A&M Valuation Services, said of Drummond, “At a time of increasing macro and micro uncertainty for businesses, regulatory change and the consequent impact on valuations, we are thrilled to add an accomplished professional like Martin and bring his diverse skillset to A&M. I look forward to collaborating with Martin and Richard to strengthen and build both new and existing client relationships.”
