Alvarez & Marsal adds Ghazanfar Shah to Disputes & Investigations practice

01 August 2018

The Middle East arm of professional services firm Alvarez & Marsal has appointed Ghazanfar Shah as Senior Director in its regional Disputes and Investigations practice.

Shah brings over 17 years of multijurisdictional investigative experience to Alvarez & Marsal’s (A&M) Middle Eastern Disputes and Investigations practice, crossing to the firm’s Dubai office in March after a seven-year stint with Big Four giant Deloitte, where he served as Director – Forensic Investigations, Fraud Prevention & Risk Mitigation.

Prior to his employment with Deloitte in the Emirates, Shah served as a Director and Executive Director for the Washington DC chapter of the Association of Certified Fraud Examiners (ACFE), before which he had developed his consulting career during periods of employment with Navigant, an earlier stint with Deloitte, and initially PwC back in 1998.

Shah has led many complex and high-profile FCPA investigations during his career as a forensic investigator (the Foreign Corrupt Practices Act of the US concerns accounting transparency and the bribery of foreign officials), with cases spanning the globe and a client base which includes government agencies, sovereign wealth funds, real estate developers and multi-national conglomerates.Alvarez & Marsal adds Ghazanfar Shah to Middle East Disputes & Investigations practiceA&M Managing Director and head of the firm’s Disputes and Investigations practice in the Middle East, James Daniell, said of the appointment; "Ghazanfar joins A&M as a seasoned professional who creates informed solutions that help clients maximise value. His appointment demonstrates our continued commitment to providing our valued clients with solutions rooted in experience and expertise. We welcome Ghazanfar to the firm and look forward to further expanding our presence, both in the region and globally.”

Ghazanfar’s recruitment marks the continuation of A&M’s expansion in the MENA region, with several key personnel hires in recent months bolstering the firm’s local expertise. Last month, ex-PwC banking and restructuring expert Haroon Ansary was appointed as a Senior Director in the firm’s Turnaround and Restructuring team, while in May Pietro Castronovo joined from Bain & Company as a Senior Director in the Private Equity and Principal Investments practice.

The ongoing pick-ups follow the appointments of the firm’s Middle East Managing Directors and Co-Heads over the past two years, with former Bain and McKinsey management consultant and leading local fintech proponent Saeeda Jaffar added in 2016, joined last year by ex-PwC Partner and restructuring expert Neil Hayward. Disputes & Investigations head Daniell was likewise promoted to Managing Director last year.

Carlos Ghosn's daughters get their career starts in strategy consulting

16 April 2019

With the Ghosn affair taking yet another twist, this time concerning allegations in Oman, the world’s media remains gripped.

A highly celebrated figure in Lebanon, the case of ex-Nissan and now ex-Renault head Carlos Ghosn has captivated the media round the world, with his re-arrest and detainment in Japan on further embezzlement charges last week – this time concerning allegations in Oman – delivering the latest twist in the saga. For his part, Ghosn continues to deny the charges, labeling the latest allegations of financial impropriety as “outrageous and arbitrary”.

Much of the media fascination stems from Ghosn’s remarkable story. Born to Lebanese immigrants in Brazil, Ghosn spent much of his youth in Lebanon before moving to Paris to pursue an engineering degree – and in almost no time arriving at the very top of the global automotive industry as a feted turn-around specialist, having rescued both Renault and Nissan from probable ruin. The other factor; a cultivated lifestyle of celebrity glamour.

Front and centre in that image was Ghosn’s young family, including a son Anthony and three daughters – Caroline, Maya and Nadine – who have all grown into their own spotlight in the international business and entrepreneurial worlds. And in line with that A-list background, all three of his daughters got their career starts at the crème de la crème of the strategy and management consulting world; prestigious MBB firms McKinsey & Company and BCG.The Ghosn family affair with the international consulting sector  The eldest Ghosn daughter, Caroline, joined McKinsey in 2007 following a BA in International Relations at Stamford University – before founding professional career network Levo in 2011 with three of her McKinsey associates. Her husband, Nicholas Flanders, CEO and co-founder of carbon reduction tech-company Opus 12, (and former COO of Levo), is likewise an alumnus of McKinsey – serving for three and a half years alongside Ghosn in the firm’s New York office.

Carlos Ghosn’s second daughter got her start at Boston Consulting Group.  A regonised name in luxury fashion as the founder and creative director of Nadine Ghosn Fine Jewelry, her brand counts and Beyoncé and the recently deceased fashion icon Karl Largerfeld among its celebrity clientele. At BCG, Nadine, who also graduated Stamford, served as an associate in the firm’s luxury and consumer goods practice before joining a management programme at Hermès.

Like her eldest sister, Ghosn’s youngest daughter Maya joined McKinsey’s New York office – spending over three years there as an engagement manager before departing in 2016. Maya is now Manager, Housing Affordability for the Chan-Zuckerberg Initiative, founded by Mark Zuckerberg and Pricilla Chan to promote social equality. Incidentally, Facebook’s Sheryl Sandberg, a former McKinsey consultant, has been a mentor to Caroline and also founded, where Maya first started out as an intern.

Carlos Ghosn’s son Anthony – who has now been embroiled in his father’s affair with accusations of money being funneled via Oman toward his financial services start-up, Shogun (where he is CEO but has not been accused of any direct involvement) – didn’t get his break at an MBB, but his step-brother, Anthony Marshi, the son of Carlos Ghosn’s second wife Carole Nahas, is a partner with BCG in New York according to French newspaper Le Figaro.