Faisal Shaikh and Hazim Almegren join Alvarez & Marsal

24 August 2022 Consultancy-me.com 2 min. read
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Global consulting firm Alvarez & Marsal has strengthened its senior team in the region with two new Managing Directors: Faisal Shaikh and Hazim Almegren.

Based in Dubai, Faisal Shaikh brings over 25 years of diversified investment banking and corporate finance experience to Alvarez & Marsal. Leveraging his track record in the domain, he now leads Alvarez & Marsal’s Corporate Finance practice in the Middle East.

Shaikh helms Alvarez & Marsal’s team of corporate finance and merger & acquisition consultants across its offices in Dubai, Abu Dhabi and Riyadh.

Faisal Shaikh and Hazim Almegren - Alvarez & Marsal

Shaikh gained his experience both in investment banking as well as in consulting. He most recently worked for EY as Head of M&A for Saudi Arabia, and earlier in his career he served Deloitte. In between, he spent nearly a decade at Standard Chartered Bank in Dubai and Saudi Arabia, and was a Vice President in the M&A of J.P. Morgan in Pakistan.

He also served as Chief Investment Officer and Board Member at Al-Dabbagh Group, a multi-billion-dollar diversified family conglomerate.

At Alvarez & Marsal, Shaikh’s main areas of concentration are mergers and acquisitions, capital markets, strategy, project finance, joint ventures, structured finance and privatisations.

Based in Riyadh, Hazim Almegren joins Alvarez & Marsal with 25 years of experience advising corporates and small- and mid-size enterprise banking clients. Prior to the consultancy, Almegren spent 13 years with Bank Al Jazira, serving most recently as Head of Corporate & Institutional Banking.  Under his management, his department income grew from SAR 80 million to SAR 540 million and fee-based profits grew by 35 percent.

Previously, he was a board member of the Saudi Credit Bureau and worked with GIB Corporate banking and SAMBA, both in Saudi Arabia.

At Alvarez & Marsal, Almegren is a member of the Financial Services practice, focused on both corporate and mid-sized banking clients.

Paul Gilbert and James Dervin, Co-Heads of Alvarez & Marsal in the Middle East, said: “Faisal’s and Hazim’s experience and expertise will make a huge difference and further add to the already unique capabilities that Alvarez & Marsal can bring to our clients.”

Alvarez & Marsal has around 120 staff in the Middle East. The firm aims to double its team by the end of 2023.