Faisal Shaikh and Hazim Almegren join Alvarez & Marsal

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.

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.