Alvarez & Marsal appoints Haroon Ansary as Senior Director in Middle East

04 June 2018 Consultancy-me.com

Alvarez & Marsal has appointed banking and restructuring expert Haroon Ansary to the role of Senior Director in the firm’s Middle East turnaround and restructuring team.

With an extensive twenty-year background in financial restructuring, Ansary’s expertise will allow him to support Alvarez & Marsal’s local clients in a period of considerable uncertainty in the region due to commodity squeezes, geopolitics and economic reforms.

His vast experience includes working as a restructuring banker as well as a restructuring advisor, with the combination of banking and restructuring experience a key differentiator for A&M’s wide range of clients and other consulting firms in the region.

Prior to joining A&M, Ansary worked at PwC as a Director for almost two years, based out of the firm’s Dubai office – operating in the Big Four’s Business Restructuring Services practice with a focus on deals in Saudi Arabia. Earlier in his career, Ansary served as a Senior Manager in the areas of corporate recovery and restructuring for the firm for almost a decade.

Alvarez & Marsal appoints Haroon Ansary as Senior Director in Middle East

Following his initial stint for PwC, which was preceded by a Corporate Finance Senior role with Grant Thornton, Ansary served as a Director for Dutch bank ABN AMRO, before moving to the Royal Bank of Scotland for six years, most latterly as a Director in its Capital Resolution Group in London and earlier as a Director in the bank’s Global Restructuring Group.

The new appointment sees Ansary take on the role of Senior Director in A&M’s Middle East turnaround and restructuring team – working out of the firm’s Dubai office, with the firm saying that the appointment reflects both its own growth in the region as well as the growing opportunity and appetite in the market for experienced and astute professionals.

Commenting on the appointment, Neil Hayward, Managing Director and A&M’s Middle East Office Co-Head, said, “Having Haroon join the A&M Middle East team will undoubtedly accelerate the already impressive growth that we are experiencing in the region. Appointing an experienced practitioner truly highlights the importance of the services that A&M offers not only regionally, but also internationally. We are delighted to welcome him on board and look forward to working with our clients on a wide range of opportunities.”

Ansary holds a bachelor of Arts in Accounting and Finance from The Manchester Metropolitan University, and is a fellow of the Chartered Association of Certified Accountants. Recently, Alvarez & Marsal appointed another Senior Director, Pietro Castronovo, for its local Private Equity and Principal Investments practice in the Middle East.

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

16 April 2019 Consultancy-me.com

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 Leanin.org, 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.