Daily News: October 10, 2013

Alvarez & Marsal Augments Global Forensic and Disputes Team

Alvarez & Marsal announced it appointed three managing directors for its Global Forensic and Disputes Services. Dr. Andrew Hildreth and Tasneem Azad joined the London office; Dr. David Salant joined the New York practice.

“Increasingly, courts and regulators around the world are seeking — indeed, demanding — economic analysis and economic evidence in reaching judicial rulings and regulatory decisions,” said Dr. Steven Schwartz, a managing director with A&M Global Forensics and Disputes Services.

“Whether in heightened scrutiny of alleged anti-competitive behavior in the U.S., Europe, China and the rest of the world or assessing the appropriate regulatory structure for financial institutions, economics is central. Andrew, David and Tasneem are very valuable additions to our team. They are well-trained, highly-skilled economists and each of them adds tremendously to the skills and experience A&M can offer clients.”

Hildreth joins A&M from AlixPartners, a former professor of Economics at the University of California – Berkeley, and brings over 25 years of experience in economics and econometrics, having worked with a wide range of major organizations in the U.K., Europe and the U.S.

Azad joins from DotEcon, a London-based economics consultancy, and has more than 16 years of experience in applied economics, providing advice in competition and regulatory investigations and disputes in the UK and across Europe.

With more than 20 years of experience in advising firms on bid strategy and regulators, Salant specializes in auctions, game theory and industrial economics. For the past ten years, he has been an adjunct senior research scholar at Columbia Business School and an associate professor at the Toulouse School of Economics.

Andrew Hildreth, managing director, said, “Both economics and econometrics are fundamental components in competition and litigation in the United States, and Europe is moving in the same direction. Measuring economic impact, value and damages in these matters often requires sophisticated data analysis. I joined A&M as the firm has the global ability to deliver solutions for its clients’ unique situations which use the significant and diverse set of skills and experiences held by the entire firm.”

Tasneem Azad, managing director, said, “Increasingly, businesses are having to take important decisions against a backdrop of tougher competition rules and more tightly circumscribed economic regulations. They are finding that they need to obtain expert assistance to navigate the changing landscape. It is therefore an exciting time to join A&M and co-launch this practice; these appointments are a statement of A&M’s intent, to continue to grow in the area.”

David Salant, managing director, said, “The economic landscape facing businesses around the world has meant that the value of economic theory has been no more prescient than it is now. I was attracted to join A&M because of its deep experience and global presence across a broad range of sectors, meaning that it is uniquely placed to help companies solve these complex and critical issues.”