Daily News: July 15, 2013

A&M Hires Two Directors in Beijing

Alvarez & Marsal announced two new director hires in Beijing in Yansong Xue and Bing Liu. These senior hires mark the second round of appointments in the last six months as part of A&M’s broader Asian expansion plans to meet the growing demand for turnaround and performance improvement solutions in the region.

Xue’s areas of expertise include corporate finance, enterprise and capital budgeting, working capital management, financial and cost control and performance measurement. He has more than 14 years’ experience in finance positions across a range of industries at companies such as P&G, Lucent Technologies and Whirlpool.

Liu has more than 20 years’ experience in general management, operations and supply chain management in the technology, wireless and telecommunications and consumer electronics sectors across the Americas, Europe and Asia. He previously held roles at Lucent Technologies, Motorola and Thomson. His primary areas of concentration are operational restructuring, supply chain optimization, performance improvement and post-merger integration.

“Xue and Liu bring with them a wealth of valuable financial and operations experience across the TMT, manufacturing and consumer products space,” said Oliver Stratton, managing director and co-head of A&M Asia. “The slowdown in economic growth, coupled with growing competition and more sophisticated consumers, has resulted in an increasing number of companies needing to introduce new skills and approaches and focus on managing performance. Xue’s and Liu’s first-hand experience of driving performance improvement and turnaround at companies in the region and globally add substantially to the solutions that A&M can provide to our private equity and corporate clients across the region.”

Prior to A&M, Xue served as CFO at a 10 billion RMB car dealership group in Northern China, Sony Ericsson Mobile Communications China and Ryerson China, a 2 billion RMB Sino-American JV sheet steel manufacturer.

Prior to A&M, Liu was vice president of Operations for Technicolor (Thomson), Asia Pacific region.

Alvarez & Marsal is a global professional services firm specializing in turnaround and interim management, performance improvement and business advisory services.