Alvarez & Marsal announced it has expanded its valuation services business to Europe. Building upon A&M’s success in the U.S., where it has established valuation teams in 10 cities in the past two years, the firm has appointed Kleon Phili as a managing director to launch its European valuation services practice.

Phili will be based in London with the goal of expanding the service to other key European geographies. The launch enhances A&M’s growing European business and augments the firm’s existing valuation capability in the U.S.

Phili brings more than 25 years of valuation experience serving multinational companies, private equity firms, their portfolio companies and private companies. His experience covers multiple industry sectors, including telecoms, technology, consumer and manufacturing. His work has spanned engagements requiring valuations for M&A, financial reporting, tax, transaction opinions and dispute purposes.

Prior to joining A&M, Phili served as executive vice president, global segment leader of Financial Advisory and executive committee member at Duff & Phelps, the global valuation and corporate advisory firm. During his tenure at Duff & Phelps, Phili launched both its European and Asian operations across six different countries. Previously, he was a managing director with Standard & Poor’s Corporate Value Consulting practice, where he focused on advising large foreign multinationals listed on U.S. exchanges. Phili began his valuation career at PricewaterhouseCoopers where he served as a key Financial Advisory Services partner on some of the firm’s largest clients.

John O’Neill, practice leader for A&M’s Valuation Services, said “Europe is the next logical step in our evolution. A&M’s unique insight into companies, often through collaboration with our restructuring, operational and financial colleagues, makes us well-positioned to address the complex valuation issues at play here. We are thrilled to have Kleon join us, particularly given his prior international experience, as we enhance A&M’s valuation service offering and footprint in lockstep with the firm’s global expansion.”