Daily News: March 21, 2012

Alvarez & Marsal Expands Teams in France, Asia

Alvarez & Marsal (A&M) has strengthened its team in France with the appointment of Olivier Dubois as managing director, based in the Paris office. Dubois joined A&M from CMA-CGM, the world’s third-largest container shipping company, where he was the group CFO.

Dubois brings over 30 years of experience as a financial and senior manager. He has led and turned around large and mid-size international companies based in France. He also has extensive knowledge of the construction, real estate, engineering, and oil and gas sectors. The appointment of Dubois closely follows that of Tarek Hosni, who recently joined A&M in Paris as managing director.

Dubois also brings 19 years of experience as a financial manager for long-term contract activities in real-estate development, civil and electrical engineering and contracting, oil and gas services, and shipping. As a controller and CFO, he has been involved in management, acquisition, integration and the turnaround of organizations, with a focus on strategic positioning, cash generation and maximization of shareholder value.

Before joining CMA-CGM, he was Deputy CEO of Theolia, an international developer and operator of wind energy projects. Dubois spent seven years with Technip, the French global provider in oil and gas services, and served as CFO and as a management board member. He previously spent 11 years with SPIE as CFO and Executive Director, where he structured the largest ever LMBO in France. He led the company turnaround with a focus on electricity and construction activities via a carve-out from the Schneider Electric group. Dubois started his career with Paribas, where he served in corporate finance and was a director of several companies in the paper and packaging industries. He is considered one of the LBO pioneers in France, structuring 30 transactions since 2004 and managing two private equity funds dedicated to LBOs. Dubois, a graduate of ESSEC Business School and of the Paris Political Sciences Institute (IEP), has a degree in degree in economics. He has also been an external student at the French Institute of Defense Studies.

A&M also has appointed James Dubow as a managing director and co-head of Asia. Returning to the Hong Kong office five years after he left A&M, Dubow will complement the existing leadership team and will be working closely with clients in Greater China and across Asia.

“We’re delighted that Jim is rejoining A&M. He combines the A&M action-oriented approach with great depth of experience in working with Asian companies. His first-hand experience as a CFO of a large energy company with pan-Asia operations is very relevant to many of the opportunities that we’re seeing with our clients,” said Oliver Stratton, managing director and co-head of A&M Asia.

With more than 16 years of experience leading companies and their stakeholders through periods of change, including more than a decade in Asia, Dubow has focused on increasing stakeholder value in both distressed and high-growth situations. His areas of expertise include executive management, mergers and acquisitions, capital markets, financial restructuring, operational turnarounds, post-merger integration and business plan development and evaluation. Dubow has worked across a wide range of industries including banking, healthcare, telecommunications, energy and manufacturing.

Dubow has served over the last five years as CFO of an energy company that develops and runs businesses across Asia. He assisted the company with its growth strategy following its acquisition by a private equity consortium, prepared the company for listing on the Hong Kong Stock Exchange, assisted with the 100 percent equity sale to a major state-owned corporation in China and spent the last year leading the financial function while assisting the new parent company with its strategic plans and post-merger integration. During his tenure, Dubow raised US$1.1 billion of corporate debt in addition to assisting with the project financings for many projects.

Previously, while at A&M in the U.S. and in Asia, Dubow worked with many companies in management and advisory capacities. Dubow received a bachelor’s degree in history, with an emphasis on China, from the University of California, Berkeley, and a master’s degree in business administration, with a concentration in finance, from the New York University Leonard N. Stern School of Business. Dubow is fluent in written and spoken Mandarin having studied and applied the language for more than 20 years.

A&M has been operating in Asia since 2003 and has offices in Hong Kong, Shanghai and Beijing, as well as Mumbai. In November 2011, the firm announced the opening of the Beijing office and the appointment of two senior hires, Lei Wang and Eric Wang.