Alvarez & Marsal opens Shanghai office as prospects look strong
The incredible growth experienced by many mainland companies over the past decade has attracted many global firms eager to get in on the action.
From managers of overseas equity funds looking to invest, to top business minds willing to relocate, the mainland's prosperity is a magnet for many, including New York-based restructuring and turnaround specialist firm Alvarez & Marsal.
The company helps firms improve efficiencies and gets them back on track.
The company has been increasing its presence in Asia. It acquired Hong Kong-based advisory services specialist RSM Nelson Wheeler and that company's Singapore office in July 2005.
Alvarez & Marcel Asia underwent a restructuring last month to consolidate its core businesses and also set up a Shanghai office to increase its mainland presence.