David Hicks Joins Alvarez Marsal as Financial Crime Lead

What's Happening?

Alvarez & Marsal has appointed David Hicks to lead its financial crime practice and serve as global co-leader of disputes and investigations. Hicks brings over 30 years of experience in advising firms on financial crime and regulatory matters, including fraud, bribery, corruption, and money laundering. Previously, Hicks was a partner at KPMG, where he led global financial crime transformation and forensic services. His appointment is part of Alvarez & Marsal's strategy to expand its disputes and investigations practice, which has seen recent growth with the addition of key experts.

Why It's Important?

The hiring of David Hicks underscores Alvarez & Marsal's commitment to strengthening its financial crime services amid increasing client demand. Hicks' expertise in financial crime and regulatory matters is expected to enhance the firm's ability to address complex challenges faced by clients. Alvarez & Marsal's focus on developing its financial crime forensic practice, including the use of technology and AI, positions the firm to effectively serve its clients and disrupt the global forensic consulting market. Hicks' leadership is anticipated to drive the firm's ambitious growth targets over the next few years.

What's Next?

With Hicks at the helm, Alvarez & Marsal plans to significantly expand its financial crime practice by hiring industry experts and leveraging technology to better serve clients. The firm aims to disrupt the forensic consulting market and achieve substantial growth through strategic investments in talent and technology. Hicks' collaboration with Jerry Dent, co-leader of disputes and investigations, is expected to shape the future of Alvarez & Marsal's practice and enhance its global capabilities.