What's Happening?
David Hicks has joined Alvarez & Marsal (A&M) as the financial crime lead, bringing over 30 years of experience in advising firms on financial crime and regulatory matters. Hicks will also serve as the global co-leader of disputes and investigations alongside Jerry Dent. His appointment is part of A&M's strategic expansion of its disputes and investigations practice, which aims to enhance its anti-financial crime services. Hicks previously held leadership roles at KPMG, where he oversaw a team of 4,000 in global financial crime transformation and forensic services.
Why It's Important?
Hicks' appointment is significant for A&M as it seeks to strengthen its position in the global forensic consulting market. His expertise in financial crime and regulatory issues is expected to drive the firm's ambitious growth targets over the next few years. The move reflects the increasing demand for financial crime advisory services, as firms face complex challenges related to fraud, corruption, and money laundering. A&M's focus on hiring top industry experts and deploying advanced technology, including AI, underscores its commitment to providing comprehensive solutions to its clients.
What's Next?
A&M plans to continue its expansion by investing in key industry experts and technology to enhance its financial crime forensic practice. Hicks' leadership is expected to play a crucial role in shaping the future of the firm's disputes and investigations services. The firm aims to disrupt the global forensic consulting market by offering efficient services without audit conflicts. As A&M pursues its growth strategy, it will likely attract more clients seeking specialized financial crime advisory services.
