- Appoints new Managing Director, Tjeerd Groot
- Expands presence in Western Australia surpassing 20 full-time local employees
- Opens new Perth office in iconic Newspaper House on St Georges Terrace
PERTH, AUSTRALIA, April 22, 2024 – Leading global professional services firm Alvarez & Marsal (A&M) is pleased to announce the appointment of Tjeerd Groot as a Managing Director to lead A&M's energy & resources sector offering in Perth.
Mr. Groot's appointment coincides with a significant expansion of A&M's Western Australia presence and the opening of a new Perth office in the iconic Newspaper House on St Georges Terrace. These developments highlight A&M's significant regional growth since its ANZ business commenced in 2022. Perth continues to be an important part of A&M's ANZ business, contributing over one third of national revenues since inception. A&M's Perth team now surpasses 20 full-time local employees with expertise across all of A&M's core business offerings: Corporate Performance Improvement, Global Transaction Advisory, Global Restructuring & Turnaround, Disputes and Investigations and Infrastructure & Capital Projects."
Igor Sadimenko, Managing Director and Country Head for Performance Improvement, commented, "We have seen tremendous client momentum across all our business lines in Australia. A&M's rapid expansion in the West aligns with A&M's Australian growth strategy, while advancing the firm's regional capabilities and bolstering our ability to help our clients drive change. It is a further demonstration of our long-term commitment to Australia."
Mr. Groot is the fifth Managing Director to join A&M's Perth office since its establishment in 2022. He brings nearly 20 years of experience predominantly advising energy and mining clients.
Nick Reid, Managing Director and Head of A&M's Perth office, noted, "We're delighted to have someone of Tjeerd's caliber join our team. His vast experience delivering strategic corporate performance improvement programs and large-scale transformations positions us well to help our clients boost their performance and successfully navigate the energy transition.
"As a leading energy & resources sector consultant, Tjeerd's combined consulting and industry expertise synchs with A&M's operational approach and results-oriented mindset. His appointment furthers our ability to leverage our integrated platform to drive change for our Western Australia clients across multiple industries."
Mr. Groot commented, "A&M's entrepreneurial culture and commitment to solving complex organisational problems dovetails with my background. The firm's global network of boots-on-the-ground professionals and strong bottom-line driven approach to implementing corporate and operational performance improvements are key market differentiators that provide a powerful means for helping my clients achieve their performance goals."
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