By Davide Barbuscia
DUBAI (Reuters) – Turnaround and restructuring firm AlixPartners is boosting its headcount in the Middle East as corporates seek to cut costs and restructure debt amid the double shock of low oil prices and the coronavirus pandemic.
The New York-headquartered firm has recently hired six people in Dubai from one of its competitors, Alvarez & Marsal, and is looking to hire eight to 10 more restructuring specialists next year, said Gabriel Chahine, a Dubai-based managing director.
“We are hiring. We took a decision to double down on our restructuring team,” said Chahine, adding the firm now has around 40 people working in the region, where its main focus is the United Arab Emirates and Saudi Arabia.
Low oil prices are s…
Read the full article at: https://www.thechronicleherald.ca/business/restructuring-firm-alixpartners-boosts-mideast-headcount-amid-corporate-slump-502402/