US-based professional services company Alvarez & Marsal has increased its UK presence by opening a new office in Edinburgh while expanding its existing location in Glasgow. The new office will primarily serve local corporates and will offer tailored advisory services. Ben Cairns has been appointed as managing director and has previous experience with UK-based Ernst & Young.

Commenting on the new Edinburgh office, Cairns explained: “Businesses across Scotland are under growing pressure as challenges mount. Supply chain disruption, inflation and the rising cost of capital are combining to frustrate business plans, following hot on the heels of the market turmoil of the pandemic.”

The company is expected to hire 20 employees for the new office by early 2023. The opening of the Edinburgh office and expansion in Glasgow will complement Alvarez & Marsal’s existing locations in Birmingham, Manchester, Leeds and London.

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By GlobalData