Leading global professional services firm Alvarez & Marsal (A&M) has expanded its restructuring practice with the addition of Michael Stewart who joins as a Managing Director in Toronto, Canada. Stewart brings nearly 20 years of experience in providing restructuring advice to corporations and their stakeholders across a broad spectrum of industries.
Prior to joining A&M, Stewart spent six years as a Managing Director at Canadian Imperial Bank of Commerce (CIBC) Capital Markets in Toronto where he was the head of restructuring and six years in the restructuring group at Jefferies as a Senior Vice President in New York, where he gained significant U.S. and Canadian transaction experience advising debtors and creditors in all aspects of corporate restructurings, ranging from CBCA debt recapitalizations and exchange offers to CCAA and Chapter 11 restructurings. Stewart began his career with KPMG’s restructuring group in the Toronto office where he became a licensed insolvency trustee and worked on numerous mandates, including a court-appointment as a CCAA monitor or receiver.
“Michael’s unique restructuring and capital markets background, having worked extensively in the U.S. and Canada as both a licensed insolvency practitioner and an investment banker, serves to continue to strengthen our leadership resources in Canada and with cross-border cases” said Doug McIntosh, Managing Director with Alvarez & Marsal Canada and leader of A&M's practice in Canada. “Although his experience spans many industries, Michael’s in-depth expertise in the energy sector and related capital markets, where the industry has been hit particularly hard by capital structure stress and low commodity prices, will be of significant benefit to our clients in the context of current market conditions.”
Stewart is a member of the Canadian Association of Insolvency and Restructuring Professionals and has been on the Board of Directors of the Turnaround Management Association, Toronto Chapter from 2013 to 2016, most recently serving as Vice President.
Privately held since 1983, A&M is a leading global professional services firm that delivers business performance improvement, turnaround management and advisory services to organizations seeking to transform operations, catapult growth and accelerate results through decisive action. Our senior professionals are experienced operators, world-class consultants and industry veterans who leverage the firm's restructuring heritage to help leaders turn change into a strategic business asset, manage risk and unlock value at every stage.