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Alvarez & Marsal Expands Executive Compensation and Benefits Capabilities

May 02, 2016, 07:49 AM

Leading global professional services firm Alvarez & Marsal (A&M) has bolstered its Executive Compensation and Benefits Practice with the addition of George F. O’Donnell who will serve as a Managing Director in Greenwich, Connecticut. An expert in structuring compensation programs for senior management and outside directors, Mr. O’Donnell’s legal and accounting background strengthens A&M’s offering for professional services firms.

“Many professional partnerships are under pressure to revise their compensation programs to continue to attract talent and to grow,” said Albert “Bud” Schiff, Managing Director and CEO of A&M’s Executive Compensation and Benefits practice. “George expands our breadth and depth of expertise in this complex area. His expertise will further our capabilities to help address our clients’ needs. ”

O’Donnell brings to A&M more than 30 years of employee benefits consulting experience. His expertise includes funding executive benefit programs; establishing and managing captive employee benefit arrangements; redeploying excess pension assets; funding post-retirement health programs; and resolving employee benefits compliance controversies with the Internal Revenue Service and the Department of Labor.   

For 15 years, O’Donnell was at Aon, where he was a Senior Vice President in Aon Hewitt, and later was Technical Director of Aon Global Risk Consulting. He established and led Aon’s captive employee benefits consulting practice, successfully implementing numerous captive programs for employee group health, disability, and life insurance. 

Prior to joining Aon, he was at Actuarial Sciences Associates, a consulting firm, where he arranged and executed the release of excess assets from several very large retirement and welfare benefit plans sponsored by major telecommunications companies.
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.

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