Alvarez & Marsal adds two directors to Asia restructuring team

20 December 2019 2 min. read

Global advisory Alvarez & Marsal has further strengthened its Asia restructuring team with two experienced hires in Hong Kong; Tiffany Wong and Kitty Yeung.

The Hong Kong office of global professional services firm Alvarez & Marsal has welcomed two experienced recruits to its restructuring team; former KPMG China partner and Head of Insolvency Tiffany Wong, who joins A&M as a managing director, and Kitty Yeung, who crosses as a senior director from Ernst & Young where she served as an associate partner.

Both Wong and Yeung bring two decades of experience in corporate restructuring and insolvency, remarkably spent at their respective Big Four’s. Yeung has been with EY since 2000, following a degree in accounting and finance from Bournemouth University, while Wong initially joined KPMG’s audit department after a masters’ in professional accounting from Queensland University of Technology.

Wong later made the switch to restructuring, rising up through the then male-dominated field of restructuring in Hong Kong to gain partnership and in 2017 be appointed as head of KPMG China’s insolvency practice. In that role she has developed significant expertise in challenging cross-border issues, combining knowledge of international restructuring regimes with local Chinese regulations and processes.Tiffany Wong and Kitty Yeung - Alvarez & Marsal

A specialist in dealing with special asset situations, Yeung too has extensive experience in domestic and cross-border restructuring advisory for clients across a range of sectors, including financial services, real estate, retail, manufacturing, energy and logistics, and is designated as a Panel A Appointment Taker and Insolvency Practitioner by the Hong Kong Official Receiver’s Office.

“Currently, China is experiencing a steady flow of corporate distress,” said Ron Thompson, A&M managing director who was appointed to lead the firm's Asia Restructuring Practice last year. “Tiffany’s and Kitty’s appointment bolsters A&M’s unique ability to best meet market needs with an integrated offering for domestic and cross-border projects across jurisdictions on a global basis.”

Wong in response noted the growth of A&M in Asia, and in recent months the firm has been bolstering its regional expertise in a number of divisions. Toward the latter part of the year, the firm has added regional forensics pioneer Chris Fordham as a managing director in Hong Kong, and last month launched its forensics technology services offering in South Korea with two former AlixPartners recruits.