Alvarez and Marsal adds two bankers to its team in banking push

Management consulting firm Alvarez & Marsal is expanding work on banking and M&A from its Dubai office with two Barclays hires, Bloomberg reports. Quentin Mulet-Marquis (LinkedIn), who led Barclays’ financial institutions group (FIG) in the Middle East, Turkey, and Africa, and Jeremie Benhaim (LinkedIn), who most recently served as vice president in the same department, are set to join A&M in the coming months.

The hires coincide with a surge in banking consolidation in the Gulf region, as lenders pursue mergers to scale their operations.

A&M, most known for its restructuring work, tapped a former Bank of America and Morgan Stanley banker earlier this year to head its new financial services industry segment in Europe, Middle East and Africa.

Gulf Investment House accepted the resignation of its direct investment department’s assistant VP, Nourah Sulaiman Al Shehab, effective yesterday, it said in an ADX disclosure (pdf). Al Shehab cited personal reasons as the reason behind her departure.