Corporate Finance Advisory
Canadian arm of A&M: restructuring and court-officer work plus a fast-growing Toronto transaction advisory (due diligence) team.
In Canada, Alvarez & Marsal operates through Alvarez & Marsal Canada Inc. from five offices (Calgary, Oakville, Toronto, Vancouver and Winnipeg). It is best known in Canada for restructuring, where the Canadian entity acts as a court officer, for example as CCAA monitor for Hudson's Bay Canada and Li-Cycle in 2025. Its deal-advisory business is the Global Transaction Advisory Group's Canadian practice (TAG Canada) in Toronto, led by Scott Foster, which provides financial, commercial, operational, IT and tax due diligence to private equity, pension and corporate clients, and has been adding senior hires in 2025–2026. A&M also launched portfolio valuation services for Canadian institutional investors in Toronto in 2026.
9 interview reports1 open roles4 deals5 people17 sources
Toronto-based buy- and sell-side transaction advisory for private equity, pension and corporate clients: financial due diligence and quality of earnings, commercial, operational, IT and tax diligence, SPA support and pre/post-deal value creation. It has a dedicated Energy & Infrastructure group led by Geoff Hayes.
Turnaround, refinancing and sale mandates, plus formal insolvency roles. Alvarez & Marsal Canada Inc. or an affiliate acts as court officer (e.g. CCAA monitor, information officer) in active Canadian proceedings listed on its engagements page.
Portfolio valuation and monitoring advice on illiquid securities and private assets for pension funds, private credit, private equity and insurance clients, launched in Toronto in March 2026.
The Canada page lists Corporate Mergers, Acquisitions and Divestitures, Financing and Refinancings, Private Equity Services and Tax among the services offered in Canada.
A product group inside investment banking: it does the modelling and execution on deals the industry coverage teams originate, rather than holding client relationships of its own.
| Toronto | ON | office |
| Calgary | AB | office |
| Oakville | ON | office |
| Vancouver | BC | office |
| Winnipeg | MB | office |
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From the inside
Reasons that work in interviews
4 reasons for Alvarez & Marsal
One reason works across this whole category and is worth using once, in your own words: this is where you learn the diligence side of a deal, which is the half most bankers never see. Saying you want to understand what a quality of earnings actually tested before you start relying on one is a better answer than anything about brand, and it sets up the “why banking later” question cleanly rather than making it awkward.
Operational restructuring and interim management mean the firm takes operating roles inside companies, which no accounting firm does.
You see how a business is actually fixed rather than how it is analysed, which is the most transferable skill in distressed markets.
Private equity performance improvement work gives you the sponsor's operating lens directly.
Lean, senior-heavy teams with a strong bias to action: the culture is explicitly not a consulting firm's.
Unlock the full insights for Alvarez & Marsal: every round, the topics tested and what candidates experienced
Each row is a start season; the bars are when you apply. The track starts this month, so how far right a bar sits is how far off it is.
Winter 2027
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Open roles on BSO Jobs1
Industry coverage 1
Own the client relationships in a sector and bring the mandates in.
Energy & Infrastructure (TAG Canada)
Industry group within TAG Canada covering energy, infrastructure and natural resources transactions, launched with a January 2026 managing director hire.
Toronto
Product 4
Sit inside investment banking and work across the coverage teams rather than holding clients of their own. M&A is the one to understand: it does the modelling and execution on deals most coverage groups originate.
Global Transaction Advisory Group - Canada (TAG Canada)
Buy- and sell-side financial, commercial, operational, IT and tax due diligence plus pre- and post-deal value creation for private equity, pension and corporate clients.
Toronto
Restructuring & Turnaround
Turnaround, refinancing and sale mandates plus court-officer roles (CCAA monitor, receiver, proposal trustee) through Alvarez & Marsal Canada Inc.
Toronto
Investment Banking (Corporate Finance)
Toronto team working on restructurings, M&A, capital raising and financial advisory, per a current analyst posting.
Toronto
Valuation Services - Alternative Investment Services
Portfolio valuation advice on illiquid investments for pension funds and alternative asset managers, launched in Canada in March 2026.
Toronto
Managing Director; Co-Head, Canadian Restructuring Practice
Restructuring & Turnaround (Toronto)
Co-heads A&M's Canadian restructuring practice from Toronto, with more than 18 years in turnaround, performance improvement and corporate restructuring. He advises lenders, private equity firms and companies on distressed and non-distressed situations, including refinancing and sale mandates and formal court appointments.
Managing Director; Canadian Practice Leader, Global Transaction Advisory Group
TAG Canada (Toronto)
Leads A&M's Canadian transaction advisory practice in Toronto, advising private equity, pension and corporate clients on buy- and sell-side deals with financial, commercial and operational due diligence. He has advised on more than 200 US and Canadian transactions, many in waste management and environmental services. He earlier led transaction services groups at KPMG Canada and Deloitte Canada.
Managing Director; National Practice Leader, Energy & Infrastructure (Canada)
TAG Canada (Toronto)
Joined A&M's Global Transaction Advisory Group in Toronto in January 2026 to lead its Canadian Energy & Infrastructure group. He focuses on financial due diligence, quality of earnings, modelling and SPA support for investors in infrastructure, energy and natural resources. He came from KPMG Canada's Deal Advisory Infrastructure Investments practice and earlier held corporate finance roles at Barrick Gold and Magna Entertainment.
Managing Director, Global Transaction Advisory Group
TAG Canada (Toronto) – performance improvement and value creation
Joined TAG Canada in Toronto in October 2025 to expand operational due diligence and pre- and post-deal value creation for private equity and corporate clients. A professional engineer and CFA charterholder, he works across manufacturing, defence, nuclear, automotive and power generation. He was previously a partner and sector head at Isaac Operations.
Senior Director, Valuation Services (Alternative Investment Services lead, Canada)
Global Valuation Services (Toronto)
Hired in March 2026 to lead A&M's Alternative Investment Services valuation practice in Toronto, serving pension funds and alternative asset managers. He values private credit, equity and other illiquid instruments. He was previously a portfolio manager at Golub Capital, leading its Canadian credit monitoring and valuation function, and a senior manager at KPMG.
Professional information only, drawn from official biographies and published reporting. BSO never lists private contact details.
Sep 24, 2026
Martin BellHire
Managing Director, Energy & Natural Resources (Calgary)
— → Alvarez & Marsal
A&M's Energy & Natural Resources practice announced Bell as a Managing Director in Calgary (headline listing on the Canada page).
Mar 17, 2026
Maisam RazaTeam build
Senior Director, Alternative Investment Services (Toronto)
Golub Capital → Alvarez & Marsal
A&M Valuation launched its Alternative Investment Services practice in Canada with Raza's hire.
Jan 29, 2026
Geoff HayesHire
Managing Director, Global TAG; lead of TAG Canada Energy & Infrastructure
KPMG Canada → Alvarez & Marsal
A&M hired Hayes in Toronto to build sector-led energy and infrastructure due diligence coverage in Canada.
Oct 2, 2025
Matti KeskikylaHire
Managing Director, Global TAG (Toronto)
Isaac Operations → Alvarez & Marsal
Hired to expand operational due diligence and value creation in TAG Canada; the release also cites recent hire Patrick Daoust.
May 17, 2026
Bitcoin Depot Canadian debtors (Digital Gold Ventures Inc., BitAccess Inc., Express Vending Inc.)
Information Officer in Canadian recognition proceedings (per engagement page) · Fintech / crypto ATMs
Bitcoin Depot filed US Chapter 11 cases on 2026-05-17 and sought recognition in Ontario for its Canadian subsidiaries; A&M's engagement page posts Information Officer reports.
May 14, 2025
Li-Cycle (Li-Cycle Inc. and affiliated applicants)
Court officer (CCAA Monitor) listed on A&M Canada's engagements page · Battery recycling
Buyer Glencore Canada Corporation · Seller Li-Cycle applicants (CCAA)
Court-supervised sale under an Equity and Asset Purchase Agreement dated 2025-05-14 with Glencore Canada as stalking-horse and successful bidder; it became effective 2025-08-07.
Mar 7, 2025
Hudson's Bay Company ULC and related Canadian entities
Court-appointed CCAA Monitor (Alvarez & Marsal Canada Inc.) · Retail
Hudson's Bay Canada obtained CCAA protection from the Ontario Superior Court (Commercial List); in the proceedings the court approved a sale to Canadian Tire Corporation that closed on 2025-06-25.
Mar 10, 2023
AIR MILES Reward Program business (LoyaltyOne)
Financial advisor to LVI and LoyaltyOne · Financial Services / Loyalty
Buyer Bank of Montreal · Seller Loyalty Ventures Inc. / LoyaltyOne, Co.
BMO confirmed an agreement to acquire LoyaltyOne's AIR MILES Reward Program business, sold alongside the seller's restructuring proceedings.
New Managing Director based in Calgary.
A&M adds a Toronto-based portfolio valuation offering for institutional investors.
Geoff Hayes joins TAG Canada in Toronto from KPMG Canada to lead Energy & Infrastructure.
Matti Keskikyla joins TAG Canada; the firm describes a deliberate wave of senior hires in Canada.
Senior performance-improvement hire for operational due diligence and value creation in Toronto.
The court-approved Li-Cycle transaction became effective, with A&M acting as monitor.
Alvarez & Marsal Canada Inc. became monitor under the Initial Order in Hudson's Bay Canada's CCAA proceedings.
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BSO Jobs · Jul 29, 2026 · baystreetoracle.ca
Alvarez & Marsal · Mar 17, 2026 · alvarezandmarsal.com
Alvarez & Marsal · Jan 29, 2026 · alvarezandmarsal.com
Alvarez & Marsal · Oct 2, 2025 · alvarezandmarsal.com
Bank of Montreal (SEC EDGAR exhibit) · Mar 10, 2023 · sec.gov
Alvarez & Marsal · Date unavailable · alvarezandmarsal.com
Alvarez & Marsal · Date unavailable · alvarezandmarsal.com
Alvarez & Marsal · Date unavailable · alvarezandmarsal.com
Alvarez & Marsal · Date unavailable · alvarezandmarsal.com
Alvarez & Marsal · Date unavailable · alvarezandmarsal.com
Alvarez & Marsal · Date unavailable · alvarezandmarsal.com
Alvarez & Marsal · Date unavailable · alvarezandmarsal.com
Alvarez & Marsal · Date unavailable · alvarezandmarsal.com
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Alvarez & Marsal · Date unavailable · alvarezandmarsal.com
ABF Journal · Jan 25, 2023 · abfjournal.com
Bay Street Oracle · Oct 8, 2026 · intelligence.baystreetoracle.ca
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Co-op / Off-cycle intern · Canada
Recruited through the firm's national campus programme rather than by the deal advisory practice alone, so the posting usually sits on the firm-wide student site. BSO has not confirmed a timetable for Alvarez & Marsal on an official page: this records that the intake exists and what the category's cycle looks like, not a published date. Confirm with the firm before you plan around it.
Full-time Analyst · Canada
The graduate intake into transaction services, valuations and corporate finance, usually alongside the CPA and CBV pathways the practice supports. BSO has not confirmed a timetable for Alvarez & Marsal on an official page: this records that the intake exists and what the category's cycle looks like, not a published date. Confirm with the firm before you plan around it.
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