Alvarez & Marsal on Hiring Spree in China as Rivals Pull Back

US advisory firm Alvarez & Marsal Inc.is forging ahead with an expansion in China, buoyed by an increasingly complicated regulatory and geopolitical environment that has prompted some of its larger peers to scale back from the market.

The New York-based firm plans to expand its China headcount fivefold in the next four to five years, according to James Dubow, co-head for North Asia. It tripled headcount in Hong Kong and the mainland in the past five years to more than 400, he said.

“It’s a non-stop thing. In the last several years, a third of my time has ...