Alvarez & Marsal, a global provider of professional services, said on Tuesday that it will double down on its investments in China and scale up its team in Asia to ensure greater growth in the Chinese market.

The move demonstrated A&M's commitment to the Chinese market with the country's dynamic and growing business landscape, the company said in a statement.

The company announced the appointment of Shu Chang, Zhu Lin and Tang Han as three managing directors of the Chinese mainland, as well as Silver Chen and Daniel Yao as two senior directors.

"These appointments bolster A&M's lines of service in strategy, M&A and digital transformation, while extending its integrated platform to help clients capitalize on cross-border trade and investment opportunities across the broader Asia Pacific region and beyond," the company said.

"Additionally, the joining of the new team members furthers A&M's expertise in fast-growing sectors including auto, advanced manufacturing and healthcare," it added.

The enlarged performance improvement team in China also marked the latest milestone of its growth plan following its expansion of the global transaction advisory group earlier this year. A&M North Asia has tripled the number of professionals since 2020.

"The ongoing shifts in Asia, whether economic, technological or geopolitical, are creating change and pressure at a level not seen for decades. This presents a unique opportunity for us to support our clients in effectively navigating these challenges," said James Dubow, managing director and head of A&M North Asia.

"Our expansion in China exemplifies A&M's dedication to leading the way in delivering value-driven solutions that empower businesses to succeed and grow, even in the face of uncertainties," he said.

As already one of the largest trading partners to many major global economies, China's cross-border trade with other countries continues to increase. Outbound investment from China is also expected to grow.

"As China and other Asian countries enter a next economic cycle of quality growth, businesses need to reposition themselves to improve efficiencies, innovation and ultimately returns," said How Jit Lim, managing director and leader of performance improvement in China.

In addition, China's determination to achieve its carbon neutrality goal, under the new development model, is creating significant market demand for green transformation and manufacturing upgrading, Lim said.