NEW YORK, May 7, 2012 (GLOBE NEWSWIRE) -- AlixPartners, the global business-advisory firm, today announced that A.T. Kearney veteran Masahiko Fukasawa has joined AlixPartners as managing director, and that he will co-lead the firm's Tokyo office and business in Japan with managing director Tsutomu Noda, who was promoted to his leadership position in 2011.
Fukasawa and Noda will be working alongside Hirofumi Hirano and Yuji Nishiura, also managing directors, giving AlixPartners a formidable team in Japan, as the country and its industries continue to grapple with substantial economic challenges.
"Though it remains the third-largest economy in the world, it's no secret that Japan has been buffeted by monumental challenges in the last several years – challenges that are now forcing structural changes in how all types of companies in a wide range of sectors here operate," said C.V. Ramachandran, head of the Asia Business Unit at AlixPartners. "AlixPartners has a long history of helping clients with what we call 'holistic' turnarounds – a proprietary approach that includes setting long-term strategy, cost reduction, financial restructuring, business-process reform, organizational restructuring and, if needed, interim management. The addition of Masa Fukasawa makes us even better-positioned to help client companies seeking widespread, lasting improvement. Masa, along with Tom Noda, Hiro Hirano and Yuji Nishiura, head up a strong, results-oriented team in Japan which has the experience and know-how to help clients both turn around under-performing companies and accelerate growth at strong companies."
Fukasawa has more than 25 years of experience in the consulting and financial services industries, and joins AlixPartners from A.T. Kearney, where he spent 19 years working in such areas as business-portfolio restructuring, post-merger integration, business-process restructuring and cost reduction, in several different industries in Asia, Europe and North America. At A.T. Kearney, he held a variety of leadership roles including membership in the firm's board of directors, managing director of its Japan business unit, chairman of China and acting chairman for the company's operations in South Korea.
Prior to getting into consulting, Fukasawa spent five years working for Sumitomo Bank Ltd. (now Sumitomo Mitsui Banking Corp.) in Tokyo. He holds an MBA from the Sloan School of Management at the Massachusetts Institute of Technology (MIT) and a bachelor's degree in economics from Hitotsubashi University in Tokyo.
Regarding the other AlixPartners leaders in Japan, Noda has more than two decades of experience working in consulting and for financial institutions, and has performed comprehensive turnarounds, including financial and organizational revitalizations, in the manufacturing, chemical, information-technology and financial sectors, among others. A veteran of McKinsey & Co. and KPMG, he was also CFO of Unison Capital, one of the private equity pioneers in Japan.
In addition to other consulting responsibilities, Hirano leads AlixPartners' Financial Services Industry Practice for all of Asia. Hirano is a financial industry expert and a core member of the firm's global practice focused on the financial industry. In his career, he was group CEO of the merchant-banking group of Nikko Cordial Securities Inc. (now known as SMBC Nikko Securities Inc.), the third-largest brokerage house in Japan. He was also chairman of Nikko Principal Investments Ltd. His career also includes serving as a director of Seibu Railway Company Ltd.; Sony Corp.'s StylingLife Holdings Inc., the holding company for Sony's retail businesses; Bellsystem24 Inc.; Tower Records Japan Inc.; Nikko Citigroup Ltd.; and Nikko Asset Management Co. Ltd.
Nishiura, who has more than 30 years of experience, worked for the consultancies Booz Allen Hamilton and Roland Berger prior to joining AlixPartners. He has worked with scores of Japanese and multinational clients in areas such as strategy development, implementation programs and organizational design. He has also led many business turnaround initiatives for various companies in deep distress. The author of several books, including Marketing Innovation of Financial Services, Management Imagination and The Next Business Leader, he also serves as a professor at the Kenichi Ohmae Graduate School of Business.
AlixPartners LLP is a global business-advisory firm offering comprehensive services in four major areas: enterprise improvement, turnaround and restructuring, financial-advisory services and information-management services. Founded in 1981, the firm has offices around the world, and can be found on the Web at www.alixpartners.com.
The AlixPartners LLP logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=11665
CONTACT: Tim Yost +126.96.36.19989 firstname.lastname@example.org