The restructuring community continues to bolster its ranks with turnaround adviser Alvarez & Marsal the latest to make a hire ahead of what many expect to be a rise in distressed deal opportunities this year.

Alvarez has hired Tarek Hosni as a managing director in its Paris office. He previously led the combined transport subsidiaries of SNCF Geodis, the French state railways company, after starting his career Arthur Andersen's French restructuring practice in 1982 and holding senior positions in several French companies in the 1990s.