Chicago, Illinois, United States, December 2025 – Lucky Agarwal has been promoted as Managing Director at Alvarez & Marsal, marking a significant milestone in his leadership journey with the global professional services firm. In his expanded role, he will continue to lead complex transformation, restructuring and private equity performance improvement engagements, partnering closely with global clients to deliver sustainable value creation.
In his current role at Alvarez & Marsal, Lucky has spent nearly eight years growing through progressive leadership responsibilities. Prior to his elevation as Managing Director, he served as Senior Director at Alvarez & Marsal Private Equity Performance Improvement (M&A), where he led large-scale carve-outs, post-acquisition integrations, IT and operations separations, and transformation programs across multiple geographies, driving operational excellence and shareholder value creation.
Before that, Lucky served as Director and Manager at Alvarez & Marsal Private Equity Services (M&A), where he worked extensively on mergers and acquisitions, finance transformation, tax, accounting, technology separations and governance restructuring. His work played a key role in supporting global private equity clients and strategic buyers through high-impact transactions.
Earlier in his career, Lucky built strong consulting foundations at PwC as a Senior Associate in M&A Advisory and Management Consulting, where he led due diligence, carve-outs and standalone readiness programs for global clients. He also gained early strategic consulting exposure at Accenture, delivering analytics-driven transformation initiatives for Fortune 500 organisations, and held internships with Owens Corning, focusing on expansion strategy and operational efficiency.
Lucky holds a Master of Business Administration (MBA) in Finance and Marketing from the Kelley School of Business, Indiana University, where he was also a faculty-selected member of the Business Marketing Academy and a recipient of multiple academic honours.
Alvarez & Marsal is a leading global professional services firm dedicated to helping organisations tackle their most complex business challenges, maximise stakeholder value, and deliver sustainable change. Founded in 1983, the firm operates across six continents with more than 10,000 professionals, offering deep expertise across restructuring, performance improvement, private equity advisory and transformation services.
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