FTI Consulting, Inc. - FCN STOCK NEWS

FTI Consulting (NYSE: FCN) has appointed Susanne Arndt as Senior Managing Director within its Strategic Communications segment in Düsseldorf. Arndt brings over 25 years of experience in strategic communications, specializing in complex change situations including restructurings and transformations. She joins from H/Advisors Deekeling & Arndt, where she was Managing Partner. The appointment aims to strengthen FTI's communications and change offering within the People & Transformation practice, particularly focusing on the DACH region. Arndt's expertise spans various sectors, with emphasis on financial services and automotive industries.

FTI Consulting (NYSE: FCN) has strengthened its Financial Services practice by appointing Caitlin Holmes and Mark Sexton as Senior Managing Directors in the Forensic and Litigation Consulting segment. Holmes, based in Los Angeles, brings over 20 years of experience in financial management and compliance. Sexton, based in New York, contributes 30 years of financial services expertise. Both will enhance the firm's risk management and regulatory compliance services. This expansion follows the recent appointment of Beji Varghese and aims to support financial institutions through all business cycle stages.

FTI Consulting (NYSE: FCN) has strengthened its Forensic and Litigation Consulting segment in Sydney with two senior appointments. Natalie Faulkner joins as Senior Managing Director with 25+ years of forensic accounting experience, focusing on financial services. Sam Scerri joins as Managing Director to lead the Data & Analytics practice, bringing 15+ years of consulting expertise. Both executives, formerly from KPMG Australia, will enhance the firm's capabilities in regulatory compliance, fraud prevention, data analytics, and risk management services across Australia.

FTI Consulting (NYSE: FCN) has appointed Brian Knudson as Senior Managing Director in the Data & Technology Transformation practice within its Corporate Finance & Restructuring segment. Based in Chicago, Knudson brings over 35 years of experience in artificial intelligence and digital learning. He will focus on developing and implementing AI strategies across industries, creating custom solutions and applying existing AI technologies. Previously, Knudson served as Partner/Principal at Ernst & Young, where he led the Global and Americas Learning Services practice and established the EY Learning Lab, pioneering early AI tools deployment in production environments.

FTI Consulting reported Q3 2024 revenues of $926.0 million, up 3.7% from $893.3 million in the prior year quarter. Net income decreased to $66.5 million from $83.3 million, with EPS falling 21% to $1.85. The revenue growth was driven by higher demand in Economic Consulting and Technology segments, offset by lower demand in Corporate Finance & Restructuring. The company updated its full year 2024 guidance, now expecting revenues between $3.700-3.750 billion and EPS between $7.90-8.35. Cash position improved significantly with cash and cash equivalents of $386.3 million, compared to $201.1 million year-over-year.

FTI Consulting, Inc. (NYSE: FCN) has announced the appointment of Sunny Yi as Senior Managing Director and Leader of the North Asia Business Transformation practice. With over 30 years of experience in transformation, change management, and organization design, Mr. Yi brings expertise in financial services, private equity, manufacturing, and service-provider industries.

Prior to joining FTI Consulting, Mr. Yi held prominent roles including Managing Partner for Korea at a global consulting firm, Managing Partner at Bain & Company's Seoul office, and CEO of Shinhan Digital Solution Company. He has also served as an economic advisor to Korean presidents.

This appointment continues FTI Consulting's recent growth in business transformation and strategy offerings, following several senior appointments in EMEA and the United States.

A recent study sponsored by FTI Consulting reveals that organizations are least prepared for crises posing the greatest risk to their business. The survey, conducted by Economist Impact, canvassed 600 primary legal decision makers across North America, EMEA, and Asia Pacific. Key findings include:

- Nearly 30% of surveyed GCs cited reputational or operational crisis events among the top three risks and least prepared crises.
- Over two-thirds of organizations don't incorporate past crisis lessons into trainings and drills.
- About 60% of GCs reported increased involvement in crisis management strategy.
- Close to 70% of organizations lack a cross-functional crisis response team or pre-selected external advisors.
- More than half of surveyed organizations don't use AI or ML-powered modeling for crisis management.

The study highlights the need for better crisis preparedness and the evolving role of general counsel in navigating crises.

FTI Consulting has appointed Jens Paulus as a Senior Managing Director in the Forensic and Litigation Consulting segment. Based in Berlin, Paulus brings over 20 years of experience advising on risk, compliance, and geopolitical matters. He will help clients develop strategies to navigate global megatrends and disruptions while fostering resilience and growth.

Renato Fazzone, Leader of FTI Consulting in the DACH region, emphasized the importance of addressing geopolitical risks for international companies. Rory O'Brien, Head of EMEA Forensic and Litigation Consulting, highlighted Paulus' expertise as important in today's complex business environment.

Prior to joining FTI Consulting, Paulus was a Partner at PwC and held leadership roles at EY and the Konrad Adenauer Foundation. His appointment follows recent additions to FTI Consulting's German practice, including Stefan Van Thienen, Harald Hertel, and Dr. Stefan Heissner.

FTI Consulting's Technology segment has launched IQ.AI by FTI Technology™, a suite of artificial intelligence solutions for legal and regulatory matters. The offerings include:

1. IQ.AI for Investigations: Document summarization for quick fact extraction and case chronology development.
2. IQ.AI for Data Breach: Rapid identification of sensitive data for breach response and compliance.
3. IQ.AI for Antitrust: Monitoring and analytics to reduce risk in complex datasets.

FTI Technology's approach combines proprietary workflows with industry-leading AI technologies, aiming to balance innovation, performance, and risk mitigation. The launch addresses the growing demand for AI solutions in legal and compliance functions, with 78% of business leaders viewing generative AI as a competitive opportunity.