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Banking Transformation Expert David Schiff Joins FTI Consulting

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FTI Consulting (NYSE: FCN) has announced the appointment of David Schiff as a Senior Managing Director in its Financial Services practice within the Corporate Finance & Restructuring segment. With over 20 years of experience in financial services transformation, Schiff will focus on helping regional and super-regional banks enhance performance, improve growth, optimize operations, and increase customer and enterprise value.

Schiff joins FTI Consulting from West Monroe Partners, where he was Senior Partner and National Head of Retail and Consumer Banking. His expertise in addressing critical challenges such as enhancing balance sheets, reducing costs, and improving regulatory readiness will strengthen FTI Consulting's ability to create value for clients in an industry facing significant economic and regulatory pressures.

FTI Consulting (NYSE: FCN) ha annunciato la nomina di David Schiff come Direttore Generale Senior nella sua pratica di Servizi Finanziari all'interno del segmento Finanza Aziendale e Ristrutturazione. Con oltre 20 anni di esperienza nella trasformazione dei servizi finanziari, Schiff si concentrerà nell'aiutare banche regionali e sovra-regionale a migliorare le loro performance, ottimizzare la crescita, razionalizzare le operazioni e aumentare il valore per i clienti e le imprese.

Schiff si unisce a FTI Consulting dopo la sua esperienza in West Monroe Partners, dove ha ricoperto il ruolo di Partner Senior e Responsabile Nazionale per la Banca al Dettaglio e i Servizi per i Consumatori. La sua esperienza nell'affrontare sfide critiche, come il miglioramento dei bilanci, la riduzione dei costi e il miglioramento della preparazione normativa, rafforzerà la capacità di FTI Consulting di creare valore per i clienti in un settore che affronta significative pressioni economiche e normative.

FTI Consulting (NYSE: FCN) ha anunciado el nombramiento de David Schiff como Director Gerente Senior en su práctica de Servicios Financieros dentro del segmento de Finanzas Corporativas y Reestructuración. Con más de 20 años de experiencia en la transformación de servicios financieros, Schiff se centrará en ayudar a los bancos regionales y superregionales a mejorar su rendimiento, optimizar el crecimiento, optimizar operaciones y aumentar el valor para los clientes y para la empresa.

Schiff se une a FTI Consulting tras su paso por West Monroe Partners, donde fue Socio Senior y Jefe Nacional de Banca de Consumo y Retail. Su experiencia en abordar desafíos críticos como la mejora de balances, la reducción de costos y la preparación para la regulación fortalecerá la capacidad de FTI Consulting para crear valor para los clientes en una industria que enfrenta importantes presiones económicas y regulatorias.

FTI Consulting (NYSE: FCN)는 David Schiff를 기업 금융 및 구조조정 부문의 재무 서비스 분야 수석 관리 이사로 임명했다고 발표했습니다. 20년 이상의 경험을 보유한 Schiff는 지역 은행 및 초지역 은행이 성과를 개선하고 성장률을 높이며 운영을 최적화하고 고객 및 기업 가치를 증가시키는 데 집중할 것입니다.

Schiff는 West Monroe Partners에서 수석 파트너이자 소매 및 소비자 뱅킹의 국가 책임자로 활동하다가 FTI Consulting에 합류합니다. 그의 전문성은 대차대조표 개선, 비용 절감 및 규제 준비 개선과 같은 중요한 문제를 다루는 데 기여하여, FTI Consulting이 경제적 및 규제 압력이 큰 산업에서 고객을 위한 가치를 창출할 수 있는 능력을 강화할 것입니다.

FTI Consulting (NYSE: FCN) a annoncé la nomination de David Schiff en tant que Directeur Général Senior dans sa pratique des Services Financiers au sein du segment Financement d'Entreprise et Restructuration. Fort de plus de 20 ans d'expérience dans la transformation des services financiers, Schiff se concentrera sur l'aide aux banques régionales et sur-régionales pour améliorer leur performance, optimiser leur croissance, rationaliser leurs opérations et accroître la valeur client et entreprise.

Schiff rejoint FTI Consulting après avoir été Senior Partner et Responsable National de la Banque de Détail et des Consommateurs chez West Monroe Partners. Son expertise dans le traitement des défis cruciaux tels que l'amélioration des bilans, la réduction des coûts et l'optimisation de la conformité réglementaire renforcera la capacité de FTI Consulting à créer de la valeur pour ses clients dans une industrie confrontée à des pressions économiques et réglementaires significatives.

FTI Consulting (NYSE: FCN) hat die Ernennung von David Schiff zum Senior Managing Director in seiner Abteilung für Finanzdienstleistungen im Segment Unternehmensfinanzierung und Restrukturierung bekannt gegeben. Mit über 20 Jahren Erfahrung in der Transformation von Finanzdienstleistungen wird sich Schiff darauf konzentrieren, regionalen und überregionalen Banken zu helfen, die Leistung zu verbessern, das Wachstum zu optimieren, die Abläufe zu verbessern und den Kunden- sowie Unternehmenswert zu steigern.

Schiff kommt von West Monroe Partners zu FTI Consulting, wo er Senior Partner und National Head of Retail und Consumer Banking war. Sein Fachwissen in Bezug auf kritische Herausforderungen wie die Verbesserung von Bilanzen, die Senkung von Kosten und die Verbesserung der regulatorischen Bereitschaft wird die Fähigkeit von FTI Consulting stärken, in einer Branche, die mit erheblichen wirtschaftlichen und regulatorischen Druck konfrontiert ist, Wert für die Kunden zu schaffen.

Positive
  • Appointment of David Schiff, an experienced banking transformation expert
  • Strengthening of FTI Consulting's Financial Services practice capabilities
  • Enhanced ability to address critical challenges in the banking industry
  • Potential for improved client services in bank performance enhancement
Negative
  • None.

WASHINGTON, July 22, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of David Schiff as a Senior Managing Director in the Financial Services practice within the firm’s Corporate Finance & Restructuring segment.

Mr. Schiff, who is based in Los Angeles, joins with more than 20 years of experience in conceiving, designing and executing transformational initiatives across the financial services industry. In his role at FTI Consulting, Mr. Schiff will have a special focus on working with regional and super-regional bank leadership and client-facing teams to materially enhance performance by improving growth, optimizing operations and enhancing customer and enterprise value.

“The financial services industry is facing economic and regulatory pressures not seen in decades that are transforming fundamental day-to-day operations and forcing institutions to make strategic changes,” said Dave Messinger, a Senior Managing Director in the Financial Services practice within the Corporate Finance & Restructuring segment at FTI Consulting. “David’s industry expertise strengthens our team’s ability to create value for our clients.”

Prior to joining FTI Consulting, Mr. Schiff was a Senior Partner and the National Head of Retail and Consumer Banking at West Monroe Partners, where he led transformational initiatives that addressed clients’ most critical challenges, such as enhancing balance sheets, reducing costs, optimizing operational risk and improving regulatory readiness. Prior to that, he was a Principal and served as the Banking Experience Transformation Lead at PricewaterhouseCoopers.

Commenting on his appointment, Mr. Schiff said, “In order to thrive in the modern banking industry, financial institutions need to overhaul the way they operate as they face economic, regulatory, operational, organizational and technological challenges and uncertainties. I look forward to joining my colleagues at FTI Consulting as we tap into our diverse industry expertise to guide our clients through these critical transformational journeys.”

The Business Transformation practice at FTI Consulting provides solutions that support a variety of client needs in an evolving business landscape, including revenue growth, operating model redesign, organizational change, operational improvements, turnaround management and asset portfolio optimization, among others.

About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 8,000 employees located in 33 countries and territories, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $3.49 billion in revenues during fiscal year 2023. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. More information can be found at www.fticonsulting.com.

FTI Consulting, Inc.
555 12th Street NW
Washington, DC 20004
+1.202.312.9100

Investor Contact:
Mollie Hawkes
+1.617.747.1791
mollie.hawkes@fticonsulting.com

Media Contact:
Matthew Bashalany
+1.617.897.1545
matthew.bashalany@fticonsulting.com


FAQ

Who is David Schiff and what is his new role at FTI Consulting (FCN)?

David Schiff is a banking transformation expert with over 20 years of experience who has been appointed as a Senior Managing Director in FTI Consulting's Financial Services practice within the Corporate Finance & Restructuring segment.

What will be David Schiff's focus in his new role at FTI Consulting (FCN)?

David Schiff will focus on working with regional and super-regional bank leadership to enhance performance by improving growth, optimizing operations, and increasing customer and enterprise value.

What was David Schiff's previous position before joining FTI Consulting (FCN)?

Before joining FTI Consulting, David Schiff was a Senior Partner and the National Head of Retail and Consumer Banking at West Monroe Partners.

How does David Schiff's appointment benefit FTI Consulting (FCN)?

David Schiff's industry expertise strengthens FTI Consulting's team's ability to create value for clients by addressing critical challenges in the financial services industry, such as enhancing balance sheets, reducing costs, and improving regulatory readiness.

FTI Consulting, Inc.

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