Beji Varghese Joins FTI Consulting’s Financial Services Practice in Charlotte

Rhea-AI Summary

FTI Consulting, Inc. (NYSE: FCN) has appointed Beji Varghese as a Senior Managing Director in their Financial Services practice. With over 25 years of consumer finance experience, Varghese will focus on leveraging technology to enhance compliance and improve efficiency for financial services clients. His role will involve identifying gaps, improving compliance, and utilizing technology to protect and enhance enterprise value. FTI Consulting aims to strengthen its consumer finance presence in Charlotte and the Southeast region through Varghese's appointment.

Positive

• Beji Varghese's appointment as Senior Managing Director strengthens FTI Consulting's consumer finance presence in Charlotte and the Southeast region.

• Varghese's extensive experience in consumer finance, compliance, and risk management positions him well to help clients navigate complex regulatory environments.

• Varghese's focus on leveraging technology to improve compliance and enhance efficiency aligns with the industry's increasing reliance on technological solutions.

Negative

• Increasing regulatory complexities and the scale of remediations pose challenges for financial services clients, requiring a proactive approach to compliance.

• The rapidly changing regulatory environment in the financial services industry may present hurdles for clients, necessitating innovative solutions to address mounting challenges.

WASHINGTON, April 29, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Beji Varghese as a Senior Managing Director within the firm’s Financial Services practice. His appointment strengthens FTI Consulting’s consumer finance presence in Charlotte and the Southeast region.

Mr. Varghese joins FTI Consulting with more than 25 years of consumer finance experience as both a consultant and industry executive. He has addressed the industry's most critical issues, including performing regulator readiness reviews and compliance assessments, executing multi-year lookbacks and remediations, and serving as an expert witness for complex compliance matters. Mr. Varghese also has leveraged technology to enhance servicing and origination environments and to efficiently test hundreds of thousands of loans and transactions, and he has built and managed a team of offshore resources to support compliance testing and remediation projects.

In his role at FTI Consulting, Mr. Varghese will focus on helping financial services clients identify how to leverage technology to ensure compliance, resolve regulatory inquiries and leverage their assets to protect and enhance enterprise value.

“Beji has a strong track record of helping consumer finance clients identify gaps and areas for improvement to comply with rules and regulations, which are increasing in complexity and the scale of remediations,” said David King, a Senior Managing Director within FTI Consulting’s Financial Services practice. “I especially look forward to seeing how he will complement our already strong roster of consumer finance experts as we help our clients identify technologies, including AI, to improve efficiencies while enhancing the client experience.”

Prior to joining FTI Consulting, Mr. Varghese was a partner at a financial services advisory firm, where he provided leadership and guidance on all aspects of compliance, risk management and governance. He previously was the chief operating officer of a de novo mortgage company.

Commenting on his appointment, Mr. Varghese added, “FTI Consulting is a trusted partner for many organizations in the financial services industry. I look forward to working alongside my new colleagues as we strive to deliver innovative solutions for clients facing mounting challenges in a rapidly changing regulatory environment.”

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. More information can be found at www.fticonsulting.com.

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

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

Media Contact:
Nick Emmons
+1.617.510.1676
nick.emmons@fticonsulting.com

FAQ

Who has been appointed as a Senior Managing Director in FTI Consulting's Financial Services practice?

Beji Varghese has been appointed as a Senior Managing Director in FTI Consulting's Financial Services practice.

What is Beji Varghese's experience in the consumer finance industry?

Beji Varghese has over 25 years of experience in consumer finance, compliance, and risk management.

What will Beji Varghese focus on in his role at FTI Consulting?

Beji Varghese will focus on leveraging technology to enhance compliance, improve efficiency, and protect enterprise value for financial services clients.

Where will Beji Varghese's appointment strengthen FTI Consulting's presence?

Beji Varghese's appointment will strengthen FTI Consulting's consumer finance presence in Charlotte and the Southeast region.

What challenges do financial services clients face in the regulatory environment?

Financial services clients face challenges due to increasing regulatory complexities and the scale of remediations, requiring proactive compliance measures.