FTI Consulting Enhances Risk and Compliance Services with Addition of Three Senior Professionals

Rhea-AI Summary

FTI Consulting (NYSE: FCN) announced the appointment of three senior professionals to enhance its Financial Services capabilities within the Forensic and Litigation Consulting segment. Newly appointed Senior Managing Director Marshall Schlimer, and Managing Directors Peter Schablik and Debra Bonosconi bring decades of expertise in audit, risk management, and compliance. These strategic hires aim to address evolving client needs in risk management amidst increasing regulations and external threats, showcasing FTI's commitment to expanding its expert team to support clients effectively.

Positive

• Appointment of experienced professionals strengthens FTI's consulting capabilities.
• Expansion of team aligns with growing demand for risk management expertise.
• New hires bring extensive experience in audit, compliance, and financial regulations.

Negative

• None.

WASHINGTON, Dec. 14, 2022 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of three senior professionals, further strengthening the financial services capabilities within the firm’s Forensic and Litigation Consulting segment.

The new hires include Senior Managing Director Marshall Schlimer in New York and Managing Directors Peter Schablik in Boston and Debra Bonosconi in Washington, D.C.

“Boards, executives and investors are taking a more strategic approach to risk management and corporate governance practices due to the increase in complex regulations, technological transformation and external threats,” said Wendy Shapss, Co-Leader of the Global Insurance Services practice within the Forensic and Litigation Consulting segment at FTI Consulting. “To thrive in this environment, companies must evaluate all stages of risk: preparation, prevention and adaptation. We are continuing to expand our team with experts who have the broad experience to address the unique needs and risks of our clients.”

Mr. Schlimer brings more than 30 years of experience providing audit, risk and advisory services to public and private organizations. He has led high-profile projects, investigations, acquisitions and regulatory consent orders in the United States and abroad. In his role at FTI Consulting, he will focus on helping clients transform their internal audit and control groups into valued strategic advisors by focusing on risks stemming from financial reporting, regulatory compliance and operations. He will also be responsible for growing the firm’s Governance, Internal Audit, and Controls offering, which provides critical governance and risk services that help clients respond effectively to challenges of evolving risk profiles and rapidly changing regulatory requirements.

Mr. Schablik brings more than 30 years of experience in consulting leadership positions. Most recently, he was a Partner and banking practice leader with Mazars USA LLP. Mr. Schablik has an extensive background in system consulting, Sarbanes-Oxley advisory, system and organization controls reporting and a broad range of compliance and internal audit services. In his role at FTI Consulting, he will focus on the Governance, Internal Audit, and Controls offering and provide information technology-related compliance services to banks, insurance providers and other entities.

Ms. Bonosconi brings more than 25 years of experience as a former federal financial institutions regulator, banking executive and consulting expert. She specializes in anti-money laundering, Office of Foreign Assets Control compliance, risk management, governance and regulatory matters for international and domestic financial institutions. In her role at FTI Consulting, Ms. Bonosconi will contribute to developing and enhancing the financial crimes and sanctions compliance programs to ensure consistency with regulatory requirements and expectations, as well as evolving industry best practices.

“A myriad of risks emerged on a global scale over the past several years,” said Stella Mendes, Leader of the Financial Services practice within the Forensic and Litigation Consulting segment at FTI Consulting. “Because of this, we have continued to grow our teams with the leading experts in the field. These recent appointments highlight our commitment to investing in a deep bench that can support clients in the new risk landscape.”

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 7,500 employees located in 31 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $2.78 billion in revenues during fiscal year 2021. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. For more information, visit www.fticonsulting.com and connect with us on Twitter (@FTIConsulting), Facebook and LinkedIn.

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

FAQ

What recent appointments were made at FTI Consulting related to financial services?

FTI Consulting appointed Marshall Schlimer as Senior Managing Director, and Peter Schablik and Debra Bonosconi as Managing Directors to enhance its financial services capabilities.

How will the new hires at FTI Consulting impact the company's services?

The new hires will strengthen FTI's ability to address complex risk management and compliance needs among clients, particularly in the financial sector.

What is the focus of the newly appointed professionals at FTI Consulting?

The newly appointed professionals will focus on governance, internal audit, risk management, and compliance services for various financial institutions.

When did FTI Consulting announce the new appointments?

FTI Consulting announced the appointment of the new professionals on December 14, 2022.