FTI Consulting Launches Technology Segment in Switzerland, Appoints Senior Managing Director as Country Lead

Rhea-AI Summary

FTI Consulting launches its Technology segment in Switzerland, enhancing its footprint in the DACH region. Appointing investigations expert Jerry Lay as Senior Managing Director, the firm aims to capitalize on opportunities in data governance and compliance amid rising regulatory pressures. Lay brings over 15 years of experience and will collaborate with local leaders to support clients in technology, finance, and other sectors. Additionally, FTI Technology expands its partnership with Relativity to enhance cloud-based e-discovery solutions in Switzerland.

Positive

• Launch of the Technology segment in Switzerland opens new market opportunities.
• Appointment of Jerry Lay could drive growth and enhance client services in the DACH region.
• Expansion of partnership with Relativity improves service offerings in e-discovery.

Negative

• None.

New Office Supports Expansion in DACH Region

LONDON, Nov. 08, 2022 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the launch of its Technology segment in Switzerland, establishing the firm’s formal presence in the country. The launch includes the appointment of investigations expert Jerry Lay as a Senior Managing Director and the segment’s Switzerland lead. Mr. Lay will work closely with Technology segment leaders to drive growth across Germany, Switzerland and Austria, also known as the DACH region, and across Europe, the Middle East, India and Africa more broadly to support clients in those markets.

Switzerland serves as a gateway for international and EU business, with sophisticated technology, financial, renewable energy, biotech and consumer products industries, the presence of major international organisations, including the UN Bank for International Settlements, and one of the world’s most influential arbitration courts. As a highly regulated country with a competitive economy, multinational corporations doing business in Switzerland require strong support and programmes across information governance, privacy, compliance, disputes and investigations and other critical risk areas.

“In the DACH region and worldwide, the landscape of risk is expanding, pressure from regulatory agencies continues to rise and technology advancement is accelerating rapidly,” said Sophie Ross, Global Chief Executive Officer of FTI Technology. “These and other factors are driving demand for our expertise and solutions, which presents a significant opportunity for FTI Consulting to serve domestic and international clients doing business in Switzerland. We continue to invest in our growth globally, and with the addition of Jerry and a presence in Switzerland and the broader DACH region, our Technology segment is positioned to better deliver services that combine local experts and solutions with the firm’s extensive global reach and depth of capabilities.”

Mr. Lay is an expert in investigations and applying technology solutions to deliver insights in matters involving complex data challenges. He brings more than 15 years of experience conducting major investigations and advising clients on enhancing compliance frameworks and functions. Mr. Lay has led numerous high-profile investigations related to allegations of fraud and corruption, misappropriation of assets, conflict of interest, market manipulation and data theft. He has worked with clients across a range of industries, including pharmaceuticals and life sciences, financial services and industrial products, and has extensive experience working in emerging markets.

Renato Fazzone, Europe Leader of FTI Technology and country leader for the segment in Germany, added, “In the current business environment in the DACH region, clients require the support of local experts who specialise in many of our core practice areas, including investigations, information governance, risk and compliance, as well as emerging areas such as blockchain, digital assets and resilience. Jerry’s leadership will be integral to our continued success of delivering across these areas in Switzerland.”

Prior to joining FTI Technology, Mr. Lay served in a leadership role in disputes and investigations at Alvarez & Marsal in Zurich. He has also held positions in digital forensics and investigations at a Big Four firm and served as the global chief financial officer of a pharmaceutical group of companies headquartered in Basel, Switzerland, where he led the internal services departments, including financial accounting and reporting, controlling, compliance, human resources and information technology.

Commenting on his appointment, Mr. Lay said, “Switzerland has an attractive, innovative economy that offers tremendous potential for many multinational businesses, and I look forward to partnering with our leadership and team of experts to help clients succeed in this unique market.”

FTI Technology has also expanded its partnership with Relativity to provide the cloud-based e-discovery solution RelativityOne in Switzerland. By offering RelativityOne, FTI Technology provides law firms and in-house legal, compliance and risk teams with expert workflows, advanced analytics and a flexible and secure platform to reduce the cost and complexity of large, and often global, matters. The firm also provides its clients with an enhanced Relativity solution that leverages its own proprietary technology and add-ons from software partners, alongside the global consulting expertise of FTI Technology professionals. 

About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organisations 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 capitalised and independently managed. For more information, visit www.fticonsulting.com and connect with us on Twitter (@FTIConsulting), Facebook and LinkedIn.

FTI Consulting, Inc.
200 Aldersgate
Aldersgate Street
London EC1A 4HD
United Kingdom
+44 20 3727 1000

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

Media Contact:
Ashley Allman
+1.206.369.5209
ashley.allman@fticonsulting.com 

FAQ

What is FTI Consulting's new initiative in Switzerland?

FTI Consulting has launched its Technology segment in Switzerland to strengthen its presence in the DACH region.

Who has been appointed as the head of the Technology segment in Switzerland?

Jerry Lay has been appointed as Senior Managing Director and will lead the Technology segment in Switzerland.

What opportunities does FTI Consulting see in Switzerland?

FTI Consulting sees significant opportunities in information governance, compliance, and risk management in Switzerland's sophisticated market.

How does Jerry Lay's experience benefit FTI Consulting?

Jerry Lay brings over 15 years of experience in investigations and compliance, which will enhance the firm’s capabilities in supporting clients.

What is the significance of the partnership with Relativity for FTI Consulting?

The partnership with Relativity enhances FTI Consulting's e-discovery solutions, providing clients with advanced analytics and secure platforms.