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FTI Consulting, Inc. (NYSE: FCN) is a leading global business advisory firm committed to helping organizations manage change, mitigate risk, and resolve disputes. Headquartered in Washington, D.C., FTI Consulting operates with more than 8,000 professionals in 31 countries, delivering expert services across various domains.
The firm segments its operations into five critical areas:
- Corporate Finance and Restructuring: Specializes in business transformation, strategy, and restructuring services, providing solutions for optimal financial performance.
- Forensic and Litigation Consulting: Offers expertise in investigations, dispute resolution, and forensic accounting to support clients facing legal complexities.
- Economic Consulting: Delivers strategic consulting on economic issues, antitrust matters, and financial economics, aiding clients in navigating complex regulatory environments.
- Technology: Focuses on M&A-related services, litigation support, and leveraging digital tools to streamline business processes and enhance decision-making.
- Strategic Communications: Provides services in public affairs, corporate reputation management, and communication strategies to mitigate risks and strengthen client relations.
FTI Consulting serves a diverse clientele, including sectors like construction, energy, environmental, healthcare, insurance, real estate, retail, telecom, media, and technology. The majority of its revenue is generated within the United States, with the Corporate Finance segment being the largest contributor.
In recent developments, FTI Consulting has expanded its global aviation offering with the appointment of Frank Martin, enhancing their capability to navigate aviation sector challenges. The firm also focuses on digital transformation, highlighted by the appointment of Shubho Ghosh to bolster their Business Transformation practice, aiding clients in developing and implementing digital strategies for revenue growth and operational efficiency.
Financially, FTI Consulting reported a revenue increase to $3.49 billion for the year 2023, reflecting a 15.2% rise from the previous year, attributed to higher demand across all segments. The firm maintains a robust financial position with net income of $274.9 million and a steady cash flow, underpinned by strategic investments in talent and digital transformation initiatives.
FTI Consulting's commitment to delivering value extends to its private equity services, led by Jiva J. Jagtap, focusing on value creation and post-transaction strategies. The firm is also proactive in cybersecurity, addressing communication gaps between CISOs and the C-suite to enhance organizational resilience against evolving cyber threats.
For more information, visit www.fticonsulting.com or contact their investor relations team.
FTI Consulting, Inc. (NYSE: FCN) announced the appointment of Michael Baumkirchner as Senior Managing Director to lead the Esoteric Asset-backed Securitization offering within its Lender Services practice. With 25 years of experience from Ankura Consulting Group, Baumkirchner will enhance the firm's consultancy on capital markets transactions and corporate restructurings. His background includes advisory services for issuers, underwriters, and lenders, particularly in sectors like oil and gas, aircraft, and intellectual property. The firm aims to support clients in maximizing value through comprehensive transaction advisory services.
FTI Consulting announced key appointments in Riyadh, Saudi Arabia, with Majdi Al-Madani joining as Senior Managing Director and Raed Masri as Managing Director. Al-Madani brings over 20 years of experience in forensic consulting and fraud investigations across various sectors. His colleague, Sara Gassam, also joins as a Director specializing in investigations. Masri adds 14 years of expertise in financial due diligence and valuations. These hires align with FTI's growth strategy in Saudi Arabia, aiming to address increasing regulatory challenges faced by businesses. The firm enhances its service offerings in forensic and corporate finance consulting in the region.
FTI Consulting (NYSE: FCN) has appointed Edwina Tam as Senior Managing Director in its Economic Consulting segment in Hong Kong. With over 20 years of experience in litigation and complex disputes, Ms. Tam will enhance the firm’s valuation services, particularly in the Greater China region. Prior to this role, she led financial advisory at Deloitte, specializing in business and intangible asset valuations. Her extensive background spans various sectors, including private equity and financial services. This appointment aims to strengthen FTI Consulting's expert-driven consulting capabilities in the Asia Pacific, supporting clients in navigating economic challenges.
FTI Consulting (NYSE: FCN) has appointed Juan Montanez as Senior Managing Director and Cindy Ward as Managing Director within its Health Solutions practice. Montanez, with 30 years in healthcare payment models, will focus on IT needs assessments and technology governance. Ward brings over 20 years of experience in government health programs, specializing in Medicaid managed care. Both appointments aim to enhance the firm's ability to help clients address complex healthcare challenges and modernize systems in an evolving regulatory landscape.
DUBAI, UAE, Jan. 17, 2023 – FTI Consulting (NYSE: FCN) announced the appointment of Nilesh Ashar as Senior Managing Director and Sameep Uchil as Managing Director at its Dubai International Financial Centre office. The appointments aim to enhance the company’s tax services, focusing on M&A tax, corporate tax, transfer pricing, and VAT for Middle Eastern clients. Ashar, with over 25 years of experience, will oversee the Middle East tax practice, while Uchil will concentrate on M&A-related tax matters. This expansion reflects a growing demand for tax advisory services amid evolving tax regulations in the region, as noted by Vikas Papriwal, Head of Corporate Finance & Restructuring in the Middle East.
On January 16, 2023, FTI Consulting (NYSE: FCN) announced the appointment of three Senior Managing Directors to enhance its capabilities in Australia. Wouter Veugelen, Hayden White, and Michael Khoury bring substantial expertise in Cybersecurity, Corporate Finance & Restructuring, and Technology, respectively. Veugelen has 20 years in cybersecurity, White specializes in corporate recovery, and Khoury focuses on digital forensics. These additions aim to bolster the firm's offerings amid increasing cyber threats and regulatory challenges. FTI Consulting continues its commitment to investing in talent to better serve its clients' evolving needs.
FTI Consulting (NYSE: FCN) has appointed Yvette Austin Smith as Senior Managing Director and Chair of its Global Finance practice at Compass Lexecon. Smith, a finance expert in various fields including valuation, bankruptcy, and M&A, will lead the New York office and enhance the firm's advisory capabilities. She previously chaired the Board at The Brattle Group and expressed eagerness to strengthen Compass Lexecon's market position. The company generated $2.78 billion in revenue during fiscal year 2021, emphasizing its commitment to tackling complex challenges for clients globally.
FTI Consulting has appointed Lauren Crawford Shaver as the Senior Managing Director and Head of Healthcare & Life Sciences for the Americas. With a strong background in public affairs and healthcare policy, she aims to enhance the firm's capabilities in managing public policy, regulatory, and reputational risks. Previously, she held significant roles within government and political campaigns, including as Deputy Assistant Secretary for Public Affairs during the Obama administration. Her expertise is expected to strengthen service delivery for clients navigating complex challenges in the healthcare sector.
FTI Consulting (NYSE: FCN) has expanded its FTI Capital Advisors division by adding Rod Rivera, David Baker, and Roger Kahn as Senior Managing Director and Managing Directors, respectively. They bring extensive experience in healthcare M&A and financing transactions, having closed deals across various healthcare sectors valued at over $30 billion. The new team will enhance FTI's advisory capabilities in healthcare, supported by a robust network of over 250 health solutions professionals. This strategic addition aims to deliver a seamless client experience in navigating complex healthcare transactions.
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