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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 (NYSE: FCN) announced the appointment of Anita Patel as Senior Managing Director in the Risk and Investigations practice, enhancing its forensic and litigation consulting capabilities in Canada. Based in Toronto, Patel brings over 18 years of experience in forensic accounting and expert litigation support. Her role will focus on driving growth in forensic investigations and compliance services. This strategic hire follows the June addition of Denis Reynolds to strengthen the Financial Services practice, reflecting FTI's commitment to expanding its Canadian presence.
FTI Consulting (FCN) has appointed Brian Boetig as Senior Managing Director in its Cybersecurity practice, enhancing its capabilities in response to increasing cybersecurity threats. Boetig, with over 30 years of experience in the FBI, will help establish FTI’s Cybersecurity footprint in Seattle. His tenure includes leadership roles in national security and crisis management, particularly overseeing the Cyber Investigative Joint Task Force. This is part of FTI's strategic hiring efforts to strengthen its cybersecurity services globally.
FTI Consulting has launched its Corporate Finance & Restructuring segment in Japan, appointing Kenneth Smith as Senior Managing Director. With over 35 years of experience, Smith aims to enhance the firm's capabilities in transaction advisory, especially for Japan-based companies seeking global expansion. This strategic move in Japan, the world's third-largest economy, reinforces FTI’s growth ambitions in Asia and is expected to attract more Western multinationals interested in the Japanese market. The firm generated $2.78 billion in revenues in fiscal year 2021.
FTI Consulting (NYSE: FCN) has appointed Abi-gail Marshman as Senior Managing Director and Head of the Financial Crime practice for the Middle East and North Africa. Ms. Marshman brings over 20 years of experience in financial crime control, focusing on regulatory compliance and anti-money laundering initiatives.
Previously with the Central Bank of the UAE, she implemented comprehensive compliance frameworks. Her expertise is expected to enhance FTI’s capabilities in combating financial crimes in the region, following the earlier appointment of Zarik Nawaz. This strategic hire reflects the firm’s commitment to strengthening its financial crime solutions.
FTI Consulting (NYSE: FCN) announced key appointments in its Financial Services practice, enhancing its Forensic and Litigation Consulting segment. Sepideh Rowland joins as Senior Managing Director, focusing on financial crime compliance programs, leveraging over 25 years of legal and compliance experience. Gabriel Hidalgo becomes Managing Director, specializing in BSA/AML and sanctions compliance for financial institutions. These strategic hires aim to strengthen FTI's capability to meet evolving regulatory requirements and support clients in navigating complex compliance landscapes.
FTI Consulting (NYSE: FCN) appointed Tracy Wilkison as Senior Managing Director in its Cybersecurity practice, effective September 12, 2022. Wilkison, formerly U.S. Attorney for the Central District of California, brings over 20 years of experience in prosecuting cyber crimes, including the 2014 Sony Pictures hack. Her expertise aims to enhance FTI's capabilities in addressing complex cyber risks and compliance issues. This appointment reflects FTI's strategic expansion in cybersecurity, following several key hires in 2022.
FTI Consulting reported second quarter 2022 revenues of $755.0 million, a 6.1% increase from $711.5 million in the prior year. However, net income fell to $51.4 million, down from $62.8 million, reflecting higher expenses and a 19% drop in EPS to $1.43. Adjusted EBITDA also decreased, showing a margin contraction. The company reaffirmed its 2022 revenue guidance between $2.920 billion and $3.045 billion, along with EPS guidance between $6.40 and $7.20.
FTI Consulting (NYSE: FCN) has unveiled a new suite of Advertising Technology (AdTech) privacy solutions aimed at addressing challenges posed by digital advertising and data privacy regulations. With digital advertising revenue exceeding $189 billion in 2021 and expected to grow, the new services will help clients manage compliance and mitigate risks. FTI Technology emphasizes the importance of aligning marketing strategies with data privacy best practices in the evolving AdTech landscape. Their services include AdTech Risk Assessment, governance model development, and consent management.
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