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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.
A recent study sponsored by FTI Consulting reveals that organizations are least prepared for crises posing the greatest risk to their business. The survey, conducted by Economist Impact, canvassed 600 primary legal decision makers across North America, EMEA, and Asia Pacific. Key findings include:
- Nearly 30% of surveyed GCs cited reputational or operational crisis events among the top three risks and least prepared crises.
- Over two-thirds of organizations don't incorporate past crisis lessons into trainings and drills.
- About 60% of GCs reported increased involvement in crisis management strategy.
- Close to 70% of organizations lack a cross-functional crisis response team or pre-selected external advisors.
- More than half of surveyed organizations don't use AI or ML-powered modeling for crisis management.
The study highlights the need for better crisis preparedness and the evolving role of general counsel in navigating crises.
FTI Consulting has appointed Jens Paulus as a Senior Managing Director in the Forensic and Litigation Consulting segment. Based in Berlin, Paulus brings over 20 years of experience advising on risk, compliance, and geopolitical matters. He will help clients develop strategies to navigate global megatrends and disruptions while fostering resilience and growth.
Renato Fazzone, Leader of FTI Consulting in the DACH region, emphasized the importance of addressing geopolitical risks for international companies. Rory O'Brien, Head of EMEA Forensic and Litigation Consulting, highlighted Paulus' expertise as important in today's complex business environment.
Prior to joining FTI Consulting, Paulus was a Partner at PwC and held leadership roles at EY and the Konrad Adenauer Foundation. His appointment follows recent additions to FTI Consulting's German practice, including Stefan Van Thienen, Harald Hertel, and Dr. Stefan Heissner.
FTI Consulting's Technology segment has launched IQ.AI by FTI Technology™, a suite of artificial intelligence solutions for legal and regulatory matters. The offerings include:
1. IQ.AI for Investigations: Document summarization for quick fact extraction and case chronology development.
2. IQ.AI for Data Breach: Rapid identification of sensitive data for breach response and compliance.
3. IQ.AI for Antitrust: Monitoring and analytics to reduce risk in complex datasets.
FTI Technology's approach combines proprietary workflows with industry-leading AI technologies, aiming to balance innovation, performance, and risk mitigation. The launch addresses the growing demand for AI solutions in legal and compliance functions, with 78% of business leaders viewing generative AI as a competitive opportunity.
FTI Consulting (NYSE: FCN) has strengthened its Global Insurance Services practice with the appointment of Maria Filipakis as a Senior Managing Director in the Forensic and Litigation Consulting segment. Based in New York, Filipakis brings nearly two decades of government experience and expertise in insurance, cryptocurrency, cybersecurity, and financial services.
Filipakis, formerly the first Executive Deputy Superintendent of the Capital Markets Division at the New York State Department of Financial Services, will support clients with regulatory, compliance, claims challenges, risk management, due diligence, and financial analysis. Her appointment aims to help FTI Consulting's clients navigate emerging risks related to artificial intelligence, compliance, regulation, and litigation in the insurance industry.
Prior to joining FTI Consulting, Filipakis co-founded and served as Managing Partner at the Topside Group, working on strategic and regulatory matters across various financial sectors.
FTI Consulting (NYSE: FCN) has announced the upcoming release of its third quarter 2024 financial results. The company will disclose these results before the New York market opens on Thursday, October 24, 2024. Following the release, FTI Consulting will host a conference call at 9:00 a.m. Eastern Time on the same day, where senior management will discuss the financial outcomes.
Investors and interested parties can access the conference call via a live simulcast on the company's investor relations website. For those unable to attend the live event, a replay of the webcast will be available on the same website for 90 days following the call.
FTI Consulting, Inc. (NYSE: FCN) has announced the appointment of Brian Salsberg as Senior Managing Director and Global Head of M&A in the Transactions practice within the Corporate Finance & Restructuring segment. Salsberg, based in New York, joins from EY where he was the Global Buy & Integrate Leader. He brings extensive experience, having led over 100 acquisitions, mergers, joint ventures, and divestitures.
At FTI Consulting, Salsberg will collaborate with various team leaders to create comprehensive solutions for clients pursuing large-scale and cross-border transactions. His appointment follows the recent addition of Jeff Wray, former Global EY-Parthenon Leader, as leader of a new Consumer & Retail industry practice within FTI Delta.
Salsberg's prior experience includes senior executive roles at a Fortune 500 company, partnership at McKinsey & Company, and corporate transactions law at Cravath, Swaine & Moore LLP. His appointment aims to strengthen FTI Consulting's capabilities in serving a broader client base in complex transaction scenarios.
FTI Consulting (NYSE: FCN) has launched its Cybersecurity practice in Spain with the appointment of Oliver Gower as Senior Managing Director. Gower, formerly Head of Global Cyber Emergency Response Team at Banco Santander, brings extensive experience from UK intelligence and law enforcement agencies. He will support the development of FTI's Cybersecurity practice in Spain and advise on incident response, regulatory compliance, investigations, and operational resilience strategies.
This expansion aligns with FTI's global cybersecurity offerings and growth strategy in the Spanish market. Gower's expertise in tackling critical cyber threats and his background in shaping national cybersecurity responses will be valuable assets to clients facing complex threat landscapes.
FTI Consulting (NYSE: FCN) has launched a National Security offering to address growing threats to the private sector and increased demand for comprehensive solutions. The offering will focus on risk and compliance advisory and investigative capabilities in critical industries such as healthcare, financial services, energy, and technology.
Michael J. Driscoll, former FBI Assistant Director, will lead the initiative, bringing over 26 years of experience in cybersecurity and national security. The multidisciplinary team will advise on issues including cyber risks, insider threats, espionage, CFIUS reviews, export controls, and sanctions. This launch aims to help companies protect their assets, supply chains, and national interests in an increasingly globalized and digitized world.
FTI Consulting (NYSE: FCN) has appointed Jeff Wray as Senior Managing Director and Industry Growth and Strategy Leader within the Corporate Finance & Restructuring segment. Wray will lead the new Consumer & Retail industry practice within FTI Delta, the firm's strategy consulting practice. With over 20 years of experience, Wray joins from EY-Parthenon, where he was Global Leader.
The Consumer & Retail practice launch comes nearly a year after FTI Delta's inception, adding to its existing Telecommunications, Media & Technology and Public Sector practices. Wray's role involves building industry teams across strategy, transformation, and transactions capabilities, creating end-to-end consulting solutions for clients.
This move aligns with FTI Consulting's belief in industry expertise as key to delivering high client value. Wray's experience in growth investments, corporate venture capital, and large-scale divestitures is expected to accelerate the firm's efforts in building industry practices that partner with clients across all dimensions of value creation.
FTI Consulting (NYSE: FCN) has bolstered its Corporate Finance & Restructuring segment in EMEA with the appointment of three Senior Managing Directors: Jean-Werner de T'Serclaes, Ramon Baeza, and Wim Gysegom. These industry leaders bring over 75 years of combined experience in financial services, energy, and operational performance transformations.
Key appointments:
- De T'Serclaes: Co-Leader for France and regional lead for cross-segment Financial Services offerings
- Baeza: Energy lead in EMEA, focusing on business transformation
- Gysegom: Enhancing operational transformations in chemicals and automotive sectors
These strategic hires aim to strengthen FTI Consulting's Business Transformation capabilities in EMEA, addressing client needs in critical areas such as growth initiatives, operational efficiencies, and digital transformation.
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