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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 announced the appointment of Jim Wrynn as a Senior Managing Director in its Global Insurance Services practice, emphasizing its commitment to enhancing expertise in a complex insurance landscape. With over 35 years of experience, Wrynn brings valuable insights from his previous roles, including Chief Commercial Officer at NAM. His appointment aims to boost client strategies in areas such as regulatory compliance and risk financing. FTI Consulting generated $2.46 billion in revenues during fiscal year 2020, highlighting its strong market position.
FTI Consulting (NYSE: FCN) has appointed three new leaders in its Health Solutions practice: Cheryl Warren as Senior Managing Director, and Jason Markham and Mark Sugrue as Managing Directors. These appointments aim to enhance the firm's capabilities in addressing current healthcare challenges. Warren brings 20 years of experience, Markham has over 25 years specializing in governance and operations, and Sugrue has 30 years in performance improvement consulting. This strategic expansion will support clients in optimizing healthcare delivery.
FTI Consulting (NYSE: FCN) announced that Naidira Alemova, a Senior Managing Director, has been recognized in Crain’s fourth annual list of Notable Women in Accounting and Consulting. This marks her second consecutive year on the list, which honors 67 women in the New York City area for their achievements. Alemova brings over 20 years of experience in banking and securities regulatory matters, focusing on anti-money laundering and financial crime investigations. In fiscal year 2020, FTI Consulting generated $2.46 billion in revenues.
The 2021 Resilience Barometer report from FTI Consulting reveals that companies are facing increased scrutiny due to socio-economic impacts of COVID-19. Key findings include that 80% of executives believe their business model must change to remain competitive. Additionally, 97% are investing in crisis preparedness, with a focus on technology to mitigate risks. Companies report heightened concerns about their business conduct, sustainability practices, and relationships with government entities. Cybersecurity threats and talent shortages are also critical issues affecting operational resilience.
FTI Consulting (NYSE: FCN) announced that it and its subsidiary, Compass Lexecon, achieved significant recognition by having 152 professionals named to the Who’s Who Legal: Consulting Experts guide for the sixth consecutive year. The professionals span various sectors such as Corporate Finance & Restructuring, Economic Consulting, and Forensic and Litigation Consulting, representing 17 countries. The firm generated $2.46 billion in revenue during fiscal 2020, showcasing its global presence and expertise in managing complex business challenges.
FTI Consulting announced the appointment of Jason Sabot as Senior Managing Director and Stephen P. Glascoe as Managing Director in its Broker-Dealer Regulatory & Litigation group. Sabot brings extensive experience from FINRA and major financial institutions, while Glascoe has over 40 years in brokerage and investment banking, including significant roles at the SEC. Their expertise aims to enhance FTI's ability to assist clients with complex regulatory challenges. This investment reflects FTI's commitment to growing its Financial Services practice and supporting clients in navigating regulatory landscapes.
FTI Consulting (NYSE: FCN) has been awarded Global Turnaround Consulting Firm of the Year and Public Relations Firm of the Year by Global M&A Network. The firm excelled in 14 restructuring and merger & acquisition projects, showcasing its strength in the turnaround and restructuring space. Notable recognitions include E-Commerce Restructuring of the Year for the Saadia Group and several awards for Chapter 11 restructurings in various sectors. This recognition highlights FTI's commitment and expertise, reinforcing its competitive position in the market.
On August 2, 2021, FTI Consulting (NYSE: FCN) was recognized by Global Arbitration Review as a leading expert witness firm, ranking first overall, with its subsidiary Compass Lexecon coming in second. The analysis highlighted FTI's significant presence, reporting 223 experts attending hearings between August 2018 and August 2020. FTI also led in construction-related arbitrations with 88 cases, while Compass Lexecon topped in investor-state hearings with 39. The recognition indicates strong reputational authority in the arbitration sector.
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