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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) has announced the appointment of Wynand Mullins as Senior Managing Director in its Forensic and Litigation Consulting segment in Sydney on April 11, 2021. With over 20 years of experience in forensic accounting and expert witness roles in Australia, New Zealand, and the UK, Mullins aims to enhance the Australian practice's growth. His expertise includes class actions and insurance claims, backing the segment's commitment to providing independent dispute advisory and forensic accounting services.
FTI Consulting (NYSE: FCN) will release its financial results for Q1 2021 on April 29, 2021, before the market opens. A conference call is scheduled for the same day at 9:00 a.m. ET, featuring senior management discussing the results. The call can be accessed via the Company's investor relations website, with a replay available for 90 days. FTI Consulting, a global business advisory firm, generated $2.46 billion in revenue in 2020, employing over 6,300 professionals in 28 countries.
FTI Consulting (NYSE: FCN) expands its Corporate Finance & Restructuring segment in EMEA with the appointments of Joaquín Coronado in Madrid and Stephen Haw in Abu Dhabi. Coronado will enhance FTI's restructuring and business transformation offerings, focusing on private equity and corporate clients. Haw will provide strategic consulting services, addressing operational, regulatory, and market design challenges. This expansion aims to support clients in navigating economic recovery, especially in the context of restructurings and transformations post-pandemic.
FTI Consulting (NYSE: FCN) has launched a comprehensive data governance solution aimed at helping organizations navigate increasing global challenges in data privacy, security, and compliance. This initiative addresses complex legal frameworks, including GDPR, CCPA, HIPAA, and the DoD's CMMC, enabling clients to meet compliance obligations while optimizing business outcomes. The offering integrates expertise in risk management, data analytics, and legal advisory, designed to enhance data accountability and mitigate operational risks.
FTI Consulting (NYSE: FCN) has announced its agreement to acquire The Rhodes Group, a notable construction consulting firm, aiming to bolster its Construction & Environmental Solutions practice. The acquisition, expected to finalize in Q2 2021, will add approximately 40 professionals, enhancing FTI's advisory, dispute resolution, and expert testimony capabilities in North America. The Rhodes Group specializes in complex project management, providing services across various sectors including power and infrastructure.
FTI Consulting, Inc. (NYSE: FCN) has appointed John A. Hudson as Senior Managing Director of FTI Capital Advisors, LLC. With over 20 years of experience in technology and intellectual property (IP) transactions, Hudson aims to enhance the firm’s corporate finance and restructuring segment. His appointment aligns with the growing investor focus on IP assets, a trend accelerated by the COVID-19 pandemic. FTI Capital Advisors is committed to expanding its U.S. presence and global reach, having previously welcomed other senior executives to strengthen its capabilities.
FTI Consulting (NYSE: FCN) appointed Joseph Slota as Senior Managing Director in the Health Solutions practice on March 15, 2021. With over 40 years of experience, Mr. Slota will focus on healthcare and life sciences clients, specializing in strategic planning, supply chain resiliency, and performance improvement. Previously, he led Deloitte's Supply Chain Management practice for life sciences. This leadership addition aims to enhance FTI's capabilities in addressing complex client challenges amid COVID-19.
FTI Consulting has appointed Miriam Wrobel as Senior Managing Director in San Francisco to strengthen its Power & Renewables practice. With extensive experience in renewable energy finance and strategy, Wrobel will enhance the firm's advisory services for clients involved in energy transformation. This appointment aligns with the anticipated increase in renewable energy deal flow in 2021, supported by the Biden administration's investment plans. FTI Consulting generated $2.46 billion in revenue during fiscal year 2020, showcasing its robust market presence.
FTI Consulting (NYSE: FCN) appointed Jason Shafrin, Ph.D., as Senior Managing Director in its Center for Healthcare Economics and Policy. Dr. Shafrin, based in Los Angeles, has over 15 years of experience in health economics, focusing on policy and regulatory issues. His role enhances FTI's capabilities in advanced analytics and economic modeling, particularly for healthcare and life sciences sectors. The firm aims to address complex health economics challenges as the healthcare industry undergoes significant transformation.
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