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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 appointed Rachel Hall as a Senior Managing Director in its Healthcare Business Transformation practice. With over 25 years of experience in healthcare transformations and digital strategy, Ms. Hall will focus on helping providers and payers define digital strategies and accelerate AI implementation to improve clinical outcomes and organizational efficiencies.
Based in Denver, Ms. Hall joins from a Big Four consulting firm where she led the U.S. digital health practice. Her expertise includes developing AI and machine learning capabilities, leading complex transformation efforts, and defining go-to-market approaches. This appointment strengthens FTI Consulting's Digital Health and Transformation capabilities, addressing critical industry challenges such as clinician burnout and patient access to timely care.
FTI Consulting (NYSE: FCN) has appointed William Perlstein as Global Segment Leader of the Forensic and Litigation Consulting segment. Perlstein, who joined FTI Consulting in 2020 as Senior Managing Director and Vice Chair of Client Services, will also join the firm's global Executive Committee. With a background in law firm management and banking, Perlstein has been instrumental in developing FTI's Key Account Management Program and serves on the AI Leadership Committee.
The Forensic and Litigation Consulting segment provides multidisciplinary services across risk, investigations, and disputes, enhanced by data analytics and technology-enabled solutions. Perlstein's appointment aims to accelerate the segment's growth, deepen client relationships, and attract talent. His extensive experience includes building a national insolvency practice, co-managing WilmerHale, and serving as Senior Deputy General Counsel at BNY Mellon.
FTI Consulting's 2024 Online Retail Report projects U.S. online retail sales to reach $1.2 trillion in 2024, a 10% increase from 2023. E-commerce is expected to account for 22.7% of retail market share in 2024, up from 21.6% in 2023. The report predicts e-commerce market share will plateau near 35% by the mid-2030s, with several product categories already at this level.
Key trends highlighted include retailers optimizing stores for fulfillment, managing store fleets, blending digital and in-store experiences, and using AI for personalized shopping. The report also notes the potential impact of digitally native direct-to-consumer retailers on the market, particularly affecting deep value store-based retailers.
FTI Consulting (NYSE: FCN) will release its Q2 2024 financial results on July 25, 2024, before the New York market opens. A conference call hosted by senior management will follow at 9:00 a.m. Eastern Time to discuss the results. The call will be simulcast live on the company's investor relations website, where a replay will be available for 90 days.
FTI Consulting (NYSE: FCN) has appointed Maarten Derksen as Senior Managing Director in their Transactions practice within the Corporate Finance & Restructuring segment. With over 20 years of global tax expertise in private equity, real estate, and infrastructure, Derksen will focus on cross-border tax structuring solutions. His previous roles include Global Head of Tax at DigitalBridge and Tax partner at PricewaterhouseCoopers. This move aims to help clients navigate the complex private equity landscape, leveraging his extensive experience in deal and fund structuring.
FTI Consulting has appointed Greg Parker as a Senior Managing Director in its Construction, Projects, and Assets practice within the Forensic and Litigation Consulting segment. With over 35 years of experience, Parker will leverage his expertise to support clients in various sectors, focusing on construction, real estate, and advisory services in life sciences, advanced technology, healthcare, and data centers. Parker, based in Miami, previously led Parker Construction Consultants and held leadership roles at Mace North America and Ernst & Young. His appointment aims to address challenges in talent gaps, supply chain disruptions, and competition for resources.
FTI Consulting (NYSE: FCN) has launched a cross-segment digital offering to leverage its expertise across various industries, enhancing its position in digital and AI solutions. This initiative integrates multiple digital technologies like AI, blockchain, and advanced data analytics to assist clients in navigating emerging risks and opportunities. The offering targets diverse professionals, from CEOs to law firm partners, and involves over 1,100 experts. A survey indicated that only 25% of European companies felt their digital transformations were successful, yet those who completed the process expected a 10% revenue growth over competitors. This comprehensive digital approach aims to provide tailored solutions across nine domains, including AI, cybersecurity, digital forensics, and more.
FTI Consulting (NYSE: FCN) has expanded its global Aviation practice by appointing Stephen Strange as Senior Managing Director and David Walfisch as Managing Director. With over two decades of experience, Strange will focus on commercial strategy, fleet planning, and growth. Walfisch, with 16 years in the field, will emphasize business planning and sustainability. These appointments align with FTI’s commitment to enhance commercial strategy and sustainability within aviation. The company aims to equip clients with comprehensive solutions to navigate regulatory challenges, supply chain constraints, and workforce shortages.
FTI Consulting’s inaugural Hospital Operations Outlook Survey reveals the top operational challenges for hospital leaders, highlighting workforce shortages, cybersecurity threats, and financial performance concerns. Nearly all hospital executives (99%-100%) are worried about clinical, financial, and digital technology issues, amid post-pandemic recovery, increased patient demand, and regulatory scrutiny.
Key findings include: 55% of respondents feel unprepared for cyber attacks; 99% have adopted value-based care models, driven by patient-centered care (44%) and quality improvement (40%); and 49% believe their hospitals are not prepared for current patient volumes. The report stresses the need for targeted, customized approaches to these challenges, emphasizing the importance of effective communication and strategic guidance to navigate these complexities.
FTI Consulting (NYSE: FCN) has appointed Dr. Stefan Heissner as a Senior Managing Director in its Forensic and Litigation Consulting segment in Germany, effective July 1, 2024. Dr. Heissner, a former German police detective with extensive experience in white-collar crime and corruption, will lead the Forensic Accounting & Fraud Investigations offering in the DACH region (Germany, Switzerland, Austria). He will also be part of the EMEA leadership team. Dr. Heissner joins from PwC, where he co-led Risk and Regulatory Consulting in Germany, and previously held senior roles at KPMG and EY. His appointment is expected to strengthen FTI's capabilities in handling complex, cross-border financial crimes.
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