Banking Transformation Expert David Schiff Joins FTI Consulting

Rhea-AI Summary

FTI Consulting (NYSE: FCN) has announced the appointment of David Schiff as a Senior Managing Director in its Financial Services practice within the Corporate Finance & Restructuring segment. With over 20 years of experience in financial services transformation, Schiff will focus on helping regional and super-regional banks enhance performance, improve growth, optimize operations, and increase customer and enterprise value.

Schiff joins FTI Consulting from West Monroe Partners, where he was Senior Partner and National Head of Retail and Consumer Banking. His expertise in addressing critical challenges such as enhancing balance sheets, reducing costs, and improving regulatory readiness will strengthen FTI Consulting's ability to create value for clients in an industry facing significant economic and regulatory pressures.

Positive

• Appointment of David Schiff, an experienced banking transformation expert
• Strengthening of FTI Consulting's Financial Services practice capabilities
• Enhanced ability to address critical challenges in the banking industry
• Potential for improved client services in bank performance enhancement

Negative

• None.

WASHINGTON, July 22, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of David Schiff as a Senior Managing Director in the Financial Services practice within the firm’s Corporate Finance & Restructuring segment.

Mr. Schiff, who is based in Los Angeles, joins with more than 20 years of experience in conceiving, designing and executing transformational initiatives across the financial services industry. In his role at FTI Consulting, Mr. Schiff will have a special focus on working with regional and super-regional bank leadership and client-facing teams to materially enhance performance by improving growth, optimizing operations and enhancing customer and enterprise value.

“The financial services industry is facing economic and regulatory pressures not seen in decades that are transforming fundamental day-to-day operations and forcing institutions to make strategic changes,” said Dave Messinger, a Senior Managing Director in the Financial Services practice within the Corporate Finance & Restructuring segment at FTI Consulting. “David’s industry expertise strengthens our team’s ability to create value for our clients.”

Prior to joining FTI Consulting, Mr. Schiff was a Senior Partner and the National Head of Retail and Consumer Banking at West Monroe Partners, where he led transformational initiatives that addressed clients’ most critical challenges, such as enhancing balance sheets, reducing costs, optimizing operational risk and improving regulatory readiness. Prior to that, he was a Principal and served as the Banking Experience Transformation Lead at PricewaterhouseCoopers.

Commenting on his appointment, Mr. Schiff said, “In order to thrive in the modern banking industry, financial institutions need to overhaul the way they operate as they face economic, regulatory, operational, organizational and technological challenges and uncertainties. I look forward to joining my colleagues at FTI Consulting as we tap into our diverse industry expertise to guide our clients through these critical transformational journeys.”

The Business Transformation practice at FTI Consulting provides solutions that support a variety of client needs in an evolving business landscape, including revenue growth, operating model redesign, organizational change, operational improvements, turnaround management and asset portfolio optimization, among others.

About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 8,000 employees located in 33 countries and territories, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $3.49 billion in revenues during fiscal year 2023. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalized and independently managed. More information can be found at www.fticonsulting.com.

FTI Consulting, Inc.
555 12^th Street NW
Washington, DC 20004
+1.202.312.9100

Investor Contact:
Mollie Hawkes
+1.617.747.1791
mollie.hawkes@fticonsulting.com

Media Contact:
Matthew Bashalany
+1.617.897.1545
matthew.bashalany@fticonsulting.com

FAQ

Who is David Schiff and what is his new role at FTI Consulting (FCN)?

David Schiff is a banking transformation expert with over 20 years of experience who has been appointed as a Senior Managing Director in FTI Consulting's Financial Services practice within the Corporate Finance & Restructuring segment.

What will be David Schiff's focus in his new role at FTI Consulting (FCN)?

David Schiff will focus on working with regional and super-regional bank leadership to enhance performance by improving growth, optimizing operations, and increasing customer and enterprise value.

What was David Schiff's previous position before joining FTI Consulting (FCN)?

Before joining FTI Consulting, David Schiff was a Senior Partner and the National Head of Retail and Consumer Banking at West Monroe Partners.

How does David Schiff's appointment benefit FTI Consulting (FCN)?

David Schiff's industry expertise strengthens FTI Consulting's team's ability to create value for clients by addressing critical challenges in the financial services industry, such as enhancing balance sheets, reducing costs, and improving regulatory readiness.