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FTI Consulting, Inc. reports developments across a global business-advisory platform organized around Corporate Finance, Forensic and Litigation Consulting, Economic Consulting, Technology and Strategic Communications. Company news includes quarterly results, segment performance and senior talent additions tied to restructuring, transactions, transformation, capital markets communications and regulated-industry advisory work.
Recurring updates also cover cybersecurity, data privacy, information governance, health and human services analytics, digital health and applied AI capabilities. Compass Lexecon affiliations add economics expertise for antitrust and other litigation-focused advisory work.
FTI Consulting (NYSE: FCN) announced the appointments of Scott Gibson and Marty Kuehne as Senior Managing Directors in its Aviation practice, enhancing its capabilities in strategy, growth, and talent development. Gibson brings over 35 years of airline strategy experience, while Kuehne, with nearly 40 years of expertise, will co-lead the Human Capital offering. These additions aim to optimize business operations and support the aviation industry's recovery post-COVID-19.
FTI Consulting (NYSE: FCN) announces a leadership transition in the EMEA region effective August 1, 2022. Kevin Hewitt, who has led as EMEA Chairman since 2017, will transition to EMEA Chair of Client Services, focusing on client relationships and talent acquisition. Lars Fæste will succeed him as EMEA Chairman, taking on executive responsibility for growth and new market entry. Fæste joins from Boston Consulting Group with 25 years of experience in management consulting. This transition aims to strengthen leadership and enhance service offerings in the EMEA region.
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FTI Consulting (NYSE: FCN) has appointed Cyril Naudin as a Senior Managing Director in its Forensic and Litigation Consulting segment in France, effective May 3, 2022. With over 20 years of expertise in financial crime investigations and compliance, Naudin aims to enhance FTI's capabilities in forensic services across the EMEA region. His appointment follows the recent hiring of Karl Payeur as the leader of the French practice. FTI Consulting generated $2.78 billion in revenue during fiscal year 2021.
Intrinsic, LLC has launched a new Transaction Opinions practice, led by Managing Director Garrett Wilson, formerly of FTI Consulting (NYSE: FCN). This new division aims to meet rising demand for independent fairness and solvency opinions from private equity and institutional investors. The practice will also include Mark Lorch and Evan Lewis, enhancing expertise in transactional advisory services. CEO Alex Hodgkin emphasized the firm’s commitment to supporting boards of directors in fiduciary responsibilities during critical financial transactions.
FTI Consulting (NYSE: FCN) reported first quarter 2022 revenues of $723.6 million, a 5% increase from $686.3 million in Q1 2021. EPS was $1.66, down 10% from $1.84 year-over-year. Adjusted EBITDA fell to $90.5 million, representing 12.5% of revenues, compared to 14.5% in the prior year. The decline in net income to $59.3 million was attributed to higher SG&A and compensation expenses. The Corporate Finance & Restructuring segment saw a 12% rise in revenues, while Economic Consulting revenues dropped 1.9%.
FTI Consulting (NYSE: FCN) has expanded its Financial Crime Compliance practice with the addition of Senior Managing Director Jackie Yu and Managing Director Lilian Sin. Yu, based in Shanghai, will lead the practice in China, leveraging his extensive experience in AML and sanctions compliance. Sin, located in Hong Kong, will assist in navigating increasingly complex regulatory challenges in the region. Their appointments reflect FTI's commitment to enhancing client support in Asia amid evolving financial regulations.
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FTI Consulting (NYSE: FCN) announced the appointment of Deepak Chaudhry as Senior Managing Director and National Digital Health Leader. With over 20 years of experience in technology and healthcare, Chaudhry will enhance the firm’s digital health services, focusing on digital transformation, emerging technology, and cybersecurity. Previously, he led BDO Digital's National Healthcare Technology practice and oversaw interoperability projects in Houston. FTI Consulting aims to help clients navigate complex digital challenges.
FTI Consulting (NYSE: FCN) has appointed Enrique Ubarri as Senior Managing Director in its Financial Services practice, focusing on anti-money laundering and consumer finance. With over 20 years of experience, Ubarri's expertise in regulatory compliance is expected to aid clients in navigating evolving regulatory landscapes. His appointment follows Troy Kubes's joining as Managing Director, enhancing the firm's leadership in financial advisory services. FTI Consulting generated $2.78 billion in revenues in 2021, indicating robust financial performance.