London , UK
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April 14, 2008
FTI Consulting Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organisations protect and enhance their enterprise value, today announces the appointment of Stephen Welch as a Senior Managing Director to lead its London-based European Transaction Advisory business. Stephen will work within FTI’s European Corporate Finance Practice, established in London in May 2007, to grow a complementary transaction services business in line with the European expansion plans of FTI Consulting.
Stephen brings with him over 14 years of experience in leading financial and commercial due diligence projects, valuations and assisting clients to develop and manage transactions. Prior to joining FTI, Stephen was a corporate finance partner at McGrathNicol and previously a principal at Ernst & Young in Australia.
In addition to acting as lead advisor on a range of buy and sell side commercial and financial due diligence projects, Stephen has completed numerous independent expert and valuation engagements for both corporate and private equity clients as well as undertaking key investigating accounting projects. He has advised governments, private equity groups, listed and unlisted funds and other financial institutions on complex transactions covering a range of sectors, including; defence, technology, energy, manufacturing, real estate and general insurance. Stephen brings particular technical expertise in structured finance and infrastructure investment.
Stephen’s appointment comes twelve months after the launch of FTI’s London-based European Corporate Finance Practice and represents the latest strategic expansion of its global offering.
Commenting on Stephen’s appointment, Kevin Hewitt, Head of Corporate Finance in Europe said “Stephen is a fantastic addition to our growing team. Since we launched our European Corporate Finance Practice last year, we have seen a significant increase in demand for our service offering in European markets. Stephen’s experience and expertise in both transaction support services and valuations will complement our current financial restructuring and transaction tax capabilities and will allow us to provide additional services to our clients across Europe.”
Ed Bartko, Global Head of Transaction Advisory Services, added “The US TAS practice has grown significantly in the last 3 years and has proven to be extremely valued by our clients. As the needs and requirements of our clients expand and become increasingly global, so we are developing our business to reflect that. Stephen’s appointment in London is a further important step in building a global transaction advisory practice that leverages the broad experience, strong track record and deep industry knowledge of our talented and trusted advisers.”
About FTI Consulting, Inc.
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 3,000 employees located in most major business centres in the world, we work closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. More information can be found at www.fticonsulting.com.
Safe Harbor Statement
This press release includes "forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 that involve uncertainties and risks including statements related our future financial results. There can be no assurance that actual results will not differ from the company's expectations. The Company has experienced fluctuating revenue, operating income and cash flow in some prior periods and expects this will occur from time to time in the future. As a result of these possible fluctuations, the Company’s actual results may differ from our projections. Further, preliminary results are subject to normal year-end adjustments. Other factors that could cause such differences include the pace and timing of the consummation and integration of past and future acquisitions, the Company's ability to realize cost savings and efficiencies, competitive and general economic conditions, retention of staff and clients and other risks described under the heading “Item 1A. Risk Factors” in the Company’s most recent Form 10-K and in the Company's other filings with the Securities and Exchange Commission. We are under no duty to update any of the forward-looking statements to conform such statements to actual results or events and do not intend to do so.
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