FTI Consulting Announces Further Expansion in Asia
Acquisition of Baker Tilly Hong Kong Business Recovery Ltd Significantly Expands FTI's Service Offering in Asia -
HONG KONG and NEW YORK, April 1, 2010 /PRNewswire via COMTEX/ --FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that is has significantly expanded its service offering in Asia through the acquisition of Baker Tilly Hong Kong Business Recovery Ltd. ("BTHKBR"). Terms of the transaction were not disclosed.
BTHKBR is a Hong Kong based company which provides forensic accounting, litigation support and restructuring services, including business valuation and financial due diligence. Upon acquisition, BTHKBR will change its name to FTI Consulting (Asia) Ltd. and will be integrated into FTI's existing Forensic and Litigation Consulting segment in Asia. BTHKBR's professional staff will report to Rob Morris, Senior Managing Director, who joined FTI on March 1, 2010 to lead its Asian Financial Consulting practice.
Commenting on the acquisition, Jack Dunn, FTI's President and CEO, said, "The acquisition of BTHKBR is in line with our strategy to deploy our full range of services in all of our important global markets. This acquisition will augment our existing investigations, business intelligence and strategic communications practices in Asia and will enable us to deliver a full suite of forensic accounting, litigation support and insolvency related services in this exciting marketplace. BTHKBR is a first rate firm and I have every confidence that its depth of experience and well qualified Chinese speaking professional staff will enhance FTI's ability to execute work not only in Hong Kong but also in mainland China and Taiwan."
Steve Vickers, the practice leader in Asia, said, "We are all very excited by the acquisition of BTHKBR, which will expand our service offering and add considerable capacity to our existing practice in Asia. The new team, working with Rob Morris, will position FTI as the credible and conflict-free alternative to the big four accounting firms. This will also enable us to capitalize on synergies within FTI's extensive global network."
Neal Hochberg, leader of FTI's Forensic and Litigation Consulting segment, commented, "Now that BTHKBR is part of FTI, our Asian group is in a position to expand our capabilities where we can offer comprehensive forensic accounting, financial investigations services and FCPA and related consulting work in addition to our existing offerings."
BTHKBR, founded in 2000, has been led by Simon Blade and Bruno Arboit, who are joining FTI as Senior Managing Directors. The company has a wide variety of corporate clients, and also undertakes government mandates, including court appointed work in the insolvency and liquidation area.
About FTI Consulting
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 approximately 3,500 employees located in most major business centers 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.
SOURCE FTI Consulting, Inc.