FTI Consulting Hires Mark Belanger, Daniel Galante, Richard Hershman and Lisa Troe
Senior Managing Directors Augment FTI's Investment Banking, Transaction Advisory Services & Forensic and Litigation Consulting Expertise
Annapolis, MD - October 13, 2005
FTI Consulting, Inc. (NYSE: FCN), a premier provider of problem-solving consulting and technology services to major corporations, financial institutions and law firms, today announced the appointments of four new senior managing directors. Mark Belanger joins FTI Capital Advisors, LLC; Daniel Galante joins the Transaction Advisory Services group; and Richard Hershman and Lisa Troe join the Forensic and Litigation Consulting practice.
Commenting on the new appointments, Dominic DiNapoli, FTI's chief operating officer, said, “The interests of our clients are at the core of every hiring decision we make. Our priority is to continue to deliver the value and innovation our clients expect from FTI Consulting. To that end, Mark, Dan, Richard and Lisa are leaders in their respective fields and it is with great pleasure that we welcome them to our team.”
Mark Belanger joins FTI Capital Advisors, LLC, the company's wholly owned investment banking subsidiary, as senior managing director in the New York office. He will lead the team's energy and natural resources effort. Mr. Belanger, who has more than13 years experience in the investment banking field, will advise clients in mergers and acquisition transactions and on raising debt and equity capital in the private and public sector.
Prior to joining FTI, Mr. Belanger held senior banking positions at both Credit Suisse First Boston and Banc of America Securities, where he was responsible for client coverage as well as origination and execution of merger and acquisition mandates for the power, utilities, gas pipeline and midstream sectors. He has acted as senior banker on transactions exceeding $25 billion, serving clients across a broad spectrum of energy and natural resource-based sectors including power, utilities, gas pipeline, midstream processing, oil and gas oilfield services, forest products and chemicals. In addition, Mr. Belanger served as a consultant to Chanin Capital Partners where he provided advice to clients on energy related matters.
Mr. Belanger holds a BA in Economics from the University of Toronto and an MBA from the University of Western Ontario.
Daniel Galante joins as senior managing director in FTI's Transaction Advisory Service within the Corporate Finance/Restructuring practice, and will reside in the Chicago office. In his new role, Mr. Galante will advise clients on financial, operational and commercial issues relating to acquisition and divestiture transactions, with a particular emphasis on middle-market companies.
With 17 years experience, Mr. Galante was most previously a partner in the transaction advisory services group at a Big 4 accounting firm where he was responsible for developing relationships with middle-market financial investors including private equity funds, hedge funds and senior lenders. In his career, he has actively led more than 300 transaction diligence engagements for private equity and strategic corporate acquirers of middle-market businesses. He has experience with multiple investment approaches including stand-alone acquisitions, corporate carve-outs, bankruptcy auctions, mergers and industry consolidations in almost every non-regulated industry. Mr. Galante also held a leadership position in the accounting firm's Chicago office focusing on increasing relationships in the venture capital and private equity markets. Previously, Mr. Galante spent two years in London in the strategic growth markets advisory group where he managed a client portfolio and provided audit, diligence and other advisory services to US companies investing in Europe.
Mr. Galante is an alumni of the Harvard Business School and holds a Masters and Bachelors in accountancy from DePaul University. He is a CPA and member of the Chicago Chapter's Association for Corporate Growth, the American Institute of Certified Public Accountants (AICPA) and the Illinois CPA Society.
Richard Hershman joins as senior managing director in FTI's Forensic and Litigation Consulting practice, and will be based in the New York office. Mr. Hershman has more than 30 years of experience with an extensive background in the insurance industry with particular emphasis in the property casualty arena. In his new role, Mr. Hershman will lead the FLC segment's insurance industry services. Mr. Hershman has experience in accounting, auditing, financial investigations, and complex financial matters involving financial reporting and the application of generally accepted accounting principles (GAAP) and statutory accounting principles.
Prior to joining FTI, Mr. Hershman was managing partner of Allegent Growth Strategies International, a financial consulting firm. Clients covered the full spectrum of the insurance industry including brokers, agents, carriers and technology companies. Mr. Hershman also served as CEO of Allegent Technology Group, a start-up network security company with proprietary technology which was used during the Olympic Games in Athens.
Previously, Mr. Hershman was executive vice president, chief financial and administrative officer at Decision Strategies Fairfax International, an international intelligence, investigations and security consulting firm, where he also served the company's insurance industry clients. Mr. Hershman's career includes service as an audit partner at a large national accounting firm specializing in the insurance industry. In addition, he was an executive vice president, chief financial officer and member of the board of Home Insurance through its contract with Risk Enterprise Management Limited, the Zurich entity formed to administer the Home run-off. He has also sat on the board and audit committees of several other insurance companies.
Mr. Hershman is a CPA and received a BS in accounting from SUNY at Buffalo and a MBA in taxation from Barnard Baruch College. He a member of the AICPA, New York State Society of Certified Public Accountants, Society of Insurance Financial Management and the Insurance Federation of New York.
Lisa Troe joins as senior managing director in FTI's Forensic and Litigation Consulting practice. Ms. Troe will be based in FTI's Los Angeles office and in her new role will focus on client engagements involving GAAP/GAAS matters. Ms. Troe comes to FTI after a distinguished ten-year career with the SEC where, most recently, she was the regional chief enforcement accountant and branch chief, Office of Enforcement, for the SEC's Pacific regional office. In this dual role, her responsibilities included evaluating possible new cases to determine whether to initiate investigations, and developing case theories, designing investigation plans and supervising investigative work.
Prior to her 10 years with the SEC, Ms. Troe was a senior accountant for Santa Fe Pacific Pipelines, the general partner of Santa Fe Pacific Partners, a $200 million pipeline common carrier, where her responsibilities included preparing SEC and other regulatory filings. Before joining Santa Fe Pacific Pipelines, she spent four years in the Los Angeles office of Deloitte & Touche supervising teams on high risk audit and due diligence engagements and providing support to clients in mergers and acquisitions, IPOs and other transactions.
Ms. Troe holds a Bachelor of Science, Business Administration from the University of Colorado where she majored in accounting. She is a CPA and a member of the AICPA.
About FTI Consulting
FTI is a premier provider of problem-solving consulting and technology services to major corporations, financial institutions and law firms when confronting critical issues that shape their future and the future of their clients, such as financial and operational improvement, major litigation, mergers and acquisitions and regulatory issues. Strategically located in 24 of the major US cities, London and Melbourne, FTI's total workforce of more than 1,100 employees includes numerous PhDs, MBAs, CPAs, CIRAs and CFEs, who are committed to delivering the highest level of service to clients. Additional information is available at: www.fticonsulting.com.