FTI Consulting Launches International Arbitration Service in Singapore
New regional offering to serve growing market demand in Asia
WEST PALM BEACH, Fla., July 28, 2011 /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 the launch of its International Arbitration service in Singapore. James Searby, a recognized leader in his field, will lead the effort.
The International Arbitration team at FTI Consulting works with companies, governments and law firms to provide independent advice and expert testimony on damages quantum and related issues at each stage of the dispute resolution cycle. The opening of the Asian International Arbitration operation comes in response to the growing number, size and complexity of arbitration cases involving Asian companies and governments that the firm is seeing, as well as the significant increase in both international and domestic arbitration cases submitted to Asian arbitration institutes. The launch also is part of the firm's general strategy to develop its practices across this region.
"This move is a logical step for FTI," said Jack Dunn, president and chief executive officer. "Asia is a rapidly growing market for the firm, and we are seeing an increasing need for dispute resolution there. Our International Arbitration professionals already have worked on a number of purely Asian-focused arbitrations in countries such as Thailand, China and Malaysia, and our presence in Singapore further demonstrates the firm's commitment to local and regional expertise in international arbitration for our clients. James is a seasoned professional who has demonstrated his ability to handle large, complex disputes, and we are pleased that he has agreed to relocate to Singapore to represent our International Arbitration service."
Rod Sutton, chairman of the Asia Pacific region for FTI Consulting commented, "We are delighted to have James on the ground in Singapore, where he and some of our other professionals in Hong Kong, Singapore and elsewhere already have begun to collaborate on a number of client engagements. This is an important step in bringing the full breadth of FTI Consulting to our clients in this region."
During his career, Mr. Searby has worked closely with clients and testifying experts to assess complex damages in a range of high-value international arbitration (treaty and commercial) and litigation cases in matters such as alleged expropriation, lost profits, breach of contract, patent infringement, shareholder disputes, supply of defective equipment and other matters. The range of Mr. Searby's industry experience includes telecoms, oil and gas, chemicals, tobacco, construction, life insurance and banking. He has worked with clients in the Far East and Australasia; Western, Central and Eastern Europe; North America; and the Middle East.
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 more than 3,700 employees located in 22 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. The company generated $1.4 billion in revenues during fiscal year 2010. More information can be found at http://www.fticonsulting.com/.
SOURCE FTI Consulting, Inc.