Compass Lexecon Appoints Ofgem Chief Economist as Senior Vice President and Head of Research
London, 22 April 2020 — FTI Consulting, Inc. (NYSE: FCN) today announced that its Compass Lexecon subsidiary has appointed Joe Perkins, Chief Economist at the UK Office of Gas and Electricity Markets (“Ofgem”), as a Senior Vice President and Head of Research. Mr Perkins will be based in London from June 2020.
Mr Perkins will lead Compass Lexecon’s newly formed Research team to reinforce its leading approach to economic analysis. The Research team will be comprised of professionals with deep expertise in economic theory, financial economics, economic policy and data science. It will advance Compass Lexecon’s thought leadership and develop increasingly efficient methods to analyze complex data and construct compelling arguments grounded in empirical analysis. The team’s research will broaden and deepen all of Compass Lexecon economists’ specialist skillsets to offer clients the most effective, creative and cutting-edge analysis and advice.
At Ofgem, Mr Perkins was responsible for overall analytical strategy and quality assurance and analysis of potential energy sector developments. He led the delivery of Ofgem’s decarbonization action plan, as well as the analysis behind the setting of the retail energy price cap. He led Ofgem’s economics profession and served as Ofgem’s senior representative on the UK Regulators Network.
Prior to working at Ofgem, Mr Perkins was Director for Regulation, Consumers and Competition at the National Audit Office, responsible for value for money audits of economic and financial regulation and the competition and consumer protection regimes. He has also worked as an economist at HM Treasury and Oxford University.
“Joe joins at an incredibly exciting time of expansion for Compass Lexecon, whose EMEA practice has tripled in size over the last five years,” said Jorge Padilla, a Senior Managing Director and Head of Compass Lexecon EMEA. “Joe’s unique and pivotal research role will help ensure we remain at the forefront of economic thinking in our key service lines of competition, litigation, international arbitration, regulation, energy and IP. We welcome his exceptional talent and academic prowess, which will support our mission to continuously deliver authentic and best quality advice to our clients.”
Commenting on his appointment, Mr Perkins said, “I am delighted to be joining the team at Compass Lexecon and look forward to helping to increase further the firm’s expertise in tackling the complex issues that society and firms face. I’m particularly excited about developing world-leading capability in data analytics, which is already playing a crucial role in analyzing problems for Compass Lexecon’s clients.”
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