FTI Consulting Strengthens Economic & Financial Consulting Practice in South Africa with the Appointment of a Team of Experienced Professionals from Econex
JOHANNESBURG, 20 MARCH 2019 – FTI Consulting, Inc. (NYSE:FCN) today announced the continued growth of its South African practice with the addition of a team of eight experts from Econex, a leading trade, competition and applied economics consultancy firm. The team will be led in Cape Town by Professor Nicola Theron, a Senior Managing Director who previously served as Econex’s Managing Director.
In addition, Dr Liberty Mncube, former Chief Economist at the Competition Commission and Professor of Economics at the University of Stellenbosch and the University of the Witwatersrand, will join as a Managing Director to lead the team in Johannesburg.
The addition of these experts significantly strengthens the range of economic consulting services FTI Consulting offers clients across the region, including economic studies, competition analysis, regulatory reviews, public policy, valuations, damages assessment and expert witness appointments. They will also work closely alongside the firm’s experts in strategic communications, corporate finance, forensic technology and financial investigations to offer clients an unparalleled combination of advice and expertise.
“The team at Econex are highly regarded and experienced economists in South Africa, and I am delighted that they have agreed to join us,” said Mark Bezant, a Senior Managing Director and Head of the EMEA Economic & Financial Consulting practice at FTI Consulting.
Petrus Marais, a Senior Managing Director and Head of FTI Consulting South Africa, added: “The arrival of Professor Theron and her team represents a clear statement of our aspirations in this rapidly developing market and, combined with the diverse range of expertise we are now able to offer, will enable us to continue our strong growth across the region.”
Econex was founded in 2005 to advise clients on competition and regulatory matters in South Africa and has provided expert economic advice in a number of cases which have made a notable impact on the country’s economic and business landscape.
Commenting on her appointment, Professor Theron said, “I am delighted that we are joining with FTI Consulting and very excited by what the future holds. The business, legal and regulatory landscape in South Africa is evolving at pace, and companies require ever more sophisticated support and advice. Our combined services, allied with FTI Consulting’s large international network of offices and experts, will therefore enable us to provide the best possible service to our clients.”