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FTI Consulting Adds Former Mexican Government Energy Official to Growing Litigation & Disputes Resolution Practice

Retrieved on: 
Wednesday, March 27, 2024

WASHINGTON, March 27, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Veronica Irastorza as a Senior Managing Director in the Litigation & Disputes Resolution practice within the firm’s Economic Consulting segment.

Key Points: 
  • WASHINGTON, March 27, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Veronica Irastorza as a Senior Managing Director in the Litigation & Disputes Resolution practice within the firm’s Economic Consulting segment.
  • Ms. Irastorza joins FTI Consulting with more than 20 years of experience supporting clients with issues related to competition, regulation, economics of contracts, markets, damages, valuations, disputes and arbitrations, primarily in the energy sector.
  • “As energy investment continues to grow in Latin America, political and regulatory changes in an industry that is transitioning worldwide are resulting in a growing number of disputes,” said Dr. Jose Alberro , a Senior Managing Director in the Litigation & Dispute Resolution practice and Head of International Arbitration for Latin America at FTI Consulting.
  • The team joins a growing practice of experts across Canada, the United States and Latin America led by Dr. Randal Heeb .

FTI Consulting Study Reveals Significant Communications Gaps Between CISOs and C-Suites Despite Increased Focus on Cybersecurity

Retrieved on: 
Tuesday, March 26, 2024

FTI Consulting’s first installment of the “CISO Redefined” series, released in 2022, took the inverse approach and surveyed CISOs.

Key Points: 
  • FTI Consulting’s first installment of the “CISO Redefined” series, released in 2022, took the inverse approach and surveyed CISOs.
  • According to the C-suite study, 94% of C-suite executives surveyed believe cybersecurity issues increased in prominence over the past 12 months, and a majority deem cybersecurity a critical or high priority.
  • As far as organizational alignment, 58% of CISOs confirmed they struggle to translate technical language to senior leadership in a meaningful way.
  • FTI Consulting also conducted an online survey between June and July 2022 of 165 CISOs and those in charge of information and cybersecurity, representing U.S. companies with $4.4 trillion in aggregated revenues and employing over 528,000 people.

FTI Consulting Expands Transfer Pricing Expertise in the United States with Addition of Cedric Bernardeau

Retrieved on: 
Monday, March 18, 2024

Mr. Bernardeau, who is based in New York, has 30 years of experience with transfer pricing and supply chain/value chain operating model advisory matters.

Key Points: 
  • Mr. Bernardeau, who is based in New York, has 30 years of experience with transfer pricing and supply chain/value chain operating model advisory matters.
  • He has served both U.S. and non-U.S. multinational companies in analyzing their value chain as well as designing and supporting the implementation of new business models.
  • Commenting on his appointment, Mr. Bernardeau said, “When thinking about opportunities in any tax jurisdiction, it’s critical that organizations prioritize compliance and transparency.
  • FTI Consulting’s global platform provides the reach that companies need to help them manage international business challenges and opportunities.

FTI Consulting Names Jiva Jagtap as Global Leader of Private Equity

Retrieved on: 
Tuesday, March 12, 2024

WASHINGTON, March 12, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Jiva J. Jagtap as Global Leader of the firm’s Private Equity service offering .

Key Points: 
  • WASHINGTON, March 12, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Jiva J. Jagtap as Global Leader of the firm’s Private Equity service offering .
  • In his role as Global Leader of the Private Equity service offering at FTI Consulting, he will lead a diversified cross-segment team of professionals across the firm’s global network who support private equity clients throughout the transaction lifecycle, from ideation, validation and assessment through transaction execution, value creation and eventual exit.
  • FTI Consulting is a trusted advisor to all 10 of the top 10 firms on the Private Equity International 300 list and serves over 300 private equity firms globally.
  • When firms choose FTI Consulting, we are trusted partners through the entire investment lifecycle.”
    Visit FTI Consulting’s Private Equity service offering webpage to learn more, and click here to sign up to receive Private Equity insights.

FDA Roundup: March 22, 2024

Retrieved on: 
Friday, March 22, 2024

On Thursday, the FDA updated the Breakthrough Devices Program webpage to update the device designations data and the marketing authorizations list.

Key Points: 
  • On Thursday, the FDA updated the Breakthrough Devices Program webpage to update the device designations data and the marketing authorizations list.
  • From launch of the Breakthrough Devices Program through December 31, 2023, in total, the FDA granted 933 Breakthrough Devices designations and authorized 95 Breakthrough Devices for marketing.
  • On Thursday, the FDA approved safety labeling changes for fluorouracil injection products.
  • These changes also enable the FDA to more effectively respond to new information on the safety and use of food contact substances.

FTI Consulting and Jamf Improve Incident Response to Mobile Device Threats with Strategic Relationship

Retrieved on: 
Thursday, March 7, 2024

WASHINGTON, March 07, 2024 (GLOBE NEWSWIRE) -- Jamf (NASDAQ: JAMF), the standard in managing and securing Apple at work, and FTI Consulting, Inc .

Key Points: 
  • WASHINGTON, March 07, 2024 (GLOBE NEWSWIRE) -- Jamf (NASDAQ: JAMF), the standard in managing and securing Apple at work, and FTI Consulting, Inc .
  • (NYSE: FCN), a global business advisory firm, today announced a strategic relationship to help organizations around the world improve incident response capabilities regarding mobile device threats.
  • Through the alliance, FTI Consulting strengthens its cybersecurity offering with Jamf’s unique and market-leading security product, Jamf Executive Threat Protection , a mobile endpoint security and threat defense platform that proactively manages cyber risks and detects the most sophisticated threats facing mobile devices.
  • Our cutting-edge software identifies anomalies, while our relationship with FTI Consulting ensures swift incident response and detailed digital forensic analysis,” said Carlos Blanco, VP, Channel and Alliances, Jamf.

CARBIOS Active, the enzymatic solution for 100% compostable PLA, added to FDA Inventory of Food Contact Substances

Retrieved on: 
Tuesday, March 5, 2024

With this milestone, CARBIOS Active can be used to make packaging materials that are sold in the United States and come into contact with food, including rigid and flexible packaging, and other applications.

Key Points: 
  • With this milestone, CARBIOS Active can be used to make packaging materials that are sold in the United States and come into contact with food, including rigid and flexible packaging, and other applications.
  • PLA plastic which includes this unique enzymatic solution is certified for industrial and home composting.
  • CARBIOS Active was recently certified by the Biodegradable Products Institute (BPI) , North America’s leading authority on compostable products and packaging.
  • Emmanuel Ladent, CEO of CARBIOS: “For CARBIOS, product safety is of utmost priority and we consider FCN from the FDA as the gold standard.

FTI Consulting Acquires Madison Consulting Group

Retrieved on: 
Monday, March 4, 2024

WASHINGTON, March 04, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced that it has acquired Madison Consulting Group, an actuarial consulting firm with 25 billable professionals and offices in Madison, Ga., and Newtown Square, Pa. The addition of Madison Consulting Group expands the firm’s property and casualty actuarial and compliance offerings within the Global Insurance Services practice in the Forensic and Litigation Consulting segment. Terms of the transaction were not disclosed.

Key Points: 
  • WASHINGTON, March 04, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced that it has acquired Madison Consulting Group, an actuarial consulting firm with 25 billable professionals and offices in Madison, Ga., and Newtown Square, Pa.
  • The addition of Madison Consulting Group expands the firm’s property and casualty actuarial and compliance offerings within the Global Insurance Services practice in the Forensic and Litigation Consulting segment.
  • As part of the transaction, Madison Consulting Group President Mark Crawshaw joins FTI Consulting as a Senior Managing Director, and Tina Knight, Leslie Marlo and John Gleba join as Managing Directors.
  • The services they provide complement our existing actuarial capabilities and greatly add to our ability to serve property and casualty insurers.”
    Dr. Crawshaw began his actuarial career in 1984 and joined Madison Consulting Group in 1988.

FTI Consulting Reports Record Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, February 22, 2024

Steven H. Gunby , President and Chief Executive Officer of FTI Consulting, commented, "In 2023, we continued our sustained, multi-year growth trajectory and once again delivered record revenues and earnings.

Key Points: 
  • Steven H. Gunby , President and Chief Executive Officer of FTI Consulting, commented, "In 2023, we continued our sustained, multi-year growth trajectory and once again delivered record revenues and earnings.
  • Fourth quarter 2023 revenues of $924.7 million increased $150.3 million, or 19.4%, compared to revenues of $774.4 million in the prior year quarter.
  • Fourth quarter 2023 Adjusted EPS of $2.28 compared to Adjusted EPS of $1.52 in the prior year quarter.
  • FTI Consulting will host a conference call for analysts and investors to discuss fourth quarter and full year 2023 financial results at 9:00 a.m. Eastern Time on Thursday, February 22, 2024.

Compass Lexecon Announces Executive Leadership Appointments

Retrieved on: 
Thursday, February 15, 2024

WASHINGTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced several global leadership appointments at its Compass Lexecon subsidiary.

Key Points: 
  • WASHINGTON, Feb. 15, 2024 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced several global leadership appointments at its Compass Lexecon subsidiary.
  • Mark Israel has been named as President of Compass Lexecon and will continue to serve as Head of Compass Lexecon’s North American Antitrust practice.
  • Jorge Padilla , who previously served as Head of Compass Lexecon EMEA, is assuming the role of Chair of Compass Lexecon EMEA.
  • I look forward to supporting them as EMEA Chair, and I am pleased to focus my efforts on client work and attracting and developing the next generation of Compass Lexecon experts.”
    Commenting on the leadership appointments, Mr. Fischel said, “Because of all our colleagues, Compass Lexecon is the world’s leading economic consulting firm.