FTI Consulting Announces Further European Expansion
Madrid office to support client needs in Europe and Latin America and represents another step in FTI's plan to expand outside the U.S.
WEST PALM BEACH, Fla., Oct. 9 /PRNewswire-FirstCall/ -- FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced that it has expanded its presence in Europe with the opening of a new office in Madrid, Spain. Initially, the new Madrid office will focus on activities related to the Forensic and Litigation Consulting segment.
The new office will be led by Mariela Geier, Managing Director, and will deliver global risk advisory, business intelligence, forensic accounting and litigation support services to FTI Consulting clients in Spain and across Europe. Jose Maria Pineiro, Director, will also provide services from the Madrid office and has experience with forensic accounting, investigation, corporate advisory and restructuring matters.
Ms. Geier has managed and supervised complex corporate, financial and internal investigation assignments. Her case work has included corporate investigations involving allegations of fraud, corporate corruption, falsification of products and grey market, reputational due diligence, asset searches, competitive intelligence, as well as matters involving international commercial disputes, in the United States, Europe, Latin America and the Caribbean. Ms. Geier has relevant experience in FCPA by combining investigative skills with technology, and financial solutions, in addition to knowledge of the local market. She is also a security expert in the areas of compliance and security management. She worked extensively on projects related to assessment and redesign of security programs and information security for a wide range of industries.
Mr. Pineiro's experience includes the review and analysis of companies in economic and financial crisis, analyzing business structures, sources of financing, reporting to corporate boards and working with management teams in restructuring distressed operations. Mr. Pineiro has conducted numerous cases related to forensic accounting, fraud investigations, hostile takeovers and litigation support for private and public companies. He has performed litigation support services in both in and out of Court Agreements.
"The opening of our office in Spain comes at an exciting time for FTI Consulting and follows a sustained period of international expansion in Europe, Asia and Latin America. We are excited to have Mariela and Jose on the team and to be in a position to broaden and deepen the services we can deliver to both new and existing clients," said Jack Dunn, President and CEO of FTI.
"It was just over a year ago that we opened a Forensic and Litigation Consulting office in London and in the first half of 2008 we announced the acquisitions of London-based Brewer Consulting Ltd as well as Forensic Accounting. Combined with equally rapid expansion in Latin America and Asia, FTI is continuing to focus on its stated goal of generating between 30 and 35 percent of revenue from international operations by 2012," added Dunn.
"The opening of an office in Madrid will further enhance an already dynamic and growing presence in Latin America and Europe, putting seasoned professionals within easy reach of a number of existing clients, and open the door for many new client opportunities. Spain is one of the largest investors in Latin America, and in Emerging Markets in general, and its economy has been one of the most dynamic in Europe in the last decade," said Frank Holder, Ibero-American Leader of FTI's Forensic and Litigation Consulting practice.
"We see tremendous opportunity in assisting companies and individuals with their business in Spain and abroad. Our team's international experience provides our clients with an exceptional market knowledge and insight that ultimately will enhance our ability to mitigate the overall business risks of our clients," added Holder.
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 3,000 employees located in most major business centers in the world, we work closely with clients every day to anticipate, illuminate, and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management and restructuring. More information can be found at www.fticonsulting.com.
Safe Harbor Statement
This press release includes "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934 that involve uncertainties and risks including statements regarding future financial results. There can be no assurance that actual results will not differ from the company's expectations. The Company has no prior experience operating an office in Spain and cannot predict the revenues, operating income, net income and/or cash flows (if any) that may by generated as a result of the Company's geographical expansion into that location. Other factors that could cause financial results to differ from expectations include local marketing efforts and FTI Consulting brand recognition and reputation, the Company's ability to attract clients and professionals, its ability to manage costs or realize cost savings and efficiencies, competitive and general economic conditions, seasonal fluctuations, and other risks described under the heading "Item 1A. Risk Factors" in the Company's most recent Form 10-K and in the Company's other filings with the Securities and Exchange Commission. We are under no duty to update any of the forward-looking statements to conform such statements to actual results or events and do not intend to do so.
SOURCE FTI Consulting, Inc.