WASHINGTON - FTI Consulting, Inc. (NYSE: NYSE:FCN), a global business advisory firm, has announced the appointment of Caitlin Holmes and Mark Sexton as Senior Managing Directors in the Financial Services practice, part of the company's Forensic and Litigation Consulting segment. This move aims to enhance the firm's offerings in risk management and regulatory compliance amid a shifting landscape in the financial services industry.
Caitlin Holmes, based in Los Angeles, brings over twenty years of experience in financial management, risk and compliance, and project management. Her expertise includes advising on a range of engagements from the establishment of a COVID-19 pandemic relief program to multimillion-dollar improper payment assessments. At FTI Consulting, she will focus on helping clients improve their financial and operational performance. Holmes joins the firm from Guidehouse, where she was a Partner.
Mark Sexton, stationed in New York, has a 30-year tenure in the financial sector with a focus on enterprise risk management, regulatory compliance, and capital markets. His role at FTI Consulting will involve aiding clients in designing and implementing comprehensive risk management and compliance frameworks. Sexton's previous experience includes a Managing Director position at IBM (NYSE:IBM) Consulting's Promontory business unit and senior roles at JPMorgan Chase (NYSE:JPM), Citibank, KPMG, and the Federal Reserve Bank of New York.
Stella Mendes, Leader of the Financial Services practice at FTI Consulting, expressed enthusiasm for the appointments, highlighting the unique challenges that financial organizations face and the tailored solutions that Holmes and Sexton will provide to clients.
The appointments follow the earlier addition of Beji Varghese as a Senior Managing Director and are part of the firm's strategy to support financial institutions throughout all stages of the business cycle. FTI Consulting, with over 8,300 employees in 34 countries, generated $3.49 billion in revenue in fiscal year 2023. The company is known for its work in managing change, mitigating risk, and resolving a variety of disputes for organizations worldwide.
The information in this article is based on a press release statement from FTI Consulting, Inc.
In other recent news, FTI Consulting, a global business advisory firm, has demonstrated resilience in the face of market challenges. The firm reported a modest year-over-year revenue growth of 3.7% in the third quarter of 2024, with revenues reaching $996 million. However, earnings per share saw a decline to $1.85, down from $2.34 the previous year, coupled with a 13.3% decrease in adjusted EBITDA to $102.9 million. Despite these challenges, FTI Consulting revised its full-year revenue guidance to a range of $3.7 billion to $3.75 billion, with earnings per share expected between $7.90 and $8.35.
In a strategic move, FTI Consulting recently welcomed Brian Knudson as a Senior Managing Director in its Data & Technology Transformation practice. Knudson is set to leverage his three decades of experience in artificial intelligence (AI) and digital learning to develop and implement strategies for FTI Consulting's clients in various industries. Prior to this, he served as a Partner/Principal at Ernst & Young (EY), where he led the Global and Americas Learning Services practice and the EY Learning Lab.
In addition to these developments, FTI Consulting has significantly expanded its team, hiring 25 senior managing directors and over 320 campus recruits, marking the company's largest class yet. This underscores the firm's commitment to investing in talent and capabilities, particularly in AI and strategic areas. These recent developments indicate FTI Consulting's strategy to navigate market headwinds and deliver long-term shareholder value.
InvestingPro Insights
FTI Consulting's recent appointments of Caitlin Holmes and Mark Sexton as Senior Managing Directors align with the company's strong financial position and market performance. According to InvestingPro data, FTI Consulting boasts a market capitalization of $7.02 billion and has demonstrated solid revenue growth of 11.66% over the last twelve months as of Q3 2024, reaching $3.73 billion.
The company's focus on enhancing its risk management and regulatory compliance offerings is particularly timely, given its strong financial health. InvestingPro Tips reveal that FTI Consulting holds more cash than debt on its balance sheet, indicating a robust financial position to support its expansion and talent acquisition strategies.
Despite recent market fluctuations, with the stock trading near its 52-week low, FTI Consulting maintains a healthy P/E ratio of 22.3. This suggests that the market may be undervaluing the company's growth potential, especially considering its impressive EBITDA growth of 17.91% over the last twelve months.
For investors seeking more comprehensive analysis, InvestingPro offers additional tips and insights. Currently, there are 11 more InvestingPro Tips available for FTI Consulting, providing a deeper understanding of the company's financial health and market position.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.