FTI launches European restructuring business in London

By Jennifer Chiou

New York, May 22 - FTI Consulting, Inc. announced the launch of its London-based European restructuring advisory practice with the recent hiring of 11 restructuring professionals with experience in the European marketplace.

The practice provides financial and operational services to a range of stakeholders, including senior and junior debt providers, shareholders and corporations, and is part of FTI Consulting's restructuring practice in the United States, according to a company news release.

Senior managing directors Kevin Hewitt, Paul Inglis and David Morris will lead the London team. They were formerly partners within Ernst & Young's restructuring practice.

"We will be hiring new talent into our business and looking at potential acquisitions to accelerate our European growth strategy," Hewitt said in the release.

"My sense is that the key restructuring talent in the market is giving serious consideration, now, as to where they want to be positioned when the current credit cycle comes to an end. Our launch is therefore very timely in offering a real differentiated choice in the market."

Hewitt spent nine years as a restructuring partner at Ernst & Young, where he was responsible for a team of 25 restructuring professionals who provided advice to bank creditors, private equity and executive management teams in complex financial restructuring and refinancing assignments.

Inglis brings 16 years of restructuring experience across a range of public and private companies with broad experience that includes strategic, operational and financial assessments, crisis management and stabilization, the assessment of management teams, financial restructuring and refinancing, multi-tiered stakeholder management and complex stakeholder options analysis.

Morris has 14 years of experience specializing in complex financial restructuring, working for lenders, investors and executive management teams.

FTI Consulting is a Baltimore-based provider of restructuring, corporate finance and economic consulting services.

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