The move back into the UK by US restructuring giant FTI, after a rather undistinguished period operating an interim management business this side of the pond, has raised a few eyebrows in the market.

Why back so soon after FTI Palladium Partners sunk?

Industry insiders have proffered a few reasons why the firm is here – and why it failed first time around.

Palladium operated with a couple of ‘big-hitters’ on its team – namely Mark Palios and Trevor Birch. One expert suggests that these high-profile players could have proved intimidating to potential clients.

The previous launch also covered a flat spot in the restructuring marketplace, but the firm’s US rivals have stuck it out in the UK.

So FTI could not afford to leave other major US firms AlixPartners and Alvarez & Marsal sewing up a chunk of the European market.

FTI Consulting senior MD Kevin Hewitt has admitted as much.

‘My sense is that the key restructuring talent in the market is now giving serious consideration as to where they want to be positioned when the current credit cycle comes to an end,’ said Hewitt.

The need for restructuring advice beckons, FTI hopes.