BusinessBusiness RecoveryFTI opts for fresh attempt at UK market

FTI opts for fresh attempt at UK market

The move back into the UK by US restructuring giant FTI raises a few eyebrows in the market

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.

Related Articles

Carillion CFO blew whistle over 'sloppy accounting' months before collapse

Business Recovery Carillion CFO blew whistle over 'sloppy accounting' months before collapse

3m Alia Shoaib, Reporter
Toys R Us UK and Maplin enter into administration after failing to secure buyers

Business Recovery Toys R Us UK and Maplin enter into administration after failing to secure buyers

3m Alia Shoaib, Reporter
How to avoid a Carillion collapse

Business Recovery How to avoid a Carillion collapse

4m Russell-Cooke
Carillion collapse: The week so far and industry reaction

Business Recovery Carillion collapse: The week so far and industry reaction

4m Emma Smith, Managing Editor
Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

Business Recovery Kingston Smith & Partners appointed trustees in bankruptcy of ex-Newcastle United footballer

4m Emma Smith, Managing Editor
Carillion: PwC appointed as special managers – what happens now?

Business Recovery Carillion: PwC appointed as special managers – what happens now?

4m Emma Smith, Managing Editor
Investment firm acquires Avon Steel Company Limited

Business Recovery Investment firm acquires Avon Steel Company Limited

5m Emma Smith, Managing Editor
Manchester law firm enters into administration

Business Recovery Manchester law firm enters into administration

5m Emma Smith, Managing Editor