Former E&Y partners launch FTI European practice

Three former
Ernst &
partners have helped set up the European division of major US
restructuring firm

Kevin Hewitt, Paul Inglis and David Morris are serving as senior managing
directors for FTI Consulting in Europe, which has its head office in London.

The firm is launching with 13 restructuring professionals, and will focus on
providing restructuring and advisory, and corporate finance products to clients.

‘We will be hiring new talent into our business and looking at potential
acquisitions to accelerate our European growth strategy,’ said Hewitt. ‘My sense
is that the key restructuring talent in the market are giving serious
consideration, now, as to where they want to be positioned when the current
credit cycle comes to an end.’

The launch follows FTI’s unsuccessful attempt to enter the interim management
market through Palladium Partners, which boasted Mark Palios and Trevor birch on
its books before FTI pulled out of the UK last year.

Further reading:

Palios and Birch consider new roles

Insider Business Club: business recovery
& turnaround

Insolvency specialists anxious as corporate failures

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