FTI Consulting (FCN) Announces Appointment of Senior MD

OMC IPG FCN G

FTI Consulting, Inc. (FCN - Free Report) yesterday announced that it has appointed Frank Sui as a senior managing director and co-leader of the Financial Services offering within its Corporate Finance & Restructuring segment.

Sui is an expert in driving transformational change at financial institutions, including retail banking, consumer finance, asset management and wealth management, insurance, payment networks and private equity portfolio companies.

He will be in charge of financial services efforts in FTI Consulting’s Business Transformation practice alongside senior managing director William Nolan. Sui will focus on improving the company’s expertise in advising mid-market banks, unsecured lenders and mortgage companies.

Sui has more than 30 years of experience in leading complex, extensive change initiatives such as merger integration, cost restructuring, outsourcing and operating model, and digital transformation.

Before joining FTI Consulting, he was a partner at AlixPartners and co-leader of the Financial Services Digital and Disruptive Innovation practice at Deloitte Consulting.

“Bringing together financial services expertise from across the FTI Consulting global platform, our Business Transformation practice works in stressed situations to improve performance enterprise-wide,” said Carlyn Taylor, global co-leader of the Corporate Finance & Restructuring segment at FTI Consulting.

We observe that shares of FTI Consulting have gained 52.6% over the past year, outperforming the 8% growth of the industry it belongs to.

Out Take

The appointment appears to be part of FTI Consulting’s efforts to enhance its employee skill set and improve offerings. It makes sense as structural change has become a necessity in the rapidly evolving global markets and management teams look to fend off rivals, protect intellectual property rights and transform businesses via M&A, divestiture and other restructuring activities.

These developments call for FTI Consulting’s specialized skill sets and are likely to boost revenues.

Zacks Rank & Stocks to Consider

FTI Consulting currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the broader Zacks Business Services sector are Interpublic (IPG - Free Report) , Omnicom (OMC - Free Report) and Genpact (G - Free Report) , each carrying a Zacks Rank #2 (Buy).  You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Long-term expected EPS (three to five years) growth rate for Interpublic, Omnicom and Genpact is 4.5%, 5.6% and 11.9%, respectively.

Today's Best Stocks from Zacks

Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%. This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.

See their latest picks free >>

Zacks Names "Single Best Pick to Double"

From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.

It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.

This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.

Free: See Our Top Stock and 4 Runners Up >>