FTI Consulting Appoints Ben Waters to Lead its Asia Pacific Agribusiness Industry Team

Corporate Finance & Restructuring

April 7, 2014

FTI Consulting is pleased to announce the appointment of Ben Waters as Senior Managing Director and Head of the Asia Pacific Agribusiness industry team within the Company's Corporate Finance/Restructuring segment. Mr. Waters will be based in Sydney.

Mr. Waters joins FTI Consulting from corporate recovery and advisory firm, McGrathNicol, and brings 14 years of formal insolvency and informal advisory experience to the firm's Agribusiness team. Mr. Waters has directed numerous trade-on matters, asset sales and independent advisory projects within the beef (including stud stock and feedlotting), dairy, horticulture, cotton, irrigated fodder and broadacre cropping sectors. Furthermore, he has experience across the agriculture supply chain, including the processing and accumulation of agricultural products. During 2012 and 2013, Mr. Waters undertook a 15-month assignment at one of Australia's largest banks, during this time he managed a portfolio of distressed borrowers across a range of agricultural industries allowing him to gain valuable insight into the relationship between lenders and their agricultural borrowers.

"The agricultural industry in Asia Pacific is facing a sea of change driven by the region's expanding populations and increasing consumer awareness of dietary requirements, which in turn is impacting consumer behaviour. To take advantage of the opportunities presented by these transitions, businesses must evolve, embrace innovation and manage the availability of capital effectively," said Rod Sutton, Chairman of the Asia Pacific region at FTI Consulting. "As such, we are delighted to have a professional of Ben's calibre join us as we continue to enhance our offerings in the agribusiness sector; his extensive experience and proven track record of success in the industry will undoubtedly be valuable assets to our clients seeking services in this field."

"In synergy with the strategy of FTI Consulting's successful North American Agriculture industry team and the broader FTI Consulting advisory business, our intention is to provide opportunities for the flow of much needed capital into the agricultural space. There are many exciting opportunities in agriculture at the moment and the key will be to link the right opportunities to the right type of capital. Our ability to do this comes from a deep understanding of agriculture and a hands-on approach to ensure the opportunity is tailored and appropriate for our clients," Mr. Waters said. "At the same time, our frameworks for managing distressed assets, which range from quick reviews analysing high-level debt serviceability through to restructuring engagements and formal insolvency appointments, will provide concise and meaningful options to our clients along with an implementation plan for the most appropriate solution."

In addition to Mr. Waters, Hugh Campbell has also joined FTI Consulting's Asia Pacific Agribusiness industry team from McGrathNicol as a Director. Mr. Campbell, who will be based in Sydney, specialises in agricultural advisory and restructuring appointments and brings a broad knowledge of the agricultural industry to the team. He has carried out engagements within the viticulture, beef, dairy, horticulture and broadacre cropping sectors.

Mr. Waters has a bachelor's degree in Commerce, majoring in Agricultural Economics, from the University of Sydney. He is a member of the Institute of Chartered Accountants in Australia.

Mr. Campbell has a bachelor's degree in Commerce, majoring in Accounting and Finance, from the University of Sydney. He is also a member of the Institute of Chartered Accountants in Australia.

Mr. Waters and Mr. Campbell will complement FTI Consulting's existing Agribusiness capabilities in Australia, and particularly those business teams led by Ian Francis (Senior Managing Director, Perth) and John Corbett (Managing Director, Brisbane). The industry team has previously undertaken numerous large agribusiness engagements throughout a wide variety of sectors and locations.

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