FTI Consulting Expands Economic Consulting Segment in Asia Pacific
New Offering in New Delhi to Serve Growing Market Demand in India
FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organisations protect and enhance their enterprise value, today announced the expansion of its Economic Consulting segment in Asia Pacific with the establishment of a new office in New Delhi. The new office will focus on offering both domestic and international dispute resolution services for clients and inbound investors who are based in India.
The Economic Consulting segment in New Delhi will be led by Montek Mayal, a specialist in financial valuation in complex commercial disputes. Mr. Mayal joined FTI Consulting in 2009 and was originally based in the firm's London office and then in the Singapore office. Mr. Mayal has advised clients across a range of industries, including chemical, energy and luxury goods. He has also advised major telecommunications companies during spectrum auctions and bidding processes.
Rod Sutton, Chairman of Asia Pacific for FTI Consulting commented, "As a global leader in provision of valuation and economic expert witness services, FTI Consulting aims to have a presence in every major market. It was therefore only natural to have an Indian presence. India is continuing to develop into a major player on the global stage. Our decision was simple, our clients both locally and globally, wanted us there, but we didn't move until we had the right team in place. Our team brings the right blend of local talent and international expertise to provide an edge in the market. We look forward to growing with India."
Commenting on the official launch of the new service offering, James Searby, Head of Economic Consulting in FTI Consulting's Asia Pacific region, said, "I am delighted to announce the opening of our new office in New Delhi. We decided to extend our Economic Consulting segment into India as it is increasingly becoming a hotspot for large and complex disputes, a consequence of the country's maturing market. After several years of modest growth, India's economy is now set for significant expansion. A knock on effect of this will be higher demand for dispute services. Our new office will enable us to offer firms and foreign investors in India a local service tailored to their needs."
Mr. Mayal commented, "Indian parties often have their disputes dealt with through arbitration in Singapore, due to a lack of domestic expertise. Having experts on the ground in New Delhi who are able to conduct damages assessment, valuation and advisory work, will enhance the service we are able to provide in both domestic and international disputes. With cross-border transactions and investments projected to increase, we expect demand for our services to grow with time."
The new service offering marks an addition to FTI Consulting's existing capabilities in India, which include teams in Mumbai from the Strategic Communications segment and Global Risk and Investigations Practice. The New Delhi office follows the establishment of other regional dispute resolution services in Singapore in 2011, and Dubai earlier in the year.