Majdi Al-Madani Joins as Senior Managing Director and Raed Masri Joins as Managing Director
Riyadh, Saudi Arabia, 23 January 2023 — FTI Consulting, Inc. (NYSE: FCN) as we speak introduced the appointments of Majdi Al-Madani as a Senior Managing Director within the agency’s Forensic and Litigation Consulting section and Raed Masri as a Managing Director within the Company Finance & Restructuring section in Riyadh, Saudi Arabia.
Mr. Al-Madani has greater than 20 years of expertise advising on forensic opinions and fraud investigations in a variety of sectors, together with banking, monetary companies, actual property, life sciences, maritime, agriculture and building. He assists corporates and banks on fraud-related issues, antibribery and corruption coverage and procedures, and regulatory and compliance issues. Previous to FTI Consulting, Mr. Al-Madani was a companion at a worldwide administration consulting agency. He beforehand held management roles at two Large 4 corporations in Saudi Arabia and labored in compliance, audit and administration roles at main banks within the area.
Mr. Al Madani shall be joined by Sara Gassam, an investigations knowledgeable who has been appointed as a Director. Ms. Gassam has 9 years of expertise in investigations and forensic opinions from earlier roles with a Large 4 agency and a world building disputes consultancy. She has labored with banks, authorities entities, multinational corporations and family-owned companies in a wide range of sectors, together with aviation, building, prescription drugs and leisure.
“Majdi brings helpful expertise within the complicated points that our shoppers face in Saudi Arabia, and we’re delighted to have him on board to assist our development ambitions within the area,” stated Rory O’Brien, EMEA Head of the Forensic and Litigation Consulting section at FTI Consulting. “We proceed to increase our providing in worldwide markets which might be essential to our shoppers. The arrival of expert consultants similar to Majdi and Sara is per that technique.”
Commenting on his appointment, Mr. Al-Madani stated, “FTI Consulting has a long-established presence within the Center East, and I’m excited to contribute to the agency’s ongoing success because it pursues a brand new section of development in Saudi Arabia. Companies face rising regulatory and compliance stress of their efforts to fight fraud and corruption, and I’ll work alongside my new colleagues to assist shoppers tackle these complicated challenges.”
Mr. Masri is a seasoned transactions advisory knowledgeable who brings greater than 14 years of expertise in buy-side and sell-side monetary due diligence, valuations, monetary feasibility opinions, enterprise planning and IPO-related work. Mr. Masri’s expertise spans numerous international locations throughout the Center East, together with Saudi Arabia, Qatar, Oman, Kuwait and Egypt. Previous to becoming a member of FTI Consulting, he was a Director at a Large 4 agency.
“Raed’s arrival is one other necessary milestone within the improvement of our presence in Saudi Arabia,” stated Vikas Papriwal, Head of the Company Finance & Restructuring section within the Center East at FTI Consulting. “He brings a deep understanding of the important thing sectors by which our shoppers function, together with building, healthcare, monetary companies, retail, vitality and logistics, and strengthens the transaction companies that we offer shoppers throughout the area.”
FTI Consulting’s choices in Saudi Arabia are supported by the agency’s wider Center East capabilities, which embrace groups of consultants in building options, knowledge privateness, forensic and digital investigations, technique consulting and strategic communications.
These hires observe a sequence of senior-level appointments at FTI Consulting within the Center East. Throughout 2022, the agency strengthened its Forensic and Litigation Consulting section with the addition of economic crime consultants Abi-gail Marshman, who joined the Abu Dhabi workplace as Center East and North Africa Head of the Monetary Crime follow; Dan McWilliams and Zarik Nawaz, who joined as Managing Administrators in Dubai; and rising applied sciences knowledgeable Jorge Carrasco, who was appointed as a Managing Director in Dubai. As well as, the arrival of Nilesh Ashar as a Senior Managing Director and Sameep Uchil as a Managing Director earlier this month spearheaded the formation of the agency’s devoted Tax follow within the United Arab Emirates.
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