Jack Dunn, FTI’s president and chief executive officer, said, “We created FTI Palladium Partners for companies experiencing declining profitability where we can provide expert senior leadership to dramatically improve operating performance and enterprise value.

“With our strong position firmly in place in the U.S., we felt it was time to expand Palladium into the UK, and eventually all of Europe. So we are delighted to have found Mark. We believe we offer clients a compelling proposition by combining our experience and network of contacts. Mark has the experience and the market presence to lead the growth of FTI Palladium Partners into the UK.”

FTI PP was established two years ago to provide a sole focus on interim leadership. This was largely in response to a shift in the growing international marketplace for turnaround skills which was once driven solely by demand from the large banks in their traditional position as lenders. Now, increasingly in the U.S. and Europe, the demand is being driven by international players in private equity and distressed fund groups requiring assistance with various investments in portfolios.

Dominic DiNapoli, FTI’s chief operating officer, added, “In such situations, on both sides of the Atlantic, it’s easy to forget that market capitalization loss far outweighs debt loss and that the loss is felt earlier by distressed funds and private equity groups thereby necessitating our involvement earlier in a decline of a business; that is, at the point of underperformance rather than crisis.”

Mr. Palios has a mandate to build the practice in the UK by developing a cadre of top professionals to provide leadership for companies. This team will be responsible for analysing, devising and, most importantly, implementing credible restructuring plans to deliver long-term viability.

Prior to his position as chief executive at The FA, Mr. Palios was UK leader for Business Regeneration at PricewaterhouseCoopers (PwC) where he developed that firm’s approach to corporate turnaround and pioneered the development of executive leadership. While at PwC, Mark worked with Mr. DiNapoli and the other PwC Business Restructuring Services partners that joined FTI in the U.S. in August 2002.

Mr. Palios said, “One of the attractions to me about joining FTI Palladium Partners was that the firm has a great track record in terms of not only its advisory services in the turnaround arena generally, but also because it recognises that the greatest value is provided by placing experienced CEOs or COOs into the line to implement recommendations. Being a leader and not just an adviser is the place to be if you want to quickly rebuild value.

“On comparing the FTI Palladium Partners offering with that being offered by the majority of service providers in the European turnaround market you will see that FTIPP brings strategic and operational skill sets on top of the more usual offering of financial and balance sheet restructuring.

“The UK and European markets are evolving, and the influence of U.S. funders has never been greater. I believe we have entered at the right time. We will look to add resources and build a cadre of quality professionals who not only have turnaround experience as advisors, but also have the practical operational experience as leaders of businesses experiencing difficulty.” FTI PP professionals have been involved with the turnaround of a number of companies, including WorldCom, Sunterra Corporation, Muzak and Bush Industries.

About FTI Palladium Partners
FTI Palladium Partners is the interim management practice of FTI Corporate Finance/Restructuring. This group of exceptional professionals is dedicated to fulfilling CEO, CFO, COO or CRO positions to help companies secure their future viability by driving long-term positive change. www.ftipalladiumpartners.com

About FTI Consulting
FTI is a premier provider of problem-solving consulting and technology services to major corporations, financial institutions and law firms when confronting critical issues that shape their future and the future of their clients, such as financial and operational improvement, major litigation, mergers and acquisitions and regulatory issues. Strategically located in 24 of the major US cities, London and Melbourne, FTI's total workforce of more than 1,100 employees includes numerous PhDs, MBAs, CPAs, CIRAs and CFEs, who are committed to delivering the highest level of service to clients. Additional information is available at: www.fticonsulting.com.

This press release includes "forward-looking" statements that involve uncertainties and risks. There can be no assurance that actual results will not differ from the company's expectations. The company has experienced fluctuating revenues, operating income and cash flow in some prior periods and expects this may occur from time to time in the future. As a result of these possible fluctuations, the company’s actual results may differ from our projections. Further, preliminary results are subject to normal year-end adjustments. Other factors that could cause such differences include pace and timing of additional acquisitions, the company's ability to realize cost savings and efficiencies, competitive and general economic conditions, retention of staff and clients and other risks described in the company's filings with the Securities and Exchange Commission. We are under no duty to update any of the forward-looking statements to conform such statements to actual results or events and do not intend to do so.