FTI Consulting Adds Regulatory Risk and Compliance Expert Michael Herde to Financial Services Offering

Core Viewpoint - FTI Consulting has appointed Michael Herde as a Senior Managing Director in its Forensic and Litigation Consulting segment, emphasizing the need for strategic compliance and risk management in the evolving financial services industry [1][5]. Company Overview - FTI Consulting, Inc. is a global expert firm specializing in crisis and transformation, with over 8,300 employees across 34 countries as of December 31, 2024 [6]. - The company reported revenues of $3.69 billion for the fiscal year 2024 [6]. Appointment Details - Michael Herde brings over 35 years of experience in financial services, including roles as a chief compliance officer and expertise in wealth management, asset management, fiduciary, and investment banking [2][4]. - In his new role, Mr. Herde will provide strategic compliance, risk management, and governance advice to financial services clients [3]. Industry Context - The financial services industry is undergoing significant regulatory changes, necessitating a focus on fundamental compliance practices [4]. - Stella Mendes, leader of the Financial Services practice at FTI Consulting, highlights the importance of Mr. Herde's expertise in guiding organizations through these changes [4]. Growth of Financial Services Offering - Mr. Herde's appointment is part of the firm's expansion in its Financial Services offering, following the recent appointments of other senior leaders [5].