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FTI Consulting Appoints Senior Managing Director to IGP&S

Zacks Equity Research

FTI Consulting, Inc. FCN yesterday announced the appointment of e-discovery, information governance and legal operations expert Rena Verma as a senior managing director in the Information Governance, Privacy & Security practice (“IGP&S”) within the Technology segment. She will assist the company to grow its current and new data governance solutions.

Verma has 20 years of experience in the space and has advised Fortune 500 legal departments and law firms in electronic discovery, information governance, legal technology and legal operations.

She has given leadership to legal integration projects relating to mergers, acquisitions and divestitures. Before joining FTI Consulting, she served in leadership positions with the Huron Consulting Group HURN and Consilio.

According to Jake Frazier, a senior managing director and Leader of the Information Governance, Privacy & Security practice at FTI Consulting, Verma’s skillset includes legal and technical acuity as well as strategic thinking.

We observe that shares of FTI Consulting have gained 26.8% over the past year, significantly outperforming the 11% rally of the industry it belongs to.

Our Take

The move makes sense as FTI Consulting has increased its technology business’ addressable market by becoming more client-centric rather than relying completely on one software platform. Also, it is expanding this business into new adjacencies and geographies.

Zacks Rank & Other Stocks to Consider

Currently, FTI Consulting has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Some other top-ranked stocks in the broader Zacks Business Services sector include WEX WEX and FLEETCOR Technologies FLT, each carrying a Zacks Rank #2 (Buy). Long-term expected EPS (three to five years) growth rate for WEX and FLEETCOR is 15% and 16%, respectively.

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