FTI Consulting launches its managed services offering in Asia

21 June 2022 Consultancy.asia 3 min. read
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FTI Consulting has brought its Managed Services offering to Asia, with the practice launching with a focus on the financial crime, risk and regulatory domain.

Alongside offering bespoke management consulting services, across domains such as strategy, organisation, deals, finance, change, forensics, and communications, FTI Consulting also provides clients an outsourcing solution for tactical and operational processes.

Now launching in Asia is the firm’s financial crime managed services proposition, which takes over the daily operations of processes from financial services institutions and companies. The offering’s initial scope is on the segments of financial crime compliance, third-party risk management, export controls, sanctions and trade regulation.

Kyran McCarthy and Jon Rowell - FTI Consulting

The move sees FTI Consulting respond to growing demand for managed services, as companies seek trusted partners to take on and help optimise their non-core practices. In the slipstream of traditional outsourcing areas such as technology, finance and human resources, companies are now also increasingly turning to more specialist areas of their business.

This shift is fuelling demand for managed services worldwide. According to one estimate by a US analyst house, the global managed services market will register a CAGR of 13.4% from 2022 to 2030, when it is expected to hit a market value of over $730 billion.

Jon Rowell, Head of Asia and Caribbean at FTI Consulting, said, “As businesses move to sustainable recovery and growth, transformation and the ability to think differently are critical. Managed services is now front and center of many boardroom agendas and can be a faster, more effective route to transformation.”

“Organisations are turning to managed services such as FTI Consulting to improve efficiencies, reduce direct costs, improve risk management and free up teams to focus on business core competencies,” he added.

Leading the new unit: Kyran McCarthy

Leading the new service is Kyran McCarthy, who has been brought in from a Big Four firm. Most recently at KPMG, he was a senior partner in the forensic advisory services practice and the head of Asia Pacific AML & Sanctions, where he was responsible for helping to build the financial crime compliance and managed services offering in Asia, with a particular focus on China.

Earlier in his career, McCarthy spent over a decade at Deloitte. He has been based in Hong Kong for 45 years.

During his career, he has led major global and regional AML and sanctions advisory and investigation engagements for financial institutions and regulators. He has also led multiple due diligence exercises on large IPO and M&A transactions in China and Hong Kong.

Commenting on his new role, McCarthy said, “FTI Consulting’s Managed Services offering, powered by artificial intelligence, provides our clients with end-to-end process optimisation and automation. I look forward to expand our footprint in the region.”

“Kyran is renowned for his rich experience in financial crime compliance and has a well-earned reputation as an inspirational leader who understands how to develop strategy and build high-performing and collaborative teams,” concluded Rowell.