Matt Johnston leads FTI Consulting’s turnaround practice in EMEA
FTI Consulting has announced the appointment of Matt Johnston as a senior managing director to lead the EMEA turnaround offering. The move comes as part of the firm’s continued expansion of its corporate finance and restructuring segment, with the within its wider restructuring practice.
“It is great to bring in someone of Matt’s calibre and expertise to the team,” said David Morris, a Senior Managing Director and Head of UK Restructuring at FTI Consulting. “He has impressive leadership credentials and a wealth of experience advising corporates and board members of businesses who are facing challenges in stressed and distressed times. He is an agent of rapid change and action, which will make him an instrumental resource to clients.”
FTI Consulting is a global business advisory firm, helping firms with corporate turnaround, finance and dispute resolutions around the world. Amid a growing number of insolvencies across Europe, the firm is experiencing keen demand for its restructuring offering, and as such is looking to grow both the practice, and its corporate finance and restructuring segment with senior appointments.
As the firm continues to build capacity, Matt Johnston has joined FTI as a senior managing director. Looking ahead, he will now lead the Europe, Middle East and Africa (EMEA) turnaround offering within the firm’s restructuring practice. This will see him work closely with boards and senior management teams to help manage critical restructurings and accelerated, stressed turnarounds.
In his new role, he will draw on 25 years of experience, having previously worked at one of the world’s most prestigious strategy brands. Johnston joins FTI Consulting from McKinsey, where as a partner in the UK transformation practice, he accrued restructuring and turnaround knowhow during appointments as chief transformation officer, chief restructuring officer and advisor to clients in the logistics, medical devices, healthcare, manufacturing, media, biofuel, software and public sectors.
Prior to his time at the MBB giant, Johnston was a managing director and co-leader of the UK turnaround team at KPMG, a director at AlixPartners, and a turnaround advisor at Andersen. His corporate experience includes serving as chief financial officer at an advertising company before its sale.
Commenting on his appointment, Johnston added, “The turnaround advisor and interim management services are tactical and strategic resources that help clients build value during particularly challenging or fast-moving situations and change. I look forward to working with the wider team across the EMEA region to serve clients driving accelerate turnarounds.”
In June, FTI Consulting was named one of the UK’s top 5 restructuring consulting firms.
