FTI Consulting appoints Wael Osman as Senior Managing Director to launch its tax practice in Saudi Arabia, enhancing regional services.
Quiver AI Summary
FTI Consulting, Inc. has announced the appointment of Wael Osman as a Senior Managing Director in its Corporate Finance & Restructuring segment in Saudi Arabia, a move intended to enhance the firm's tax services in the Middle East. Osman will spearhead the launch of the tax practice in Saudi Arabia, aiding clients with various tax-related issues as they grow their businesses in the region. With over 20 years of extensive experience in tax advisory, particularly in sectors like oil and gas, defense, and healthcare, Osman previously held a leadership role at a Big Four firm. His expertise in Saudi tax matters positions FTI Consulting to meet increasing demands for complex tax advice in the region. Osman expressed enthusiasm about joining the firm during a period of growth and aims to provide exceptional support to clients.
Potential Positives
- The appointment of Wael Osman as Senior Managing Director enhances FTI Consulting's leadership in the Corporate Finance & Restructuring segment in Saudi Arabia.
- Mr. Osman's extensive 20-year experience in tax advisory services, particularly in Saudi Arabia, positions FTI Consulting to better support its growing regional client base.
- The establishment of a dedicated tax practice in Saudi Arabia reflects FTI Consulting's strategic expansion and commitment to the Middle East market.
- Wael Osman's background and leadership in previous roles may drive growth and innovation in FTI Consulting's tax offerings, especially in high-demand sectors like oil and gas, defense, and healthcare.
Potential Negatives
- The announcement does not provide any specific details on how the launch of the tax practice in Saudi Arabia will directly benefit FTI Consulting, raising questions about the effectiveness of this strategic move.
- The reliance on a new hire, Wael Osman, to lead the tax practice may indicate a lack of existing internal resources or expertise in this area, which could reflect negatively on the firm's current capabilities.
- Ambiguity surrounding the firm's commitment and strategic focus in the Middle East may raise concerns among investors and stakeholders about long-term growth prospects in the region.
FAQ
Who has been appointed as Senior Managing Director at FTI Consulting?
Wael Osman has been appointed as the Senior Managing Director in the firm's Corporate Finance & Restructuring segment in Saudi Arabia.
What is Wael Osman's role at FTI Consulting?
Mr. Osman will lead the launch of the tax practice in Saudi Arabia, enhancing the firm's tax offering in the region.
How many years of experience does Wael Osman bring?
Wael Osman brings over 20 years of experience in tax advisory services within Saudi Arabia and the Middle East.
What sectors does Wael Osman have experience in?
He has experience in sectors such as oil and gas, defense, real estate, and healthcare, advising on various tax matters.
What are FTI Consulting's global operations like?
FTI Consulting has over 8,300 employees in 34 countries, helping organizations manage change and mitigate risks while resolving disputes.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
RIYADH, Saudi Arabia, Jan. 28, 2025 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointment of Wael Osman as a Senior Managing Director in the firm’s Corporate Finance & Restructuring segment in Saudi Arabia, which will strengthen the firm’s tax offering in the Middle East.
In his role at FTI Consulting, Mr. Osman will lead the launch of the tax practice in Saudi Arabia, supporting the firm’s growing regional client base on tax matters as they operate and expand businesses in the Kingdom.
“We are delighted to welcome Wael to our growing tax team in the Middle East,” said Nilesh Ashar , a Senior Managing Director and Head of the Middle East Tax Advisory practice at FTI Consulting. “Having built teams in his previous roles, Wael not only brings a wealth of leadership experience to FTI Consulting, but also considerable expertise navigating the Saudi Arabian tax landscape. His appointment reinforces the firm’s commitment to the Kingdom at an exciting period of growth for our operations in Riyadh.”
Mr. Osman brings more than 20 years of experience in tax advisory services for a diverse range of clients in Saudi Arabia and across the Middle East region, including those in the oil and gas, defence, real estate and healthcare sectors. He advises on international and domestic corporate tax matters, including structuring, indirect tax and the tax aspects of major M&As, restructurings and IPOs. Mr. Osman has also led advisory engagements with clients on major projects, such as VAT implementation.
Prior to joining FTI Consulting, Mr. Osman was an international tax partner at a Big Four firm, where he established the tax practice in Riyadh.
Commenting on his appointment, Mr. Osman said, “It is great to join FTI Consulting’s tax team during this exciting phase of its growth. As demand for strategic and complex tax advice continues to grow across the Middle East, I look forward to contributing to the firm’s success by delivering exceptional support to our clients.”
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organisations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 8,300 employees located in 34 countries and territories, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $3.49 billion in revenues during fiscal year 2023. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalised and independently managed. More information can be found at
www.fticonsulting.com
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FTI Consulting, Inc.
200 Aldersgate
Aldersgate Street
London EC1A 4HD
+44 20 3727 1000
Investor Contact:
Mollie Hawkes
+1.617.747.1791
[email protected]
Media Contact:
Helen Obi
+44 20 7632 5071
[email protected]
