FTI Consulting adds forensic expert Daniel Turner to Dubai team

13 November 2017 Consultancy-me.com

Following an active period of global expansion, FTI Consulting has recruited a forensic accountant in the Middle East. Daniel Turner has joined the firm as a Managing Director in its forensic and litigation consulting practice in Dubai, adding to its capabilities in complex financial investigations and commercial disputes in the Gulf region.

FTI Consulting first entered the Middle Eastern market in 2005 by establishing its construction solutions practice, before further expanding in the UAE in 2008 by launching its strategic communications practice. That same year, FTI Consulting acquired construction and engineering company Brewer Consulting in a move to broaden its global portfolio and increase its presence in the UAE. Since then, its UAE practice has continued to grow, to include construction solutions, strategic communications and a forensic accounting expert witness offering – which due to growing demand in the region, has particularly been the focus of expansion over 2017.

In the Summer, Yaser Dajani, a specialist in the management of complex, cross-border transactional and non-transactional business intelligence assignments arrived at FTI from Kroll Middle East, where he had been Managing Director of the consultancy’s Dubai office, overseeing the expansion of Kroll’s forensic investigation and business intelligence unit.

Since then, Dajani has been joined by another former Kroll member, in the form of fellow forensic expert Daniel Turner. Turner joins from the risk consulting firm, where he worked as an Associate Managing Director, having been a Director of forensic services at Big Four professional services firm PwC, and also held a number of positions at BDO, where he practiced for over 10 years.

Daniel Turner, Managing Director, FTI Consulting

In his line of work, Turner has advised clients on financial investigations and commercial disputes. He also specialises in using business intelligence and computer forensics in the acquisition, identification and the securing of evidence.

Yaser Dajani, now a Senior Managing Director of FTI in Dubai, said in a statement, “The complex business environment in the Middle East, together with the multi-faceted legal and regulatory environment, has many implications for businesses in the region.” He added, “Daniel’s depth of expertise, together with his commercial and industry awareness, will help us support our clients and enable them to navigate this difficult and rapidly evolving landscape.”

Changes afoot

By hiring Turner, the firm has strengthened its hand in the region further, with the hope of capitalising on the growing number of disputes in the oil and gas, construction and financial services industries of the area, while adding another expert to position the firm well for compliance with new laws around advice and arbitration.  In 2016, the UAE introduced controversial amendments to its penal code, which among the changes, placed potential criminal sanctions on experts and arbitrators if they were found to have demonstrated bias of any variety, sparking concerns from national and international arbitrators working in the region.

According to Daniel Turner, while the amendments continue to affect instructions for some, FTI has not been stung, as the deliverables they provide always maintain a high standard of independence. However, Turner added, “to mitigate any potential exposure, as with all of our engagements, we perform a thorough assessment of the relevant parties and their advisers in relation to the matter at hand to allow us to determine if we will accept instructions. We also maintain a close channel of communication with the relevant authorities in the jurisdiction to keep abreast of any updates and guidance”.

The forensics practice has been in operation for just over four months and is already serving both existing clients of FTI Consulting, as well as new clients, addressing new opportunities within both the UAE and the wider Middle Eastern region. Addressing speculation as to whether the firm will expand into neighbouring Abu Dhabi, which itself has ambitions of enjoying the same status as a conduit jurisdiction than that of the Dubai International Financial Centre, Turner suggested that FTI are still weighing up their options, stating, “Based on the demands of our clients and the market, we will monitor if further expansion is required in this Emirate.”

Elsewhere in the global market, FTI expanded its forensic litigation operation into South Africa in the spring of 2017. The new division means that FTI South Africa now offers three of the firm’s main expertise areas in the region.

Carlos Ghosn's daughters get their career starts in strategy consulting

16 April 2019 Consultancy-me.com

With the Ghosn affair taking yet another twist, this time concerning allegations in Oman, the world’s media remains gripped.

A highly celebrated figure in Lebanon, the case of ex-Nissan and now ex-Renault head Carlos Ghosn has captivated the media round the world, with his re-arrest and detainment in Japan on further embezzlement charges last week – this time concerning allegations in Oman – delivering the latest twist in the saga. For his part, Ghosn continues to deny the charges, labeling the latest allegations of financial impropriety as “outrageous and arbitrary”.

Much of the media fascination stems from Ghosn’s remarkable story. Born to Lebanese immigrants in Brazil, Ghosn spent much of his youth in Lebanon before moving to Paris to pursue an engineering degree – and in almost no time arriving at the very top of the global automotive industry as a feted turn-around specialist, having rescued both Renault and Nissan from probable ruin. The other factor; a cultivated lifestyle of celebrity glamour.

Front and centre in that image was Ghosn’s young family, including a son Anthony and three daughters – Caroline, Maya and Nadine – who have all grown into their own spotlight in the international business and entrepreneurial worlds. And in line with that A-list background, all three of his daughters got their career starts at the crème de la crème of the strategy and management consulting world; prestigious MBB firms McKinsey & Company and BCG.The Ghosn family affair with the international consulting sector  The eldest Ghosn daughter, Caroline, joined McKinsey in 2007 following a BA in International Relations at Stamford University – before founding professional career network Levo in 2011 with three of her McKinsey associates. Her husband, Nicholas Flanders, CEO and co-founder of carbon reduction tech-company Opus 12, (and former COO of Levo), is likewise an alumnus of McKinsey – serving for three and a half years alongside Ghosn in the firm’s New York office.

Carlos Ghosn’s second daughter got her start at Boston Consulting Group.  A regonised name in luxury fashion as the founder and creative director of Nadine Ghosn Fine Jewelry, her brand counts and Beyoncé and the recently deceased fashion icon Karl Largerfeld among its celebrity clientele. At BCG, Nadine, who also graduated Stamford, served as an associate in the firm’s luxury and consumer goods practice before joining a management programme at Hermès.

Like her eldest sister, Ghosn’s youngest daughter Maya joined McKinsey’s New York office – spending over three years there as an engagement manager before departing in 2016. Maya is now Manager, Housing Affordability for the Chan-Zuckerberg Initiative, founded by Mark Zuckerberg and Pricilla Chan to promote social equality. Incidentally, Facebook’s Sheryl Sandberg, a former McKinsey consultant, has been a mentor to Caroline and also founded Leanin.org, where Maya first started out as an intern.

Carlos Ghosn’s son Anthony – who has now been embroiled in his father’s affair with accusations of money being funneled via Oman toward his financial services start-up, Shogun (where he is CEO but has not been accused of any direct involvement) – didn’t get his break at an MBB, but his step-brother, Anthony Marshi, the son of Carlos Ghosn’s second wife Carole Nahas, is a partner with BCG in New York according to French newspaper Le Figaro.