FTI Consulting Expands Tax Advisory Services in the Middle East
FTI Consulting, Inc. (NYSE: FCN) has recently announced the appointment of Wael Osman as a Senior Managing Director in its Corporate Finance & Restructuring segment, based in Saudi Arabia. This strategic move aims to enhance the firm's tax advisory capabilities across the Middle East, a region experiencing significant economic growth and development.
New Leadership for Tax Practice
In his new role, Wael Osman will spearhead the launch of FTI Consulting's tax practice in Saudi Arabia. His objective will be to provide comprehensive support to the firm’s expanding client base that requires expert tax advice as they navigate the complexities of operating within the Kingdom's regulatory framework.
Nilesh Ashar, a Senior Managing Director and Head of the Middle East Tax Advisory practice at FTI Consulting, expressed enthusiasm over Mr. Osman's arrival. He noted that Wael brings a wealth of leadership experience which is essential as the firm strengthens its presence in Saudi Arabia during this period of remarkable expansion.
Expertise and Experience
Mr. Osman arrives with over two decades of experience in tax advisory services, catering to a varied clientele across the Middle East, particularly in sectors such as oil and gas, defence, and healthcare. His vast experience includes guiding clients on intricate international and domestic corporate tax matters, and he has played a pivotal role in major initiatives such as M&A transactions, restructurings, and initial public offerings (IPOs).
Prior to joining FTI Consulting, Osman was a partner focused on international tax at a Big Four consultancy, where he was instrumental in establishing the tax practice in Riyadh. His background showcases a strong foundation in delivering tax solutions tailored to the needs of his clients.
Embracing Opportunities in the Market
In reflecting on his new position, Mr. Osman remarked on the exciting phase of growth for FTI Consulting’s tax services. As demand for sophisticated tax advisory continues to rise in the region, he is eager to contribute to the firm’s objectives and provide exceptional support to clients navigating the evolving landscape.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to assisting organizations in managing transitions, mitigating risks, and resolving disputes across various dimensions, such as financial and legal challenges. With a workforce of over 8,300 employees across 34 countries, FTI Consulting tailors its approach to meet the unique challenges faced by its clients, turning complex issues into strategic opportunities.
The firm reported impressive revenues of $3.49 billion during its recent fiscal year, indicating robust business performance and growth potential. As the demand for advisory services increases, FTI Consulting continues to innovate and adapt to the needs of its clients. More information about FTI Consulting can be found at their official website.
Frequently Asked Questions
What is the main focus of FTI Consulting's new tax practice?
The new tax practice will support clients with international and domestic tax matters, encompassing services like structuring, indirect tax, and M&A advice.
Who is leading the tax practice in Saudi Arabia?
Wael Osman, appointed as the Senior Managing Director, will lead the firm's tax practice in Saudi Arabia.
What experience does Wael Osman bring to FTI Consulting?
Wael Osman has over 20 years of experience in tax advisory, including extensive knowledge in various sectors such as oil, gas, and healthcare.
Why is FTI Consulting expanding its tax services in the Middle East?
The firm seeks to address the growing demand for strategic tax advice as businesses expand and navigate the complexities of operating in the region.
What are some services offered by FTI Consulting?
FTI Consulting provides services related to financial, operational, political, regulatory issues, and more, helping clients overcome business challenges.
