FTI Consulting Strengthens Team with Compliance Expert James Needham
FTI Consulting Welcomes James Needham to its Expert Team
FTI Consulting, Inc. (NYSE: FCN) has recently made a significant addition to its team by appointing James Needham as a Senior Managing Director in the Export Controls, Sanctions & Trade practice within its Forensic and Litigation Consulting segment. This strategic hiring reflects FTI Consulting's commitment to enhancing its compliance capabilities.
Expertise and Background of James Needham
Mr. Needham comes to FTI Consulting with an impressive background in compliance, particularly in areas relating to export controls and sanctions. Based in Washington, D.C., he has a proven track record of designing and leading compliance programs across diverse industries, including aerospace, defense, and advanced manufacturing. His extensive experience makes him a valuable asset to the firm and its clients.
Key Responsibilities and Focus Areas
In his new role, James Needham will be instrumental in advising clients on navigating complex regulatory environments related to export controls and sanctions. His focus will include ensuring that organizations can build and maintain appropriate, risk-based compliance programs that adhere to various regulatory regimes, such as the International Traffic in Arms Regulations (ITAR) and the Export Administration Regulations (EAR). He will also provide guidance related to the Office of Foreign Assets Control (OFAC) sanction programs and assist with compliance reviews involving the Committee on Foreign Investment in the United States (CFIUS).
Adjusting to a Dynamic Regulatory Landscape
James Needham has expressed enthusiasm about helping clients tackle the evolving national security challenges and foreign policy initiatives that increasingly utilize export controls and sanctions. As regulatory demands intensify, companies may find it challenging to keep up, and Mr. Needham's role will be pivotal in guiding them through these complexities.
Leadership Thoughts on the Appointment
Anthony J. Ferrante, the Global Head of Cybersecurity and Export Controls at FTI Consulting, emphasized the importance of this appointment, noting that regulations surrounding export controls and trade are changing rapidly. He mentioned that Jim's extensive experience will be invaluable in helping clients prepare for the uncertainties these changes bring.
James Needham's Previous Contributions
Before joining FTI Consulting, Mr. Needham served as Vice President and Associate General Counsel at RTX, where he led compliance initiatives focusing on ITAR and EAR. His tenure at RTX equipped him with the knowledge to tackle compliance challenges effectively and responsibly, particularly in an industry that demands high standards of adherence to export laws.
About FTI Consulting
FTI Consulting is recognized as a global leader in advisory services, specializing in helping organizations face crises and transition effectively. With a workforce exceeding 7,900 employees spread across 32 countries, the firm generated impressive revenues of $3.70 billion during its last fiscal year. FTI Consulting's dedicated approach to problem-solving and crisis management continues to make it a point of reference in the industry.
Contact Information for FTI Consulting
For further inquiries, individuals may contact FTI Consulting at its Washington, DC office located at 555 12th Street NW, Washington, DC 20004, with phone support available at +1.202.312.9100.
Frequently Asked Questions
What role will James Needham play at FTI Consulting?
James Needham will serve as a Senior Managing Director, focusing on export controls and sanctions compliance for clients.
What experience does James Needham bring to FTI Consulting?
He has extensive experience in compliance programs, particularly in aerospace and defense sectors, and previously held a leadership role at RTX.
How is FTI Consulting positioned in the global advisory market?
FTI Consulting is a leading firm with over 7,900 employees globally, addressing crises and transformations in various sectors.
What are some key regulatory frameworks Mr. Needham will work with?
He will work with ITAR, EAR, and OFAC regulations to help clients navigate compliance effectively.
How does FTI Consulting support its clients in today's regulatory environment?
FTI Consulting provides expert guidance through evolving regulations to ensure clients maintain effective compliance programs.
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