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ISSUE 7 | SPRING 2016<br />

<strong>The</strong> magazine for FTI EMEA<br />

It’s all<br />

starting to<br />

add up!<br />

Our transfer pricing team<br />

goes from strength to strength<br />

Moscow<br />

office<br />

in the spotlight<br />

Employee<br />

Engagement<br />

and Change Communications<br />

Making a<br />

difference<br />

with our CSR activities


in<br />

this<br />

issue...<br />

03<br />

Regional Spotlight:<br />

MOSCOW<br />

04-05<br />

Definitive Expertise:<br />

TRANSFER PRICING<br />

06-07<br />

Sector Overview:<br />

PUBLIC AFFAIRS<br />

08<br />

SPOTLIGHT ON:<br />

Employee<br />

Engagement<br />

AND Change<br />

Communications<br />

09<br />

COMPANY NEWS<br />

10-11<br />

CORPORATE<br />

CITIZENSHIP<br />

12<br />

What I know now...<br />

Welcome to<br />

the world<br />

Our Values<br />

I ntegrity<br />

Creativity<br />

Achievement<br />

Respect<br />

E mpathy<br />

Welcome to the <strong>Spring</strong><br />

issue of <strong>The</strong> <strong>Eye</strong>.<br />

As the spring months<br />

approach, we all inevitably<br />

feel a little bit more<br />

positive about life. Indeed,<br />

Shakespeare wrote that<br />

“April hath put a spirit of<br />

youth in everything”.<br />

This optimism is well-founded. <strong>The</strong><br />

recently announced 2015 financial<br />

results for our region were very<br />

strong, proving that the investments<br />

we have made in both our people<br />

and our strategy are paying off. We<br />

can look forward with confidence<br />

to the coming months and years.<br />

This continued progress is<br />

exemplified by the business areas<br />

which are highlighted in this issue. At<br />

first glance it may be difficult to find a<br />

common thread, but all of them have<br />

shared a common interest in using<br />

the full range of our cross-border<br />

and cross-business expertise to<br />

offer clients a highly unique service.<br />

In our regional spotlight we look<br />

at our Moscow office which this<br />

year is celebrating its 10 year<br />

anniversary. Through their work in<br />

Russia and across the wider region,<br />

the team have helped businesses<br />

large and small with their strategic<br />

communications and political affairs,<br />

as well as enabling key clients such<br />

as Mastercard to benefit from<br />

our global expertise and reach.<br />

Our transfer pricing team is one of<br />

the unsung heroes of our business.<br />

From a standing start just 18 months<br />

ago this practice is now recognised<br />

by clients and peers alike for its<br />

outstanding level of expertise and<br />

advice. Its success is a mark of<br />

our firm-wide ability to spot and<br />

respond quickly to new market<br />

opportunities, a capability which<br />

sets us apart from our larger rivals.<br />

We also showcase a couple of our<br />

services from within the Strategic<br />

Communications practice.<br />

Both our Public Affairs and our<br />

Employee Engagement and<br />

Change Communications teams<br />

possess a similar ability to work<br />

fully across our business lines<br />

and geographies to help inform<br />

Board and C-suite decisions.<br />

Not only have these teams all<br />

proved they can thrive in their<br />

rapidly evolving markets, but also<br />

that they will be better placed to<br />

take advantage of the opportunities<br />

in front of them if they leverage<br />

the knowledge which we possess<br />

right across our firm. We should<br />

all look to emulate their example.<br />

But it is not only your professional<br />

opportunities we urge you to<br />

maximise. We also hope and<br />

expect you to continue focussing<br />

on achieving your personal<br />

and career aspirations. We are<br />

delighted to congratulate all of our<br />

colleagues who have recently been<br />

promoted, and encourage everyone<br />

to continue to set themselves<br />

ambitious goals. Challenge your<br />

teams and your managers about<br />

their strategies, and about how<br />

you can contribute towards them.<br />

Identify the other teams and experts<br />

within our business who can help<br />

you, and the corporate resources<br />

which are available to you.<br />

We are very pleased with the<br />

progress of our business right<br />

across our region, and we look<br />

forward to going from strength to<br />

strength throughout 2016. Let’s now<br />

maintain our focus and work even<br />

harder to secure the new clients and<br />

opportunities which will ensure this<br />

does indeed become our reality.<br />

We hope you enjoy the magazine.<br />

02 |<br />

Please note this newsletter is for internal reference only within FTI Consulting<br />

and not for external distribution to clients or any other third parties.


egional spotlight<br />

Moscow<br />

2016 marks the 10 year anniversary of our Russian office. Our SMD<br />

Oleg Leonov and MD Leonid Fink explain the opportunities and challenges<br />

facing businesses wanting to operate in this unique country.<br />

Tell us a little about<br />

our history in Russia.<br />

Whilst our US-based colleagues<br />

had worked on Russianrelated<br />

matters for some<br />

years, our first permanent<br />

office opened in Moscow in<br />

2006 upon the acquisition of<br />

Financial Dynamics (FD). FD<br />

had won major clients such as<br />

Vimpelcom, Mechel and Rusal<br />

who were all looking to build<br />

their international reputations<br />

and raise capital in the Western<br />

markets, and soon became<br />

the market leader working<br />

on the many IPOs emanating<br />

from the former Soviet bloc.<br />

By the time the office<br />

rebranded as FTI Consulting<br />

in 2011, following the global<br />

financial crisis the market, and<br />

our business, had changed<br />

dramatically. Under Oleg<br />

Leonov’s leadership we<br />

diversified our business to offer<br />

the full spectrum of strategic<br />

communications services. Our<br />

Moscow office also serves as<br />

a regional hub, in partnership<br />

with a network of affiliates<br />

who are experienced in the<br />

neighbouring markets of Central<br />

Asia and Eastern Europe.<br />

What type of clients<br />

do you have??<br />

Our client base is balanced<br />

between Russian corporate<br />

leaders such as Sberbank,<br />

Eurochem, Cherkizovo, Lenta,<br />

Promsvyazbank and Mail.ru, and<br />

large Western multinationals<br />

operating in the Russian<br />

market such as MasterCard,<br />

Morgan Stanley, Lafarge,<br />

Electrolux and Lombard Odier.<br />

Last year we welcomed<br />

specialists from Instinctif<br />

Partners to strengthen our<br />

financial communications<br />

offering across the region.<br />

Leonid Fink and Jenny Payne<br />

work out of our London office,<br />

with Anton Karpov in Moscow,<br />

and their arrival has led to an<br />

inflow of new clients, notably<br />

Polymetal International, Lenta<br />

and Cherkizovo Group.<br />

Why is it important<br />

for you to have a<br />

presence in London??<br />

We all recognise how attractive<br />

London is for influential Russian<br />

individuals and companies, and<br />

many Russian companies listed<br />

on the London Stock Exchange<br />

are seeking Russian-language<br />

advice in London, close to their<br />

financial audiences. So we have<br />

a real competitive advantage<br />

if we can offer senior experts<br />

with the knowledge, experience<br />

and language skills to be able<br />

to advise them. In addition,<br />

most of Russia’s neighbours in<br />

the region prefer to be advised<br />

out of London than Moscow,<br />

How do you work with<br />

the other segments<br />

in the EMEA region??<br />

<strong>The</strong> Mastercard account is a<br />

great example of our productive<br />

engagement with SC colleagues<br />

across the world. We have also<br />

partnered with our FLC and<br />

EFC practices in the country<br />

on a number of occasions.<br />

What are the<br />

particular challenges<br />

of working in Russia??<br />

It would be fair to say that we do<br />

face very significant challenges<br />

at the moment. Russia is going<br />

through a severe economic<br />

recession caused mainly by<br />

the fall in oil prices and the<br />

economic sanctions against<br />

the country. This means that<br />

businesses, even large ones,<br />

are struggling and are looking<br />

to cut costs, which inevitably<br />

affects the market for our<br />

services. We have managed to<br />

retain our clients and win new<br />

ones, but there is no doubt that<br />

it is a tough environment.<br />

Finally, tell us a little<br />

about Moscow<br />

Moscow is pretty much like any<br />

other typical large European<br />

city, except it gets very cold<br />

in the winter and very hot in<br />

the summer. <strong>The</strong> cultural life<br />

is amazing: there are dozens<br />

of theatres and art galleries,<br />

and simply walking in central<br />

Moscow along the sprawling<br />

boulevards and squares is<br />

great fun. Possibly the best<br />

experience of all is the fine food,<br />

as we have lots of really good<br />

restaurants at very affordable<br />

prices following the fall of the<br />

Rouble. So do come and visit!<br />

Mastercard was actually our<br />

client in Moscow before it began<br />

working with the SC team across<br />

the globe. It has since become<br />

one of FTI’s largest SC clients.<br />

Oleg Leonov<br />

Leonid Fink<br />

| 03


Definitive Expertise:<br />

Transfer Pricing<br />

Our transfer pricing service has come a long way since the team was<br />

created by Managing Director Ruth Steedman in November 2014. Here,<br />

Ruth explains why our services are so widely sought after.<br />

Before anything<br />

else, please<br />

explain transfer<br />

pricing to us!!<br />

It’s actually a fairly simple<br />

concept describing the pricing<br />

of cross border transactions<br />

between different entities<br />

within the same multinational<br />

group. <strong>The</strong> fundamental<br />

premise of transfer pricing is<br />

the ‘Arm’s Length Principle’ –<br />

the concept that intercompany<br />

transactions should be priced<br />

as they would be between<br />

independent parties, ie: as<br />

they would be at arm’s length.<br />

So why is it so<br />

important for<br />

companies to<br />

get right?<br />

Quite simply, because the<br />

price at which a company<br />

pays a related party for goods<br />

or services (the transfer<br />

price) impacts the profit of<br />

that company, and therefore<br />

the total tax it pays. While<br />

multinational groups obviously<br />

often seek to minimise that<br />

amount, the role of the various<br />

tax authorities is to ensure<br />

they tax their ‘fair’ share of<br />

profit from the activity of a<br />

group in their jurisdiction.<br />

Thus it matters greatly, since<br />

we are all familiar with the<br />

public outcry when the levels<br />

of tax paid in the UK and<br />

other countries by the likes<br />

of Starbucks and Google are<br />

publicised. It can affect the<br />

reputation of the company,<br />

and hit their bottom line if the<br />

public withdraw their custom.<br />

Tell me about<br />

your team and<br />

what you do<br />

I lead the transfer pricing team<br />

and report into the Head of<br />

our Tax Advisory Practice<br />

Marvin Rust. We currently<br />

comprise eight people and are<br />

an international, multilingual<br />

team with members who have<br />

backgrounds in finance, law<br />

and economics, as well as a<br />

former Revenue inspector.<br />

Our role is to price cross<br />

border transactions within<br />

a multinational group to<br />

determine a ‘fair’ price (or<br />

an arm’s length price) for<br />

the transaction. We have the<br />

expertise to advise on all types<br />

of intercompany transactions,<br />

from benchmarking returns<br />

for routine activities such as<br />

the provision of services and<br />

the resale of products, to the<br />

valuation of licence fees for<br />

access to intangible assets and<br />

the determination of interest<br />

rates for intragroup loans.<br />

We also draft documentation to<br />

evidence to the tax authorities<br />

that the price of intercompany<br />

transactions are fair, and<br />

help companies defend their<br />

intercompany pricing when it is<br />

questioned by tax authorities.<br />

We are the UK member firm<br />

of the WTS network, the<br />

largest alliance of independent<br />

tax advisers outside the<br />

Big Four with a presence in<br />

105 countries. As transfer<br />

pricing should always be<br />

considered from both sides of<br />

an intercompany transaction,<br />

this allows us to bring the<br />

necessary international<br />

perspective to our work.<br />

Why do clients<br />

want to buy<br />

transfer pricing<br />

services from FTI??<br />

Apart from the fact that we<br />

have a great team, we have<br />

two unique selling points<br />

that set us apart from our<br />

main competitors, the large<br />

04 |<br />

Please note this newsletter is for internal reference only within FTI Consulting<br />

and not for external distribution to clients or any other third parties.


accountancy firms. Firstly, we<br />

are free of any audit conflict<br />

issues, simply because FTI<br />

doesn’t have - and has no<br />

intention of having - an audit<br />

practice. Secondly, we have<br />

over 120 brilliant economists<br />

to advise on the economic<br />

analysis required as part of our<br />

work. No other transfer pricing<br />

practice in the UK has close to<br />

this level of expertise available.<br />

What are the main<br />

regulatory issues<br />

which companies<br />

need to address??<br />

<strong>The</strong> OECD has taken<br />

unprecedented action in the last<br />

few years in response to public<br />

and government pressure to<br />

tackle so called base erosion<br />

and profit shifting (“BEPS”)<br />

by multinationals. While the<br />

OECD’s efforts in this area are<br />

on-going, there have already<br />

been a lot of changes in the<br />

transfer pricing area creating<br />

uncertainty for companies.<br />

In future, there will be greater<br />

transparency of multinational<br />

groups’ operations and their<br />

financial profile in the countries<br />

where they operate. This is<br />

something companies need to<br />

prepare for. Greater scrutiny of<br />

the tax affairs of multinational<br />

groups is also to be expected.<br />

What are you<br />

looking forward to in<br />

the coming months??<br />

2015 was a fantastic year for<br />

our team, the highlight of which<br />

was securing a £580K project<br />

with a FTSE 100 company. We<br />

look forward to continuing to<br />

grow, and further bolstering<br />

our reputation through<br />

speaking opportunities and<br />

sponsorships of events such<br />

as TP Minds, which is the<br />

largest dedicated transfer<br />

pricing conference worldwide.<br />

Ruth Steedman<br />

Cross-firm<br />

opportunities<br />

Just as transfer pricing is all about<br />

cross-firm relationships, so too we<br />

are very keen to ensure we leverage<br />

the expertise of our colleagues.<br />

• With EFC, as the transfer pricing<br />

requirements for pricing intercompany<br />

transactions involving IP become<br />

increasingly complex.<br />

• With SC, as companies increasingly<br />

grapple with the reputational and political<br />

challenges resulting from the transparency<br />

of (and focus on) the tax paid by companies<br />

in different countries. A few household<br />

names have chosen to manage these risks<br />

by providing commentary to their financial<br />

filings, and we could work with SC to provide<br />

the technical rational for such commentary.<br />

• With CL, to potentially work on State Aid<br />

cases where companies that have reached<br />

favourable tax rulings with a tax authority<br />

(based on the application of transfer pricing<br />

rules) have been found to have benefited<br />

from State Aid. Starbucks and Fiat are<br />

examples of companies which have recently<br />

been judged by the European Commission<br />

to have benefited from unlawful State Aid.<br />

| 05


sector overview<br />

: Public Affairs<br />

With active members of each of the UK’s main political parties – including<br />

elected local politicians, former candidates for the Westminster and European<br />

parliaments and senior policy advisers – our London Public Affairs team<br />

are not just political observers, but participants and practitioners.<br />

Managing Director Alex Deane explains more about what they do.<br />

Working across the field of<br />

public policy challenges –<br />

from financial services and<br />

industrial issues to energy to<br />

housing policy – the work of<br />

FTI Consulting’s Public Affairs<br />

team is fast-paced and relies<br />

heavily on staying abreast of<br />

the political news of the day. We<br />

then channel this into strategic<br />

guidance and pair it with our<br />

personal political experience<br />

for clients and colleagues.<br />

Alongside this advice, we strive<br />

to be thought leaders – as<br />

demonstrated by our weekly<br />

snapshots and programme of<br />

regular events with ministers,<br />

MPs, journalists and regulators.<br />

So what are the<br />

main challenges<br />

that companies<br />

approach you about??<br />

Businesses often approach our<br />

team for strategic advice when<br />

facing legislative or regulatory<br />

hurdles – such as a proposed<br />

levy that may harm their<br />

profits, rumours that a minister<br />

may have taken a position<br />

contrary to their interests or<br />

a proposed directive that may<br />

cost jobs. We help our clients<br />

to present their messages<br />

to key audiences in the most<br />

compelling manner possible;<br />

including helping them engage<br />

with a host of stakeholders in<br />

industry and media and across<br />

Westminster and Whitehall.<br />

We have played a key role<br />

in offering strategic advice<br />

throughout Serious Fraud<br />

Office investigations, training<br />

clients for high profile Select<br />

Committee hearings, advising<br />

on procurement exercises worth<br />

billions of pounds and during<br />

notable merger and acquisitions<br />

processes. Forward-thinking<br />

clients also seek our<br />

assistance in proactively<br />

building relationships with key<br />

stakeholders, increasing their<br />

profile with policy-makers<br />

and positioning themselves<br />

as thought leaders of their<br />

industry. <strong>The</strong> earlier we are<br />

engaged in a process, the better.<br />

We have also been instrumental<br />

in aiding companies seeking to<br />

re-locate to the UK, such as key<br />

players in the pharmaceutical<br />

and life sciences sector and<br />

have hosted the visits of high<br />

profile dignitaries such as that<br />

of the late US Supreme Court<br />

Justice Antonin Scalia. Justice<br />

Scalia’s visit – his final foreign<br />

engagement – included the<br />

facilitation of a senior panel of<br />

policy-makers, including the<br />

Solicitor General, government<br />

ministers, parliamentarians<br />

and leading jurists.<br />

How do you work<br />

with our other<br />

services and teams,<br />

in the UK and across<br />

the region??<br />

Legislation is increasingly<br />

supranational and global in<br />

nature; a WHO report, an OECD<br />

recommendation or a European<br />

Directive can all directly<br />

affect domestic legislation<br />

here in the UK. Coordinating<br />

efficiently and coherently<br />

with our expert public affairs<br />

teams around the world is<br />

fundamental to being able to<br />

advise our global clients like<br />

MasterCard and ExxonMobil.<br />

We also work closely with<br />

almost all the teams in Strat<br />

Comms, from Financials<br />

on acquisitions and select<br />

committee training to<br />

Employee Engagement and<br />

Change Communication on<br />

handling the political fallout<br />

of large scale job losses in the<br />

industrial sector. On a crosssegment<br />

basis, we collaborate<br />

06 |<br />

Please note this newsletter is for internal reference only within FTI Consulting<br />

and not for external distribution to clients or any other third parties.


closely with Economic and<br />

Financial Consulting on energy<br />

regulation and Healthcare<br />

Solutions on unlocking<br />

opportunities to provide<br />

exciting new technologies to<br />

the National Health Service.<br />

How do you see your<br />

work developing<br />

throughout 2016?<br />

Following the 2008 financial<br />

crisis, there has been a flurry<br />

of legislative activity often<br />

aimed at tackling potential<br />

systematics risks. Today, there<br />

is increasingly collaboration<br />

across borders to solve big<br />

issues: financial stability,<br />

climate change and terrorism,<br />

to name but a few examples.<br />

That is what makes the<br />

international nature and varied<br />

expertise of our global public<br />

affairs network so impressive.<br />

Our work in 2016 will follow<br />

high profile and contentious<br />

issues such as the future of<br />

Britain’s membership of the<br />

European Union and helping<br />

clients understand the potential<br />

fallout of the London Mayoral<br />

and US Presidential elections.<br />

case study::<br />

Independent<br />

Petroleum Association<br />

of America<br />

Early in 2015 the IPAA’s international<br />

committee asked us to launch a campaign<br />

to combat NGO-backed campaigns aimed<br />

at forcing investors and pension funds to<br />

divest from the fossil fuel industry.<br />

Working together with our Washington office, we<br />

developed and continue to manage a proactive campaign<br />

to rebut false arguments developed by hostile NGOs,<br />

which are disseminated across a number of channels.<br />

Initially concerned with developing strategic messaging<br />

and economic research to support engagement, we have<br />

communicated the IPAA’s message with a number of<br />

stakeholders, including the mainstream press, political<br />

circles and amongst university campuses, helping to<br />

rebalance the debate and educate stakeholders on the<br />

implications of divesting portfolios of fossil fuels.<br />

FTI continues to be retained by the IPAA in both<br />

the US and the UK in 2016.<br />

Alex Deane<br />

| 07


spotlight on<br />

Employee Engagement and<br />

Change Communications<br />

Lucy Phillips (MD, London), Victoria Graefin Strachwitz (MD, Frankfurt)<br />

and Angie Gorman (MD, Chicago) explain our expert employee engagement<br />

and change communications offer and what differentiates us from<br />

other firms in this field.<br />

<strong>The</strong> concept of Employee<br />

Engagement has become<br />

increasingly central in<br />

management thinking in recent<br />

years, and the reason for this is<br />

simple. No matter the country,<br />

culture or market they operate<br />

in, many companies now<br />

recognise that an informed and<br />

enabled workforce performs<br />

better across major financial<br />

and operational metrics and<br />

provides better customer<br />

service and satisfaction.<br />

In short, engaging internal<br />

stakeholders is no longer a nice<br />

to have – it is a must have.<br />

FTI Consulting’s Employee<br />

Engagement & Change<br />

Communications (EECC)<br />

practice has now grown<br />

into twenty cross-sector<br />

practitioners across the world.<br />

We have hubs in London,<br />

Frankfurt, Chicago and<br />

Washington, and we are also<br />

seeing increasing activity in<br />

key markets such as Brussels,<br />

Paris, Dubai, Singapore,<br />

Australia and Hong Kong.<br />

While many firms claim to<br />

offer employee engagement<br />

and change communications<br />

advice, our unique strength is<br />

not just our global presence<br />

and experience, but also<br />

our ability to draw on the<br />

skills and expertise of our<br />

many colleagues from other<br />

disciplines, which adds to the<br />

overall depth of our advice<br />

and strengthens the client<br />

relationship. We also possess<br />

deep in-house corporate<br />

experience and the ability to<br />

provide tactical, on-the-ground<br />

strategy and execution.<br />

For example, we have partnered<br />

with Corporate Finance<br />

for opportunities on major<br />

transformations such as merger<br />

integrations and operational<br />

restructurings. We also worked<br />

closely with Governance, Risk<br />

& Regulation in the Financial<br />

Services sector to develop a<br />

cross segment pre-acquisition<br />

due diligence and postacquisition<br />

integration offering.<br />

Some example of our recent<br />

work includes:<br />

• leading the employee, client<br />

and media communications<br />

for a merger integration<br />

between two global asset<br />

managers. Our focus is<br />

on engaging employees,<br />

supporting retention and<br />

helping shape the new culture.<br />

• advising a global largecap<br />

in Germany which is<br />

rebuilding its HR function,<br />

organisational set-up,<br />

systems and skill-set to<br />

change the way it runs its<br />

people management globally.<br />

Lucy Phillips<br />

Victoria<br />

Graefin Strachwitz<br />

A key part of our work is also to<br />

challenge our clients into new<br />

ways of thinking, and in January<br />

2016, we ran the FTI Global<br />

Employee Confidence Study<br />

(together with our colleagues in<br />

Strategy Consulting & Research,<br />

London) of over 7000 people<br />

across a range of geographies<br />

and industries, to try to<br />

identify some of the employee<br />

engagement challenges their<br />

businesses currently face.<br />

An overwhelming majority of<br />

employees say that effective<br />

organisational communication<br />

can help them master change<br />

better (95%), better understand<br />

their role (93%), gain confidence<br />

in the future success of their<br />

organisation (90%), increase<br />

their personal effectiveness<br />

(89%) and work quality (88%),<br />

and increase their loyalty (85%).<br />

We will be sharing these<br />

findings across all our markets<br />

in the coming months.<br />

We are excited about the<br />

projects in 2016, building an<br />

engaged workforce for our<br />

clients and helping leaders,<br />

managers and employees<br />

transit through change.<br />

Angie Gorman<br />

08 |<br />

Please note this newsletter is for internal reference only within FTI Consulting<br />

and not for external distribution to clients or any other third parties.


company<br />

news<br />

FTI Consulting at the<br />

World Economic Forum<br />

As an industry partner of the World Economic Forum (WEF),<br />

FTI Consulting works with global leaders and companies to shape the<br />

debate on the emerging business, economic and societal trends.<br />

Throughout the year we participate in WEF’s<br />

programme of regional conferences, culminating<br />

in our attendance at the annual meeting<br />

held in January in Davos, Switzerland.<br />

Organised by our central marketing team in<br />

London, the planning for WEF is a considerable<br />

task. Our evening drinks reception is always very<br />

well attended by senior business and political<br />

figures, and this year, for the first time, we also<br />

held two additional events which showcased our<br />

depth of expertise and impressive connections<br />

with leading figures in the financial world.<br />

Indeed, the first event was a real ‘coup’ (in<br />

the words of one attendee): a fascinating<br />

breakfast discussion with Andrea Orcel, the<br />

President of UBS Investment bank, who was<br />

interviewed by SMD Andrew Walton. In the<br />

free-ranging conversation, Andrea described<br />

the ways in which banks and financial institutions<br />

can regain the trust of their customers,<br />

persuasively arguing that the core capital of<br />

these companies lies in their good reputation.<br />

<strong>The</strong> second meeting discussed the use and<br />

abuse of competition policy, and was moderated<br />

by Jorge Padilla from Compass Lexecon. His<br />

panel featured the good and the great of the<br />

competition world, including Pascal Lamy, former<br />

General Director of the WTO and Sir Philip Lowe,<br />

a former DG of the EC’s Competition Directorate<br />

and now an advisor to our team in Brussels.<br />

We were delighted that over 300 people<br />

attended our sessions through the week,<br />

enabling our delegates, led by CEO Steve<br />

Gunby and our EMEA Co-Chairman Chris<br />

Osborne to connect with some highly influential<br />

leaders such as Douglas Flint, Executive<br />

Chairman of HSBC, and Matthew Layton,<br />

Global Managing Partner at Clifford Chance.<br />

It was great for our firm to be at the centre<br />

of this influential gathering, and we look<br />

forward to continuing our fruitful partnership<br />

with WEF throughout 2016 and into 2017.<br />

<strong>The</strong> benefit to FTI Consulting<br />

of partnership with WEF is both raising<br />

awareness of our brand and, importantly,<br />

meeting clients and targets. It’s critical<br />

that we make the most of each meeting and<br />

expand our networks at each event and<br />

in the weeks and months afterwards.<br />

Jon Aarons<br />

Having a CEO of the calibre of<br />

Andrea speaking to our clients at Davos<br />

was a great way of demonstrating our<br />

depth of knowledge aNd high quality client<br />

relationships on the world stage.<br />

Andrew Walton<br />

| 09


corporate<br />

citizenship<br />

ISO 14001 London<br />

•Our Charity of<br />

the Year<br />

We are delighted and proud that our 2016 charity partner<br />

in London, as voted for by staff, is Action Breaks Silence.<br />

This small but hugely<br />

important charity aims to<br />

create a world where women<br />

and girls can live their lives<br />

free from the fear of sexual<br />

and gender-based violence.<br />

Initially focused on Africa,<br />

South Asia and the UK, Action<br />

Breaks Silence seeks to<br />

achieve sustainable societal<br />

change through a two-tiered<br />

educational programme:<br />

• A three hour workshop,<br />

comprising both a<br />

motivational discussion<br />

and physical skills class,<br />

to empower and protect<br />

women and girls who are<br />

vulnerable to sexual and<br />

gender-based violence and,<br />

importantly, who feel they<br />

have no voice or support<br />

Employees in our London office may be aware that we are currently<br />

in the process of applying for our ISO 14001 certification.<br />

ISO 14001 is the world’s<br />

first international<br />

environmental standard,<br />

and helps organisations<br />

such as ours to improve our<br />

environmental, sustainability<br />

and operational performance.<br />

By meeting this standard, we<br />

are able to ensure our business<br />

becomes more sustainable<br />

and cut unnecessary costs and<br />

waste. It is also an increasingly<br />

important requirement for all<br />

RFPs and business pitches.<br />

<strong>The</strong> date for our ISO 14001<br />

audit is fast approaching.<br />

To ensure that we are<br />

successful in our application<br />

we require your help and<br />

commitment. You can help<br />

• A four hour workshop<br />

for 7-11 year old boys which<br />

is specifically designed<br />

to build feelings of deeprooted<br />

empathy towards<br />

women and girls and, in<br />

the longer-term, prevent<br />

abusive or violent behaviour<br />

We cannot ignore the scale<br />

of this problem. According<br />

to a recent global review of<br />

available data, 35 per cent<br />

of women worldwide have<br />

experienced either physical<br />

and/or sexual violence.<br />

Furthermore, worldwide<br />

statistics have shown that<br />

over 90% of sexual violence<br />

is initiated by someone the<br />

survivor or victim knows.<br />

Since October 2014 Action<br />

Breaks Silence has taught<br />

by observing the following:<br />

Waste Management<br />

Please ensure that you are<br />

vigilant in disposing of your<br />

rubbish in the correct waste<br />

stream. Food waste should<br />

only be deposited in the food<br />

caddies in the kitchens. Please<br />

be aware that all the food<br />

containers used by our café<br />

are recyclable. However, before<br />

disposing of the container<br />

itself, please empty any<br />

leftover food into a caddy.<br />

Electricity<br />

At the end of each working<br />

day, we ask that all staff turn<br />

off their laptops or computers,<br />

including the screens. Please<br />

also ensure that any additional<br />

“Empowerment and Personal<br />

Safety” workshops, free of<br />

charge, to over 18,000 women<br />

and girls in India and 1,000<br />

girls in Soweto, South Africa.<br />

This year we look forward to<br />

raising money to help change<br />

the lives of as many vulnerable<br />

women, girls and boys as<br />

possible. We have made a<br />

tremendous start already, with<br />

a highly successful London-<br />

Paris bike ride by 13 members<br />

of our EFC and FLC teams.<br />

But we know we can do much<br />

more, and we have a number<br />

of ambitious and exciting ideas<br />

for the coming months. If you<br />

would like to get involved,<br />

just speak with our CSR<br />

Manager Natalie Ashwood.<br />

electrical items (such as<br />

desk lamps) are turned off<br />

before leaving the office.<br />

Travel<br />

We ask that staff consider<br />

using public transport or<br />

walking before taking a taxi<br />

to client meetings. If a taxi is<br />

deemed to be the best option,<br />

please share the car with your<br />

colleagues travelling to the<br />

same meeting, where possible.<br />

You will be able to find updates<br />

on our progress and our<br />

environmental objectives<br />

on the CSR noticeboard<br />

on the 4th floor café. If you<br />

have any questions in the<br />

meantime, please contact<br />

our Facilities department.<br />

10 |<br />

Please note this newsletter is for internal reference only within FTI Consulting<br />

and not for external distribution to clients or any other third parties.


Brussels<br />

Relief for Refugees<br />

<strong>The</strong> widespread media coverage of the ongoing<br />

refugee crisis in Europe did not go unnoticed by Jan<br />

Hueckmann and Maria Tsoni, both in our SC team<br />

in Brussels. Over recent months they have made a<br />

substantial contribution to the lives of hundreds of<br />

refugees waiting at the city’s immigration office.<br />

Every day since last summer,<br />

refugees from Afghanistan,<br />

Syria, Somalia and other war<br />

torn countries arrive at the<br />

Belgian immigration office to<br />

meet with officials to secure<br />

citizenship. It’s a long, tiring and<br />

cold wait, often sleeping through<br />

the night on the pavement<br />

outside together with their<br />

young children. Once they have<br />

secured their appointment for<br />

later that day, they have to wait<br />

hours without food or drinks.<br />

A local NGO has been<br />

supporting the refugees with a<br />

hot cup of tea or coffee, fresh<br />

fruit and snacks but they have<br />

not been able to keep up with<br />

the massive numbers who keep<br />

coming, and extra support,<br />

both logistically and financially,<br />

was desperately needed.<br />

Last October Jan Hueckmann<br />

heard about the NGO’s appeal<br />

for support and decided to<br />

personally contribute with<br />

a weekly food donation,<br />

arriving at the immigration<br />

office every Friday morning<br />

at 6:30 am to help distribute<br />

the food before going to the<br />

office. In early January, a<br />

number of his colleagues<br />

asked if they could join him<br />

and began collecting food, and<br />

later financial, donations.<br />

From the money raised, FTI<br />

Consulting has been able to<br />

donate dozens of self-packed<br />

lunch bags for the refugees<br />

every week. This enables<br />

the immigrants to take the<br />

lunch bags with them during<br />

their long day ahead with the<br />

immigration authorities.<br />

At the same time, Maria<br />

Tsoni coordinated another<br />

joint effort within the office<br />

to collect warm clothes and<br />

hygiene products. <strong>The</strong> huge<br />

response enabled Maria and<br />

her colleagues to deliver a<br />

large number of items to a local<br />

warehouse for distribution to<br />

the people who need it most.<br />

Jan and Maria have received<br />

considerable gratitude for their<br />

wonderful efforts, both from<br />

the NGO and the immigrants<br />

themselves. In addition, the<br />

support from all members of<br />

our Brussels team has been<br />

fantastic and significantly<br />

surpassed all expectations.<br />

Unfortunately, as we all know,<br />

there is no happy ending to<br />

this story and the thousands<br />

of refugees in Brussels still<br />

need considerable help and<br />

support. Jan, Maria and others<br />

from our office will continue<br />

making their food and clothing<br />

donations and helping with their<br />

distribution throughout 2016.<br />

Jan Hueckmann<br />

Maria Tsoni<br />

| 11


what I know now…...<br />

In our regular series, Julia Harrison, Senior Managing Director and Managing Partner<br />

of our Strategic Communications team in Brussels tell us the most valuable lessons she<br />

has learnt from her career... and from life!<br />

<strong>The</strong>re’!’s an awful lot of<br />

hot air in the world<br />

You know more than you think you<br />

do. Be confident in your abilities,<br />

skills and expertise and always try<br />

to be substantive and thoughtful.<br />

Be modest, however<br />

that is defined!!<br />

I realise over time I have met some<br />

incredibly smart and fascinating<br />

people and I am often in awe of them.<br />

Be direct and empathetic<br />

with people in a<br />

difficult situation<br />

I recall once beating around the bush<br />

with someone during a performance<br />

review. <strong>The</strong>y turned round to me<br />

and said that I was not helping<br />

them or their development with<br />

my prevarication, and it would be a<br />

lot better if I told them directly the<br />

issues they needed to address.<br />

Stay open to new ideas<br />

Learning is a great way to challenge<br />

group thinking, particularly from<br />

young people coming into the<br />

business (not that I am old, you<br />

understand). That means they<br />

need a voice and an environment<br />

where it is safe to challenge.<br />

Keep it all in perspective<br />

When someone asks you what you<br />

know now, you are almost certainly<br />

in the last decade before retirement!<br />

But it is certainly more flattering than<br />

being cited as a “veteran lobbyist.”<br />

celebrate<br />

welcome to the world…...<br />

Albie, son of<br />

Jenny Martin<br />

(FLC, London)<br />

on 20 February<br />

Edward, son of<br />

Jess Andrews<br />

(HR, London)<br />

on 15 December<br />

Gael, son of<br />

Claudia Montagenese<br />

(CL, Madrid)<br />

on 30 January<br />

Jude, daughter of Adi<br />

Alsaeedy (FLC, Doha)<br />

on 12 December<br />

Lucas, son of<br />

Raul Chamorro<br />

Malagón (FLC, Madrid)<br />

on 24 February<br />

Albie<br />

Edward<br />

Gael<br />

Jude<br />

Lucas<br />

12 |<br />

Please note this newsletter is for internal reference only within FTI Consulting<br />

and not for external distribution to clients or any other third parties.<br />

www.fticonsulting.com<br />

©2016 FTI Consulting, Inc. All rights reserved

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