Prosek hires FTI's Waterworth in London

LONDON: FTI Consulting's Andrew Waterworth has joined Prosek Partners as MD and head of the firm's London office.

LONDON: FTI Consulting's Andrew Waterworth has joined Prosek Partners as MD and head of the firm's London office.

Waterworth will lead the London branch, responsible for counseling clients, building the firm's UK business, and hiring staff. He will report to CEO Jen Prosek.

Prosek Partners hired Waterworth after an extensive search, Prosek added. He will replace interim MD Richard Stevenson, who left after six months to join insurance company AXA last month as director of corporate affairs.

“His skills and experience fit our client base perfectly, but it was also a cultural fit. He's a motivational leader, team builder, and entrepreneurial – all the things that are important to us culturally,” Prosek said.

Prosek Partners, which rebranded from CJP Communications earlier this year, opened its first wholly-owned London office in July but has been serving clients there through joint ventures over the past 12 years, Prosek said. The firm employs 75 people in its London, New York, and Fairfield, CT, branches, including seven staffers in London.

“It's a huge moment for us in London,” Prosek said. “We're taking our operation in London from a service office to a growth office by hiring [Waterworth].”

Waterworth left FTI Consulting in August after 15 years at the agency, where he most recently served as MD of strategic comms and head of the financial services marketing communications practice. His departure followed that of Geoffrey Pelham-Lane, president of the global strategic communications practice at FTI, who left the firm July 27.

Prosek Partners, which specializes in financial communications, reported global revenue of $12.7 million in 2011 – nearly all of it in the US – and 26% revenue growth compared with 2010. Seventy percent of that growth was from new business.

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