FD International: Agency Business Report 2009

US CEO Edward Reilly calls FD's capital market communications area the firm's "core competency," but other areas have become important due to the recession, particularly building out sector expertise in financial services, tech, and digital.

Outlook
US CEO Edward Reilly calls FD's capital market communications area the firm's "core competency," but other areas have become important due to the recession, particularly building out sector expertise in financial services, tech, and digital.

FD also sees the down economy as an opportunity to build solid relationships.
"As the year continues, our belief is that a lot of companies will move from places where they faced enormous challenges to great opportunities," says Reilly. "There's nothing quite like a relationship in a foxhole. It tends to endure over time."

Staff
Current US headcount is 289, up 23.5% from 2007. The firm made a number of senior hires in 2008, including Sage Baker, GM in San Francisco; Dan Dent, GM in
Boston; Jackson Dunn, MD in DC; and Sherrie Weldon, MD and head of the tech and telecom sector in New York. FD also made senior management changes, including Declan Kelly to chairman of FD US and chief integration officer of FTI Consulting, and Ed Reilly to CEO.

Practice areas
Capital markets communications, corporate communications, special situations, public affairs, design and digital communications, and business consulting. FD saw growth in its capital markets, design and digital, and special situations group, the latter which works on issues like restructurings and bankruptcies.

Accounts
Key US wins include Circuit City, BAE Systems, and Dow Chemical. The firm expanded its accounts with clients such as AIG, HSBC, and Allstate.

Financial performance
FD reported global revenue of $224.5 million in 2008, up 21.2% from 2007. It does not break out its US revenue.

Key facts
Principals: Charles Watson, group CEO, Declan Kelly, chairman US, and Edward Reilly, CEO, US (pictured)

Ownership: FTI Consulting

Offices: Eight wholly owned in US, one in Canada, and nearly two dozen in Europe, Asia-Pacific, and Latin America

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