Consulting firms are rushing to make the most of the generative AI hype – presenting both opportunities and significant challenges for the industry. Amid the scramble to make the most of the new technology, a new guide sheds light on what generative AI can add to firms and consultants, while also explaining on how to navigate the challenges ahead.
FTI Consulting, a Washington, DC-headquartered management consultancy, has hired Brian Salsberg and Michael Driscoll as senior managing directors. Salsberg joins FTI’s New York office as global head of M&A within the transactions practice, bringing more than 25 years of strategy and transactions experience at consulting firms, Fortune 500s, and law firms.
Quiddity Engineering, a Houston-headquartered civil engineering firm, has launched a new environmental division. The division will provide services to help clients navigate federal, state, and local regulations and permit requirements across all of Quiddity's business lines and markets.
Capco, a management consultancy focusing on financial services and energy clients, has hired Dan Martin and Sal Kutub as partners in its US energy practice. Based in Houston, Martin brings more than 30 years of consulting experience focusing on digital transformation and enterprise systems integration for oil and gas and power and utilities clients.
RSM US, a mid-market accounting and consulting firm, on Friday laid off 3% of its workforce, Accounting Today reported. A greater proportion of the cuts fell on the consulting division, which had 5% or approximately 240 jobs eliminated.
US retail sales growth is expected to slow to 3% this holiday season, according to Bain & Company’s annual US retail holiday forecast. The consulting firm projects retail sales in November and December will reach $ 941 billion.
Berkeley Research Group (BRG), an Emeryville, CA-headquartered management consultancy, has hired Michael Seelhof as a New York-based managing director in its international arbitration and cross-border disputes team.
Blue Matter, a San Francisco-based life sciences management consulting firm, has hired John Bonasera as a principal in its New York office. Bonasera brings more than 20 years of life sciences industry and consulting experience to Blue Matter’s organizational strategy, design, and effectiveness practice.
Seidor, a Barcelona, Spain-headquartered IT consulting firm, has acquired Argentis, a San Juan, Puerto Rico-based SAP consulting firm. Founded in 2008, Argentis is an SAP partner focusing on SAP Business One, an enterprise resource planning (ERP) software solution designed for small- and medium-sized enterprises (SMEs).
MorganFranklin Consulting, a national management and technology consulting firm, has hired Amir Shah as a partner in its strategy and transformation practice and Clint Bodungen as director of cybersecurity innovation.
Keystone Strategy, a San Francisco-based strategy and economics consulting firm, has hired Susan Athey, PhD, as chief scientific advisor. Athey, who is currently the economics of technology professor at Stanford Graduate School of Business, brings more than 20 years of experience in academia, Big Tech, and government.
Riveron, a Dallas-based business advisory firm, has acquired Effectus Group, a San Jose-based accounting advisory and financial operations firm. Founded in 2013, Effectus provides services in technical accounting, IPO, transaction advisory, FinOps sustems, risk advisory and compliance, and managed accounting services.
Guidehouse, a Tysons, VA-based management consulting firm, has hired three new partners in its financial services segment: Diarmuid O'Casey, Li Zheng, and Skander Kechaou. The three professionals bring extensive experience in managed services, risk and compliance, and technology modernization.
Jeff Wray, the former global leader of EY-Parthenon, has joined FTI Consulting’s strategy arm FTI Delta as a senior managing director and leader of the new consumer & retail industry practice. Based in Philadelphia and New York, Wray brings more than 20 years of management consulting experience, with a focus on transactions advisory in the consumer products and retail industries.
Verdantas, a Tampa-based engineering and environmental consulting firm, has acquired Aegis Environmental, a Richmond, VA-based environmental consultancy. Founded in 1996, Aegis provides services in environmental health & safety, regulatory compliance, and sustainability consulting to clients in utilities, municipalities, higher education, and federal government.
SEI (Systems Evolution Inc.), a Cincinnati-headquartered management consulting firm, has unveiled a new brand identity and redesigned website. SEI says the brand transformation took over a year to complete and showcases its “commitment to innovation and excellence in the consulting space.
Pearl Meyer, a Boston-headquartered executive compensation and leadership consulting firm, has promoted Matt Turner to president of executive compensation consulting. Based in Chicago, Turner will lead the firm’s executive and broad-based compensation consulting practices.
Globant, a Luxembourg-headquartered IT services firm, has agreed to acquire Blankfactor, a Miami-based financial services sector IT consulting firm. Founded in 2016, Blankfactor works with payments, banking, and capital markets clients in North America and the UK.
The GEP Global Supply Chain Volatility Index fell to -0.37 in August, recording a second consecutive month of underutilized capacity in supply chains – as global economic conditions continue to slide.
PwC plans to lay off 1,800 employees – or 2.5% of its 75,000-person workforce in the US – according to a Wednesday report from The Wall Street Journal (WSJ). The Big Four accountancy plans to initiate the job cuts in October, people familiar with the matter told the WSJ.
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