FTI Consulting adds space industry expert Ernie Chung as managing director
FTI Consulting has hired Ernie Chung as a Denver-based managing director in the firm’s telecom, media, and technology (TMT) practice within the corporate finance and restructuring segment.
Chung brings 22 years of experience providing transaction-related services to investors and corporate M&A teams, with a focus on the space industry. In his new role at FTI, he will serve space and satellite value chain clients with advice on target identification, commercial and operational due diligence, merger execution, and post-merger integration.
Chung has worked with nearly all the major satellite OEMs in North America and Europe. He has deep expertise in technical cost reduction/design to value, supply chain transformation, and distressed program turnaround. He has advised on major bankruptcy and restructuring cases including Intelstat and Avanti.
“FTI Consulting has led or participated in a multitude of high-profile satellite company transactions over the years,” said Luke Schaeffer, global co-leader of the TMT industry practice at FTI Consulting. “With years of experience as a consultant and entrepreneur, Ernie brings an operational perspective to our practice that will help clients bring technology and services to the space market faster.”
Chung joins FTI from AlixPartners, where spent the last eight years and was latterly a director and space domain practice leader, working with clients including satellite suppliers, launchers, and operators. Before that, he spent six years as managing partner of Bradbury & Chung, a boutique management consultancy he co-founded.
Earlier in his career, Chung spent seven years at Booz Allen Hamilton, where he worked on operations strategy and program management engagements in the aerospace and defense industry.
He has an MBA from the University of Colorado, Boulder and a bachelor’s degree in international relations from the University of California, Santa Barbara.
“Despite all the technological advancement in space over the past 20 years, much of the financial and programmatic challenges — the business end of space — still remain,” Chung said. “I am excited to join the team as it continues to translate technology for the business community to reveal the ultimate economic value of space technology.”
FTI’s more than 6,900 global employees advise clients on managing change, mitigating risk, and resolving disputes. The consulting firm has annual revenue of $2.78 billion.
