Huron Consulting Group Opens First International Office in Tokyo
CHICAGO - April 26, 2007 - Huron Consulting Group (NASDAQ: HURN), a leading provider of financial and operational consulting services, today announced it has opened the Company's first international office in Tokyo, Japan.
"We believe that Japan represents a significant opportunity for Huron," said Gary E. Holdren, chairman and chief executive officer, Huron Consulting Group. "Japan is the second largest business community in the world, with more Global 1000 companies in Tokyo than any other city in the world. Equally important from our perspective is the fact that Japan will adopt its own version of Sarbanes-Oxley in 2008. Known as JSOX, implementation of new corporate procedures and systems will create many of the same consulting opportunities that have existed in the United States during the past five years."
Holdren added, "Huron can provide meaningful guidance to companies as they implement these new reporting procedures. We have hired three experienced senior executives, formerly with Arthur Andersen to help us start a firm in Japan that will try to replicate the kind of growth and success Huron has experienced in the U.S. since its founding. Over time, we will offer a broad portfolio of service offerings and we believe that many services we offer in the U.S. can be replicated in Japan, as JSOX is put into effect and Japanese companies continue to compete in the global capital markets. In the longer term, we expect that other Huron services will also become valuable to the Japanese business community."
The new office will be led by Yuji (Kurt) Yamamoto. He will be joined by Masaaki Ikeda and Shusuke Taruta. They have been named managing directors of the Company.
"My colleagues and I are delighted to be joining the Huron team," said Yuji Yamamoto, managing director, Huron Consulting Group. "There is a significant opportunity for us to build a solid, growing office in the marketplace, and we believe that Huron's success in the United States can be replicated here in Japan."
Yuji (Kurt) Yamamoto comes to Huron from Kokusai Motors Inc., one of the largest transportation companies in Japan, where he served as president and CEO during the company's turnaround. Prior to Kokusai Motors, he was a president at ASG Advisors Inc., a member of Grant Thornton, providing turnaround business services to the local market. During his career, he was also a practice managing partner for Arthur Andersen's Business Consulting unit. He is a member of Japanese Institute of Certified Public Accountants (JICPA) and the Japan Association of Corporate Executives. Yamamoto received his MSA from Nihon University.
Masaaki Ikeda comes to Huron from BearingPoint, where he served as a managing director and CPG/Retail industry team leader. He specializes in strategic and operational consulting services in industries such as financial, retail, manufacturing, services, distribution, and telecom. He also has experience in restructuring distressed companies, implementation of organizational change, post merger integrations, new business planning, IPO assistance, and information system development. Ikeda, who received his BA from Waseda University, started his career with Arthur Andersen.
Shusuke Taruta comes to Huron from Ernst & Young, where he was an executive director providing business and tax related advisory services, including outbound investment support and transfer pricing advisory services to clients. During his career, he has held a regional director position of the Japanese business practice in Coopers & Lybrand (currently PricewaterhouseCoopers) focused on business advisory services across industries, including the Japanese automotive industry in the United States. He began his professional career with Arthur Andersen. He received his MBA from Rosary College.
About Huron Consulting Group
Huron Consulting Group helps clients effectively address complex challenges that arise in litigation, disputes, investigations, regulatory compliance, procurement, financial distress, and other sources of significant conflict or change. The Company also helps clients deliver superior customer and capital market performance through integrated strategic, operational, and organizational change. Huron provides services to a wide variety of both financially sound and distressed organizations, including Fortune 500 companies, medium-sized businesses, leading academic institutions, healthcare organizations, and the law firms that represent these various organizations. Learn more at www.huronconsultinggroup.com.
Jennifer Frost Hennagir, Director
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