Richard D. Hitt

Managing Director, Transaction Advisory Services Practice Leader at Navigant Consulting, Inc.

Richard D. Hitt

Richard D. Hitt

Managing Director, Transaction Advisory Services Practice Leader at Navigant Consulting, Inc.

Biography

Richard Hitt is a Managing Director in the Valuation practice of Navigant Capital Advisors, LLC and is the Practice Leader for the Valuation & Financial Risk Management practice. With more than 20 years of experience in the financial services industry, Rick has led engagements involving some of the largest acquisitions to date in the banking, thrift, brokerage, insurance, and merchant processing sectors.

Rick’s experience includes the valuation of equity interests, intangible assets, and financial instruments. These valuations have been performed in connection with mergers, acquisitions, divestitures, employee stock ownership plans, litigation, tax and financial reporting purposes (including FASB ASC 350 and FASB ASC 805). In addition, he has advised numerous community banks on shareholder value issues. His financial advisory experience includes buy-side and sell-side advisory in banking, mortgage banking, insurance brokerage, and professional services firms.

Select engagement experience includes:

* Provided valuation assistance to a $50 billion bank holding company; assisting the bank in assessing the value of a target mutual fund.
* Provided ASC 350 and ASC 805 valuation assistance in the merger of two $150 billion US banks.
* Provided valuation assistance to a $300 billion financial institution associated with its establishment of a joint venture with a top 10 brokerage house.
* Provided valuation assistance to a West Coast bank holding company, assisting the bank in evaluating the enterprise value of an acquired broker dealer subsidiary, for purposes of evaluating its goodwill.
* Initiated and advised a Midwest based bank holding company in the acquisition of 7 branches of a super-regional bank. This transaction allowed the client entry into an adjacent market and increased its size by 50 percent.

Rick is a frequent speaker to industry groups and has provided expert witness testimony on valuation issues in tax court, dissenting shareholders rights cases, and arbitration cases.

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Co Head, Mortgage Banking-Financial & Operational Risk Management Practice at Navigant Consulting, Inc.

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Managing Director, Financial Risk Management Practice at Navigant Consulting, Inc.

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Managing Director, Valuation & Financial Risk Management at Navigant Consulting, Inc.

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Managing Director at Navigant Consulting, Inc.

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Head, Quantitative Risk Management Practice at Navigant Consulting, Inc.

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Managing Director, Valuation & Financial Risk Management Practice at Navigant Consulting, Inc.

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Senior Managing Director at Ankura Consulting Group LLC

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Chief Executive Officer at Navigant Consulting, Inc.

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Head, Strategy Division at Navigant Consulting, Inc.

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Head, National Intellectual Property Valuation Practice at Navigant Consulting, Inc.

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Richard D. Hitt
Managing Director, Transaction Advisory Services Practice Leader at Navigant Consulting, Inc.
Career History
Senior Managing Director
Current

Ankura Consulting Group LLC provides business advisory services. Its services include corporate investigation, disputes and litigation support, expert witness, forensic accounting, geopolitical risk assessment, transaction advisory, turnaround and restructuring, and valuation and visual communications. The company was founded by Roger D. Carlile in November 2014 and is headquartered in Dallas, TX.

Managing Director, Transaction Advisory Services Practice Leader
Current

Navigant (NYSE: NCI) is a specialized, global expert services firm dedicated to assisting clients in creating and protecting value in the face of critical business risks and opportunities. Through senior level engagement with clients, Navigant professionals combine technical expertise in Disputes and Investigations, Economics, Financial Advisory and Management Consulting, with business pragmatism in the highly regulated Construction, Energy, Financial Services and Healthcare industries to support clients in addressing their most critical business needs.

Managing Director
Current

Navigant Capital Advisors LLC provides investment banking services. It offers fairness opinion, mergers and acquisition, private placement, due diligence, divestiture, leveraged recapitalization and refinancing, debt and equity underwriting and business turnaround advisory services. The company is headquartered in Chicago, IL.

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