Navigant Capital Advisors Expands Financial Institutions Restructuring Solutions Team (FIRST) with the Addition of Hedge Fund Expert Robert A. Picard as Senior Advisor

Navigant Consulting, Inc. (NYSE: NCI), a global consulting firm providing dispute, investigative, operational, risk management and financial advisory solutions, today announced that Robert A. Picard has been appointed Senior Advisor. He will provide services for the firm’s Financial Institutions Restructuring Solutions Team ("FIRST™”), part of Navigant Capital Advisors (NCA), the dedicated corporate finance business unit of Navigant Consulting. The team provides a full suite of services to stressed and distressed financial institutions.

"Robert Picard has over 20 years of proven track record building successful businesses in alternative investments with competitive returns,” stated Edward Casas, Senior Managing Director and Head of Navigant Capital Advisors Restructuring and Investment Banking. "Given the volume of hedge fund closures and parties impacted by this trend, Mr. Picard’s unique background will be invaluable to clients in providing real life hedge fund solutions to deal with the major challenges facing hedge fund and financial institutions during this economic crisis.”

Mr. Picard most recently served as Chief Investment Officer at Optima Fund Management, overseeing $6.5 billion in hedge fund of fund investments. Prior to joining Optima, Mr. Picard was a Managing Director at The Carlyle Group, where he built and managed the process and portfolio of an innovative hedge fund business that provided an institutional platform for institutions investing in alternative investments. Previously, Mr. Picard also served as Managing Director at RBC Capital Risk Advisors, working with the Global Equity Derivatives Group of Royal Bank of Canada, as European Manager, Structured Equity Products for RBC Dominion Securities Inc., as European Product Manager, Global Equity Derivatives for Kidder, Peabody in Europe and earlier worked for Bank Nomura (Suisse) S.A. trading and selling multicurrency, Japanese and South-East Asian convertible and warrant products. Mr. Picard graduated from College de Geneve and attended the University of Geneva School of Law.

”Having been part of the rapid growth of the hedge fund industry, my goal is to provide focused expertise to Navigant in a fully-integrated suite of advisory services and liquidity solutions to both hedge funds and hedge fund of funds globally,” stated Robert Picard. "In the current investment environment the ability to combine the distinguished restructuring and distressed investment banking capability of Navigant Capital Advisors with Navigant Consulting’s investigative, valuation and regulatory services provides a unique platform to address hedge fund clients most complex challenges.”

Navigant brings decades of experience assisting clients who are facing highly complex issues in the midst of the credit crisis. The FIRST™ service offering is designed to provide: investor / manager oversight; portfolio valuation and assessment; counter party and creditor work out support, institutional sales solutions; sales, transfers and novation of over-the-counter (OTC) derivatives; and general corporate strategic advisory.

The team has represented financial institutions and hedge funds, with tens of billions in assets under management or creditor claims, in restructuring and/or conducting orderly dispositions over the course of the last 24 months.

About Navigant Consulting

Navigant Consulting, Inc. (NYSE:NCI) is a specialized independent consulting firm providing dispute, financial, regulatory and operational advisory services to government agencies, legal counsel and large companies facing the challenges of uncertainty, risk, distress and significant change. The Company focuses on industries undergoing substantial regulatory or structural change including healthcare, energy and financial and insurance services, and on the issues driving these transformations. "Navigant” is a service mark of Navigant International, Inc. Navigant Consulting, Inc. (NCI) is not affiliated, associated, or in any way connected with Navigant International, Inc. and NCI’s use of "Navigant” is made under license from Navigant International, Inc. More information about Navigant Consulting can be found at www.navigantconsulting.com.

About Navigant Capital Advisors

Navigant Capital Advisors (NCA) is the dedicated corporate finance business unit of Navigant Consulting, Inc. NCA serves the Restructuring, Investment Banking, Restructuring, Valuation, and Transaction Advisory needs of companies, private equity groups, lenders, and other creditor constituencies. Investment banking, private placement, merger, acquisition and divestiture services offered through Navigant Capital Advisors, LLC. Member FINRA/SIPC. More information about Navigant Capital Advisors can be found at www.ncacf.com.