Press Release

Navigant Consulting Launches Financial Institutions Restructuring Solutions Team

November 11, 2008 at 9:01 AM EST

CHICAGO--(BUSINESS WIRE)--Nov. 11, 2008--Navigant Consulting, Inc. (NYSE: NCI), a global consulting firm providing dispute, investigative, operational, risk management and financial advisory solutions, today announced that Mitchell D. Kaye, has joined the company as Managing Director. Mr. Kaye will lead the newly created Financial Institutions Restructuring Solutions Team ("FIRST(TM)") on behalf of Navigant Capital Advisors (NCA), the dedicated corporate finance business unit of Navigant Consulting. The team will provide a full suite of services to stressed and distressed financial institutions.

Prior to joining Navigant Consulting, Mr. Kaye was Founder and CEO of Belhaven Partners, a leading hedge fund restructuring boutique. Belhaven provided liquidity and advisory services to hedge funds and hedge fund investors. Before founding Belhaven, Mr. Kaye was the CEO of two asset management firms: Xmark Asset Management, which he founded in 2001 and ran until 2007; and Brown Simpson Asset Management, which he co-founded in 1995 and ran until 2001.

"Mitchell has been an active hedge fund investor for more than a decade and has served all functions within multiple asset management businesses," stated Edward Casas, Managing Director and co-leader of Navigant Capital Advisors. "Given the burgeoning spate of hedge fund closures and parties impacted by this trend, we feel that Mitchell's experience will be invaluable to clients in providing practiced solutions to deal with the major challenges facing hedge fund and financial institutions during this economic crisis."

"My goal is to expand upon the well-established track records of Navigant in providing a fully-integrated suite of advisory services and liquidity solutions to distressed financial institutions across the globe," stated Kaye. "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 solve our clients most complex challenges."

Navigant brings to bear decades of on point experience assisting clients who are facing highly complex issues in the midst of the credit crisis. The FIRST(TM) 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 billions in assets under management or creditor claims, in successfully 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.

CONTACT: Carrie Grapenthin Navigant Consulting Inc. 312.573.5636 Marilyn Kahn Navigant Capital Advisors 847.821.1153

SOURCE: Navigant Consulting, Inc.

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