Charles River Associates (NASDAQ: CRAI), a worldwide leader in providing economic, financial, and management consulting services, today announced that Nicholas J. Weir has entered into an agreement to become a vice president to CRA’s Financial Markets Practice. Mr. Weir specializes in consulting related to securities, commodities, derivative investment products, risk management, and trading practices. He is expected to begin working with CRA in May 2013.
“Nick Weir has more than 30 years of experience involving professional commodity, securities and derivative instrument trading,” said CRA's President and Chief Executive Officer Paul Maleh. “As a consultant, expert testifier, and former Trader and Trading Manager, Nick offers both the practical insights and in-depth industry perspective organizations often seek from commodity and securities-related, litigation consulting experts. We look forward to working with him.”
Mr. Weir’s consulting expertise includes evaluating the risk management exposure of major trading and investment firms, analyzing the risk exposure related to insurance coverage for risks associated with exchange traded investment products on behalf of global trading companies, and leading efforts to analyze the valuation of a wide variety of interests held by many of the world’s largest trading and investment firms. He is also regularly called upon as an expert to independently address customs and practices associated with the most complex trading and investment issues faced by market participants. In addition to his consulting expertise, Mr. Weir testifies as an expert in litigation matters. He has testified as an expert, either at deposition, trial, or in regulatory proceedings, in more than 40 matters and before forums of the US Securities and Exchange Commission, the Commodity Futures Trading Commission, the New York Stock Exchange, the National Association of Securities Dealers (NASD) now called the Securities Industry and Financial Markets Association (SIFMA), the National Futures Association (NFA), the Chicago Board of Trade, the Chicago Mercantile Exchange, US Bankruptcy Court, the American Arbitration Association, and in a number of Federal Court cases throughout the United States. He has been registered and licensed with the NASD and the NFA and has been series 3, 7, and 63 registered and licensed.
His experience includes serving as Managing Director, Principal, and Director of the Securities Practice at Navigant Economics. In addition, Mr. Weir was a Partner at Coopers & Lybrand, where he managed an Expert Services Group providing consulting and litigation services in securities, commodities, foreign exchange, financial instruments, and derivative product trading as well as investment, risk management, and market analysis. He also was a Trader for Cargill, Inc. where he had multi-billion dollar responsibility for the conduct of trading and investment decisions. He also served as Trading Manager for Cargill Investor Services (a Futures Commission Merchant), where he had supervisory responsibility for the oversight of public customer trading and investment for thousands of investor interests in hedge funds, individual managed investment accounts, and portfolio management issues involving physical commodities, options, futures, financial instruments, and foreign exchange, equity, and debt markets.
Mr. Weir has served as an arbitrator for both the NASD and the NFA and has been a member of the Board of Directors of the Futures Industry Association’s Chicago Division. He holds a Master’s degree in Economics and Finance from Webster University in Geneva, Switzerland, and a BA degree in Accounting and Business Administration from the College of St. Thomas.
About Charles River Associates (CRA)
Charles River Associates® is a global consulting firm specializing in litigation, regulatory, and financial consulting, and management consulting. CRA advises clients on economic and financial matters pertaining to litigation and regulatory proceedings, and guides corporations through critical business strategy and performance-related issues. Since 1965, clients have engaged CRA for its unique combination of functional expertise and industry knowledge, and for its objective solutions to complex problems. Headquartered in Boston, CRA has offices throughout the world. Detailed information about Charles River Associates, a registered trade name of CRA International, Inc., is available at http://www.crai.com.
Statements in this press release concerning Nicholas J. Weir, his expected start date with CRA, any future business Mr. Weir may generate for the Company, the future business, operating results, estimated cost savings, and financial condition of the Company and statements using the terms "anticipates," "believes," "expects," "should," "prospects," "target," or similar expressions are "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. These statements are based upon management's current expectations and are subject to a number of factors and uncertainties. Information contained in these forward-looking statements is inherently uncertain, and actual performance and results may differ materially due to many important factors. Such factors that could cause actual performance or results to differ materially from any forward-looking statements made by the Company include, among others, Mr. Weir's actual start date with CRA, the Company's restructuring costs and attributable annual cost savings, changes in the Company's effective tax rate, share dilution from the Company's stock-based compensation, dependence on key personnel, attracting, recruiting and retaining qualified consultants, dependence on outside experts, utilization rates, completing acquisitions and factors related to its completed acquisitions, including integration of personnel, clients and offices, and unanticipated expenses and liabilities, the risk of impairment write downs to the Company's intangible assets, including goodwill, if the Company's enterprise value declines below certain levels, risks associated with acquisitions it may make in the future, risks inherent in international operations, the performance of NeuCo, changes in accounting standards, rules and regulations, changes in the law that affect the Company's practice areas, management of new offices, the potential loss of clients, the ability of customers to terminate the Company's engagements on short notice, dependence on the growth of the Company's management consulting practice, the unpredictable nature of litigation-related projects, the ability of the Company to integrate successfully new consultants into its practice, general economic conditions, intense competition, risks inherent in litigation, and professional liability. Further information on these and other potential factors that could affect the Company's financial results is included in the Company's periodic filings with the Securities and Exchange Commission. The Company cannot guarantee any future results, levels of activity, performance or achievement. The Company undertakes no obligation to update any of its forward-looking statements after the date of this press release.
Andrea Goodman, 617-425-3333
Director of Communications
Sharon Merrill Associates, Inc.
Jim Buckley, 617-542-5300
Executive Vice President
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