Toby Duthie is a founding partner of FRA and head of its UK and European offices. He has more than 20 years’ experience in financial analysis, complex financial modeling, investigations and compliance reviews. Fluent in English and German, Toby has particular expertise in multi-jurisdictional investigations, anti-bribery and corruption compliance testing, and specializes in matters of government enforcement especially in the UK and the US.
Toby won Investigations Forensic Accountant of the Year 2018 at the Who’s Who Legal Awards and is recognized in Who’s Who Legal: Thought Leaders – Investigations 2018; Who’s Who Legal: Investigations (2018 and 2017) and Who’s Who Legal: Consulting Experts 2017. One source describes him as, “first-rate” in multi-jurisdictional investigations and government enforcement matters, with clients lauding his expertise as “unsurpassed” and “tremendously impressive, he knows all there is to know about FCPA enforcement”.
Toby has worked on a number of complex financial frauds and bribery investigations which have involved disgorgement and fine calculation analysis and modeling in a variety of jurisdictions, including the US, Japan, Austria, and the UK, with the most recent including the Rolls-Royce £700m DOJ, SFO and Brazilian settlement, the $521 million Teva settlement and the $328 million SBM Offshore matter.
As one of FRA’s founding partners, Toby was instrumental in developing the firm’s white-collar and regulatory defense services across Europe and has been integral in resolving high-profile FCPA enforcement cases going back to 2004 including Panalpina, Bonny Island LNG, and Oil-for-Food. He has worked on matters involving UK, Swiss, Dutch, and French regulators and has extensive experience calculating damages in FCPA enforcement actions. He has worked on four of the ten largest FCPA settlements.
Toby has further worked on some compliance monitorships involving the natural resources and IT sectors.
He also set up the UK’s first third party litigation funding company in 2002 (IM Litigation Management Limited) which pursued over 50 claims with over a 70% success rate.
A graduate with honors from University College London, Toby worked as a steel trader in Hong Kong and in the investment banking division of Deutsche Bank/Morgan Grenfell.