Toby Duthie

Practice Areas

Investigations

Disputes

Advisory

Data & Technology

Audit and Accounting Advisory

Fraud

Bribery and Corruption

Anti-Money Laundering & Sanctions

Career

Toby Duthie is a Founding Partner of FRA with more than 30 years’ experience in financial analysis, complex financial modelling, AML, anti-fraud and anti-bribery and corruption (ABAC). Fluent in English and German and conversational in French, Toby specializes in multi-jurisdictional investigations, compliance testing and reviews, and government enforcement. ​

Highly regarded and trusted within the industry, clients note that Toby is “a superstar”, “thoughtful, strong at identifying the biggest issues facing a company and insightful in finding paths forward” and that there was “no one better in the field.”​

Toby has led many complex investigations and fine calculations in the context of various civil and criminal enforcement matters around the involving several prosecuting and regulatory authorities (US, UK, German, Swiss, French, Dutch, Swedish, Brazilian, Singaporean, South African and others). Areas of experience include bribery and corruption, trade and export controls, financial fraud (accounting, procurement, market conduct etc), sanctions, AML and ATF.

A graduate with honors from University College London, Toby previously worked as a steel trader in Hong Kong and in the investment banking division of Deutsche Bank/Morgan Grenfell. He also sits on the Global Investigations Review (GIR) editorial board.

Work Highlights

Work Highlights include:

Airbus: Led the multi-year, multinational investigation, resulting in a EUR 3.6b settlement with four investigative authorities: UK Serious Fraud Office (SFO), the US Department of Justice (DOJ), the US Department of State (DOS) and French Parquet National Financier (PNF). ​

ABB: Supported the company’s USD 327m settlement with South African, US, and Swiss authorities related to the legacy Kusile project. ​This was a joint civil and criminal resolution including civil redress with Eskom, the state-owned client.

Entain plc: Supported the company in relation to an HM Revenue & Customs investigation, resulting in the first ever DPA with the UK Crown Prosecution Service and a GBP 585m settlement ​

Gunvor SA: Supported the Switzerland-based commodities trading firm and its external counsel in a complex profit calculation that led to a USD 660m fine and profit forfeiture, agreed with the US DOJ and Swiss Office of the Attorney General. ​

Petrofac: Led the fine calculation and ability-to-pay assessment (GBP 77m) for the guilty plea. ​

Rolls-Royce: Led the FRA team supporting the company in DOJ, SFO, and Brazilian settlements (GBP 671m).

RTX: Supported the defense contractor and counsel with DOJ fine calculation negotiations (USD 950m).​‍

TechnipFMC: Supported the company and counsel in the investigations and resolutions with the Brazilian and US authorities (USD338m) and the PNF (EUR208m).

Seatrium: Led the proposed settlement between the Singapore-based offshore energy company and the Brazilian authorities (AGU, CGU & MPF), and the DPA and related penalty negotiations with Singapore’s Corrupt Practices Investigation Bureau (CPIB).​

GPT: Led the SFO-related fine calculation teams (GBP 28.1m) for the guilty plea​

Financial services: Supported numerous financial crime investigations, enforcement matters and risk assessments for leading global financial institutions, e.g. Barclays (2008 capital raise), Deutsche Bank (Sons and Daughters), Société Générale (Libya), among others.

Monitorships: Worked on seven compliance monitorships and similar engagements involving the US DOJ, SEC, FinCEN, and DOS, the French AFA, the UK SFO and others. He has supported corporates and financial institutions in responding to monitorships as well as supported the monitors themselves.

Other high-profile clients over the years include Teva, SBM Offshore, Innospec, Panalpina, Total, Technip Bonny Island LNG, and Diebold. ​

Awards

Languages Spoken

English

German