FTI Consulting Enhances Global Insurance Services Practice with Key Senior Appointment

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FTI Consulting Welcomes Maria Filipakis as Senior Managing Director

Introduction

In a significant move to bolster its Global Insurance Services practice, FTI Consulting, Inc. (NYSE: FCN) has announced the appointment of Maria Filipakis as a Senior Managing Director within its Forensic and Litigation Consulting segment. This strategic addition, effective from October 7, 2024, underscores FTI Consulting’s commitment to addressing the evolving challenges faced by clients in the financial services sector.

Maria Filipakis: A Wealth of Experience

Maria Filipakis brings nearly two decades of extensive experience in the financial services industry, particularly in regulatory and compliance matters. Based in New York, she has held pivotal roles in government, including serving as the first Executive Deputy Superintendent of the Capital Markets Division at the New York State Department of Financial Services. In this capacity, she was instrumental in developing groundbreaking regulations for cybersecurity and digital currencies—two areas that have become increasingly critical in today’s financial landscape.

Her diverse background encompasses roles as a litigator, enforcement lawyer, and chief of a state securities bureau, providing her with a unique perspective on the intersection of law, finance, and technology. This multifaceted expertise positions her to effectively support clients navigating the complexities of regulatory compliance and risk management.

Addressing Emerging Risks in the Insurance Industry

The insurance industry is undergoing a transformative phase, with emerging risks related to artificial intelligence, compliance, regulation, and litigation becoming more pronounced. Wendy Shapss, a Senior Managing Director and Co-Leader of the Global Insurance Services practice at FTI Consulting, emphasized the importance of combining industry expertise with technical acumen to guide clients through these challenges. Filipakis’s appointment is a testament to FTI Consulting’s ongoing commitment to equipping clients with the necessary tools to navigate this evolving risk landscape.

In her new role, Filipakis will leverage her extensive knowledge to assist clients in the financial services industry with a variety of challenges, including regulatory compliance, claims management, risk assessment, and financial analysis. Her insights into cybersecurity and insurance will be invaluable as organizations seek to bolster their defenses against emerging threats.

A Vision for Innovative Solutions

Commenting on her new position, Filipakis expressed enthusiasm for joining FTI Consulting, stating, “FTI Consulting is widely recognized as a first-rate player in financial services when it comes to supporting strategic and tactical challenges. I look forward to joining my colleagues as we develop innovative and practical solutions that maximize value for our clients.” Her vision aligns with FTI Consulting’s mission to provide comprehensive support to organizations facing complex business challenges.

Strengthening Risk Management Strategies

William Perlstein, Global Segment Leader of the Forensic and Litigation Consulting segment and Vice Chair of Client Services, highlighted the need for businesses to reassess their risk management strategies in light of a challenging regulatory environment and advancements in technology. Filipakis’s diverse experience and depth of knowledge across various sectors will enhance FTI Consulting’s ability to help clients identify and mitigate risks while improving overall performance.

About FTI Consulting

FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations manage change, mitigate risk, and resolve disputes across financial, legal, operational, political, regulatory, reputational, and transactional domains. With over 8,000 employees in 33 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate, and overcome complex business challenges. The firm generated $3.49 billion in revenues during the fiscal year 2023, reflecting its strong position in the advisory market.

Conclusion

Maria Filipakis’s appointment as Senior Managing Director at FTI Consulting marks a significant step forward for the firm as it seeks to enhance its capabilities in the Global Insurance Services sector. Her extensive experience and commitment to innovative solutions will undoubtedly play a crucial role in helping clients navigate the complexities of the financial services landscape. As FTI Consulting continues to evolve, it remains dedicated to providing the highest level of service and expertise to its clients, ensuring they are well-equipped to face the challenges of tomorrow.

For more information about FTI Consulting and its services, visit www.fticonsulting.com.

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