FTI Consulting expands Global Insurance Services with Maria Filipakis as Senior Managing Director

FTI Consulting, Inc., a business advisory firm, has announced the expansion of its Global Insurance Services practice with the appointment of Maria Filipakis as a Senior Managing Director in the company’s Forensic and Litigation Consulting segment.

Filipakis, based in New York, brings extensive expertise across the insurance, cryptocurrency, cybersecurity, and financial services industries.

With nearly 20 years of government experience, she has held positions as a litigator, enforcement attorney, chief of a state securities bureau, and regulator in both banking and insurance.

Previously, Filipakis was the first Executive Deputy Superintendent of the Capital Markets Division at the New York State Department of Financial Services, where she played a key role in shaping two groundbreaking regulations for cybersecurity and digital currencies.

At FTI Consulting, she will help clients in the financial services sector navigate regulatory, compliance, and claims-related issues, as well as support risk management, due diligence, and financial analysis.

Her diverse background in insurance and cybersecurity will be invaluable in addressing a broad range of regulatory and compliance challenges.

“Our insurance industry clients have experienced a shift in the last few years with a number of emerging risks related to artificial intelligence, compliance, regulation and litigation,” added Wendy Shapss, Senior Managing Director and Co-Leader of the Global Insurance Services practice at FTI Consulting.

“Our professionals combine industry expertise with technical acumen to guide clients through these challenges. The appointment of Maria highlights our ongoing commitment to provide the necessary tools to navigate this evolving risk landscape.”

Before joining FTI Consulting, Filipakis co-founded and was Managing Partner at the Topside Group, where she advised companies and government agencies on strategic and regulatory matters. Her expertise covered various sectors, including securities, insurance, banking, cybersecurity, and digital currencies, among other areas.

Filipakiss commented: “FTI Consulting is widely recognised 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 maximise value for our clients.”

William Perlstein, Global Segment Leader of the firm’s Forensic and Litigation Consulting segment and Vice Chair of Client Services, further added: “Businesses are reassessing how they approach risk management as they navigate a challenging regulatory landscape and advancements in artificial intelligence. Maria’s diverse experience and depth of knowledge across a broad range of businesses in the financial services sector enhances our ability to help clients identify and reduce risk and improve performance.”

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