FTI Consulting Appoints Paul Braithwaite and Wendy Shapss as Co-Leaders of the Global Insurance Services Practice
Washington, D.C., Nov. 10, 2015 — FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, today announced the appointment of Senior Managing Directors Paul Braithwaite and Wendy Shapss as Co-Leaders of the firm’s Global Insurance Services practice within its Forensic & Litigation Consulting segment, effective January 1, 2016. Mr. Braithwaite and Ms. Shapss are based in New York City. Senior Managing Director and industry veteran Richard Hershman, who started the Global Insurance Services practice in 2005 upon joining FTI Consulting, is stepping down as the Leader of the Global Insurance Services practice and will continue to serve in an advisory role to the practice.
Commenting on the appointment, Neal Hochberg, Global Leader of the Forensic & Litigation Consulting segment at FTI Consulting, said, “Both Paul and Wendy are highly regarded experts in the insurance industry, and they each have a wealth of experience leading complex insurance matters. Together they have helped build FTI Consulting’s Global Insurance Services team into the world-class business it is today, and I am delighted to have professionals of the caliber of Paul and Wendy at the helm.”
Mr. Braithwaite joined FTI Consulting in 2009 and has helped the firm establish an actuarial service offering within the insurance industry team. Under his direction, FTI Consulting now has a successful, diverse and growing actuarial service offering that assists clients in the areas of life insurance, health insurance, property-casualty insurance and pensions. Mr. Braithwaite is well-known and respected in the insurance and reinsurance industries, having served in senior executive positions for more than 20 years in actuarial, underwriting and general management roles, and is a highly sought-after testifier on insurance matters. Mr. Braithwaite, a Certified Reinsurance Arbitrator, is a Fellow of the Casualty Actuarial Society and has served the society as both its elected President and as the Chair of its Board of Directors.
Ms. Shapss joined FTI Consulting in 1998, and in 2005 she helped found the firm’s Global Insurance Services practice. Ms. Shapss is recognized as a leader in insurance consulting by the world's most prominent law firms and insurance and reinsurance companies. She has more than 20 years of experience in accounting, auditing, fraud and financial-based matters and specializes in litigation consulting, forensic accounting and fraud and financial investigations. Ms. Shapss is a member of FTI Consulting’s Forensic & Litigation Consulting leadership group and serves as Office Coordinator for the New York City Office. Ms. Shapss also serves on the global steering committee of FTI Consulting’s Women’s Initiative (“FTI WIN”) and is the New York Metro Leader for FTI WIN. In addition, Ms. Shapss is a Certified Public Accountant and serves as a Director of the Insurance Federation of New York.
FTI Consulting’s insurance professionals combine their business and technical acumen to help insurers, reinsurers, captives, brokers, investors, regulators, corporations and their legal and business advisors address complex strategic and tactical issues. The firm’s professionals are at the forefront of the insurance industry in supporting the strategic requirements of boards and senior executives to govern and guide, mitigate risk, protect assets, meet compliance requirements and achieve performance goals.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organizations protect and enhance enterprise value in an increasingly complex legal, regulatory and economic environment. With more than 4,400 employees located in 26 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges in areas such as investigations, litigation, mergers and acquisitions, regulatory issues, reputation management, strategic communications and restructuring. The Company generated $1.76 billion in revenues during fiscal year 2014. For more information, visit www.fticonsulting.com and connect with us on Twitter (@FTIConsulting), Facebook and LinkedIn.