MARIA T. VULLO

Maria T. Vullo has over thirty years of experience at the highest levels of the private and public sectors.  She served as Superintendent of the New York State Department of Financial Services from 2016-2019, leading an agency of 1,400 employees, responsible for the regulation and oversight of New York's vast financial services industry.  Through her work as Superintendent, as Executive Deputy Attorney General, and her many years as a partner in a major national law firm, Ms. Vullo has deep knowledge and expertise in financial services and is well known for her legal acumen and distinguished reputation for integrity.  She is a recognized leader in banking and insurance regulation, with specialized expertise in regulatory standards, BSA/AML & OFAC compliance programs, cybsersecurity, fintech/insurtech and digital assets regulation, and state and federal consumer protection laws.  Ms. Vullo also has extensive experience as a leading trial and appellate litigator for many years.

As DFS Superintendent, Ms. Vullo authored Part 504, the transaction monitoring regulation, and Part 500, the cybersecurity regulation, among many other regulations.  She promoted both industry growth and consumer protection in the financial services industry, setting prudent industry standards for the insurance and banking industries.  Ms. Vullo also championed responsible financial services innovation in a strong regulatory environment, including in the areas of fintech, insurtech, digital assets, and big data.

As the lead regulator of the insurance industry, Ms. Vullo promoted strong fiscal oversight, appropriate industry mergers & acquisitions, and strong consumer protections.  Under her leadership, the department resolved numerous market conduct examinations and investigations of insurance companies and agents.   Under Ms. Vullo's leadership, NYDFS collaborated with other banking and law enforcement agencies in conducting and resolving investigations and enforcement actions involving the Bank Secrecy Act, anti-money laundering laws, OFAC sanctions compliance, foreign exchange markets and whistleblower practices.  Ms. Vullo promoted compliance programs, utilizing monitors where necessary to best achieve compliance.  Ms. Vullo also championed legislation for student loan servicers, comprehensive health insurance and principle-based reserving for the life insurance industry.  

Ms. Vullo is a national leader on cybersecurity, the dual banking system and the regulation of banks and nonbanks.  As superintendent, she was a leader at the National Association of Insurance Commissioners, where she promoted Part 500 as the national cybersecurity model, led the Reinsurance Task Force in implementing the bilateral agreement between the United States and the European Union, and championed a strong state-based insurance system of regulation.  As a bank regulator, Ms. Vullo was a leader at the Conference of State Bank Supervisors, serving on its board of directors and promoting the community banking industry.  As a leading regulator, Ms. Vullo was a regular keynote speaker at industry, bar association and governmental events.  

Prior to her service as Superintendent, Ms. Vullo was a senior partner with Paul, Weiss, Rifkind, Wharton & Garrison LLP, where she handled significant civil, regulatory and criminal investigations and litigations, involving banking, insurance, real estate, securities, private equity, antitrust and constitutional law.  Ms. Vullo is an accomplished trial and appellate litigator, with experience in federal and state courts and in mediation and arbitration proceedings throughout the country.   Ms. Vullo also served as Chief Legal Officer and Vice Chairman of Emigrant Bank.  In addition, she served as Executive Deputy Attorney General for Economic Justice in the Office of the New York Attorney General, where she was responsible for all Investor Protection, Antitrust, Real Estate Finance, Consumer Protection & Internet investigations and litigations.  Ms. Vullo is the recipient of numerous awards, has received the highest ratings for legal acumen and ethics, and is a recognized leader in the legal and regulatory communities.

In addition to her active consulting practice, Ms. Vullo is an Adjunct Professor of Law at Fordham Law School, Regulator-in-Residence at the Fintech Innovation Lab NYC, and Senior Fellow at New York University School of Law's Program on Corporate Compliance and Enforcement.

Ms. Vullo holds a J.D. from New York University School of Law, an M.P.A. from NYU Wagner's Graduate School of Public Service, and a B.A. and Honorary Ph.D. from the University of Mount Saint Vincent.