The world’s leading professional services firm, PwC has announced the appointment of Michael Scarpa as Managing Director (MD).
He confirmed the development on social media and said that “I’m happy to share that I’m starting a new position as Managing Director at PwC!”
In this role, Michael will continue his efforts working with traditional and challenger financial institutions as they get involved with digital asset offerings.
Michael has nearly 14 years of experience. Prior to joining PwC, he was a Managing Director in KPMG’s Financial Services Regulatory Compliance and Risk practice. And he was offering traditional and non-traditional financial institutions insights and support in navigating the regulatory complexities of the US financial system.
He had been integral to the buildout of the digital asset marketplace go-to-market initiative and was working with leading crypto financial institutions as they navigated the onerous US and Global regulatory environment.
In addition to his engagement leadership, Michael frequently wrote to/spoke on industry panels and to KPMG leadership around cryptocurrencies and blockchain and the evolving regulatory environment.
Michael also supported several non-bank financial institutions with regard to US and European regulatory obligations and expectations and has developed dynamic action plans and responses to government regulators.
Prior to joining KPMG, Michael was regulatory counsel at an institutional broker-dealer and directly supported a former OCC Large Bank Principal Examiner with regard to Asset Liability Management, Liquidity Risk Management/Contingency Funding planning, Concentration Risk Management, and a myriad of other safety and soundness areas.
Michael is an alumnus of Maurice A. Deane School of Law at Hofstra University. He completed his graduation from Cornell University.
