FDIC Deputy Director for Complex Financial Institutions joins PwC

We are pleased to announce that Mary Patricia (MP) Azevedo, recent Deputy Director of the FDIC’s Office of Complex Financial Institutions, has joined PwC as a managing director in our Financial Services Regulatory Practice.

The Office of Complex Financial Institutions (OCFI) was established soon after Dodd Frank’s adoption, allowing the FDIC to conduct its new resolution powers over systemically important bank holding companies and nonbank financial firms, and to monitor these institutions.

MP led OCFI’s global work as the Deputy Director for International Coordination. She collaborated with senior foreign regulators in over 30 jurisdictions to coordinate the potential resolution of globally active systemically important firms. She also shaped global resolution policy through her position on the Financial Stability Board's Cross Border Crisis Management Group.

MP previously spent 30 years as a practicing lawyer, specializing in international financial services and global corporate governance matters. During this period, she held senior positions at Western Union, and served as a partner at Winthrop, Stimson, Putnam & Roberts where she led the firm’s Brussels practice. She is a graduate of the Fletcher School of Law and Diplomacy, the University of North Carolina School of Law at Chapel Hill, and Connecticut College.

MP will advise our clients with regards to global risk and regulatory strategy, especially involving cross border issues with unique challenges.