FDIC NAMES CHRISTIE SCIACCA TO HEAD NEW INTERNATIONAL UNIT
FOR IMMEDIATE RELEASE PR-69-96 (8-29-96)
Media Contact: Robert M. Garsson (202-898-6993)
FDIC Director of Supervision Nicholas J. Ketcha Jr. today
announced the selection of Christie A. Sciacca to head a new unit
devoted to international banking and supervisory issues. Mr.
Sciacca will serve as Assistant Director of the International Bank
Supervision Branch within the Division of Supervision starting
September 16, 1996.
Mr. Sciacca is a 17-year veteran of the FDIC who left the
Corporation in 1986 to join in the founding of The Secura Group, a
national financial services consulting firm.
"Christie Sciacca is uniquely qualified to forge a new,
unified international section at the FDIC and to lead the
Corporation in this arena as we approach the next century," said
Mr. Ketcha. "Christie's excellent public and private-sector
experience and his understanding of international supervisory and
regulatory issues will serve the FDIC well in shaping a consistent
approach to oversight of international banking operations."
As Assistant Director, Mr. Sciacca will direct the
development and centralization of the FDIC's international banking
activities. In addition to bringing greater focus to the FDIC's
international banking supervision, he will lead the FDIC's work in
developing supervisory strategies with other U.S. and foreign
regulators. The new section will also coordinate the FDIC's
participation in the Basle Committee on Banking Supervision and
other international banking forums.
At The Secura Group, Mr. Sciacca has directed that firm's
Strategic Services Practice Group since 1994. In this position, Mr.
Sciacca oversaw the firm's strategic planning and
financial advisory practices and worked on numerous international
projects aimed at helping clients deal with business, regulatory and
From 1992 to 1994, Mr. Sciacca served as a Relationship
Partner at The Secura Group, working with both domestic and
global banking companies. As an Engagement Partner with the firm
from 1986 to 1991, he assisted financial institutions in creating and
implementing merger and acquisition strategies and in dealing with
regulatory and supervisory matters.
Mr. Sciacca served with the FDIC from 1969 to 1986, and
was Assistant to the Chairman when he left. In this capacity, he
was responsible for dealing with policy matters relating to bank
supervision in addition to acting as a liaison between the Chairman
and all FDIC divisions as well as the other federal and state
regulatory agencies. In 1982, when he was an Examination
Specialist with the FDIC, he also served as Chairman of the
Interagency Country Exposure Review Committee (ICERC).
Mr. Sciacca received a Bachelor of Science in Business
Administration degree, cum laude, in 1973 from Northeastern
University, Boston, Massachusetts. Mr. Sciacca also graduated
with honors from the Stonier Graduate School of Banking at
Rutgers University and from the American Bankers Association
School of International Banking at the University of Colorado at
Boulder. He lives in Herndon, Virginia, with his wife, Denise, and
their son, Christian.
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Congress created the Federal Deposit Insurance Corporation in 1933 to
restore public confidence in the nation's banking system. The FDIC
insures deposits at the nation's 12,000 banks and savings associations
and it promotes the safety and soundness of these institutions by
identifying, monitoring and addressing risks to which they are exposed.
FDIC press releases and other documents are available on the Internet via
the World Wide Web at www.fdic.gov or through Gopher at
gopher.fdic.gov. They may also be obtained through the FDIC's Public
Information Center, 801 17th St. N.W., Room 100, Washington, D.C.
20434 ((703) 562-2200).