Grant Thornton, a provider of audit and assurance, tax and advisory services, added Chris Scarpa as a tax principal for the firm’s asset management industry practice in Philadelphia.

“Chris provides a powerful combination of in-depth industry knowledge and a knack for fostering genuine relationships,” Dave Maturo, market managing principal in Philadelphia for Grant Thornton, said. “As both our Philadelphia office and our asset management team continue to grow, Chris will help deliver the personalized service clients need in today’s challenging business environment.”

Scarpa is both a tax professional and an attorney, and for more than 26 years, he practiced law as a partner for the firm Stradley Ronon Stevens & Young. During that time, he largely focused on the taxation of pooled investment vehicles, including mutual funds, exchange-traded funds (ETFs) and real estate mortgage investment conduits (REMICs). He also frequently advised investment companies on compliance requirements associated with the Internal Revenue Code.

“From shifting interest rates and new regulations to cybersecurity threats and technology integration, asset management leaders have a host of areas to concentrate on in the current landscape,” Michael Patanella, partner and national asset management leader at Grant Thornton, said. “Chris’ wealth of experience and track record of success tackling some of the most complex and nuanced topics in our industry make him a valuable addition to our asset management team.”

Scarpa is knowledgeable on a variety of intricate tax matters, including the taxation of financial products, as well as investment-related international tax issues such as the Foreign Account Tax Compliance Act and the Foreign Investment in Real Property Tax Act.

“Dave is leading an incredible team in Philadelphia, and this is a special opportunity to work with some of the most talented audit and assurance, tax and advisory professionals serving the asset management industry,” Scarpa said. “Grant Thornton has a truly impressive reach and a wide selection of service offerings, but everything we do is personalized to our clients. That’s exactly the level of service funds and companies need right now.”