In this episode of our series, “Crypto leadership & talent: Evolution of control functions,” part of the Heidrick & Struggles Leadership Podcast, Michael Held, a partner at law firm WilmerHale and former general counsel at the Federal Reserve Bank of New York, discusses how both traditional finance and crypto and fintech, can navigate the ever-evolving regulatory environment. He shares what his transition from the Federal Reserve Bank of New York to a law firm was like as well as his first exposure to the crypto and digital asset sector, then talks about how, because legal teams need to be constantly learning, he decides what expertise he needs in his team and what expertise he can rely on business partners. Heidrick & Struggles’ David Richardson shares what he is seeing from a client perspective, whether executives, particularly those with policy regulatory backgrounds, are hesitant to move into the crypto and digital asset space now, and what kind of skill sets and capabilities are currently being sought out, specifically in the legal and risk functions in terms of crypto. Finally, Held shares how his clients find that balance between financial and regulatory stability and innovation.
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