Fernando has more than 25 years of public accounting and serves as the Managing Partner of BDO Puerto Rico/USVI. He is the head of the Business Advisory Division. He has been involved in providing services to insurance companies as well as to publicly-traded, private, multi-national, growth-oriented companies and not-for-profit organizations. Mr. Scherrer is a licensed Certified Public Accountant in Puerto Rico, USVI, Illinois and Louisiana, and a Certified Insolvency and Restructuring Advisor (CIRA). He is also certified as an Arbitrator by the Puerto Rico Supreme Court and has extensive insurance and SEC reporting experience and has assisted clients on initial public offerings and other public filings, mergers and acquisitions, due diligence procedures, review of internal controls and other matters, and has performed several valuation analyses for “buy-sell” transactions. Fernando serves as expert witness and advisor in various cases assisting several law firms.
From 2006 and 2009, Mr. Scherrer was the Executive Vice President and Chief Financial Officer at FirstBank Puerto Rico, at the time a $19 billion publicly traded financial institution. During his three-year stay at FirstBank, Mr. Scherrer led key projects like the restatement process, capital raising initiatives, the implementation and improvements of interest rate risk measurements and reporting tools and was instrumental in the lifting of all cease and desist orders by regulatory agencies. Mr. Scherrer spent 10 years of his career in the Big 4 accounting firm Price Waterhouse (now PricewaterhouseCoopers LLP or PwC), where he acquired expertise in the financial services, government, manufacturing, distribution and insurance industries.
American Institute of Certified Public Accountants
Puerto Rico Society of Certified Public Accountants
Institute of Internal Auditors
Association of Insolvency and Restructuring Advisors
Bachelor’s Degree in Business Administration with major in Accounting from Washington University
Master’s Degree in Finance from the University of North Carolina