Cristina Caffarra

Cristina Caffarra
Cristina Caffarra
Partner, Head of Keystone Europe

Dr. Cristina Caffarra is a lead competition economist and recently joined Keystone as Managing Partner to lead the firm’s expansion into Europe, with a combination of antitrust/regulatory experience and data science, technology and business strategy. Keystone serves technology clients globally with leading experts in multiple areas of economics, strategy and computer science, and is supporting Dr Caffarra’s experience and track record in digital and TMT across Europe and beyond. Prior to joining Keystone, for 15 years she served as the Head of European Competition at Charles River Associates.

She has directed economic analyses in multiple competition investigations on some of the landmark mergers and antitrust matters of the past 25 years, before the EC and the competition agencies of the UK, multiple Member States, and across the globe. She has provided expert economic evidence in multiple litigated cases before the courts (from the General Court in Luxembourg to the High Court and the Competition Appeal Tribunal in London, and many more).

Dr. Caffarra is a recognized contributor to the global discussion on regulation of the digital economy, advising both companies and government agencies.  She regularly keynotes and participates to roundtables events on competition, regulation and digital policy. Dr. Caffarra is an Honorary Professor at University College London and Co-Director of the CEPR Competition Research Policy Network.



  • PhD in Economics from Oxford University
  • B.A. Economics, University of Modena