David Z. Moss joined Purrington Moody Weil LLP as a Partner in March 2012. Prior to joining the firm, Mr. Moss was Senior Vice President & Counsel at D. E. Shaw & Co., L.P., where he managed the documentation group and for more than ten years handled a range of hedge fund and asset management trading agreements as well as regulatory matters relating to OTC derivatives.
Purrington Moody Weil is a boutique law firm representing primarily buy-side clients on investment management, corporate, regulatory and transactional matters. Mr. Moss' practice is primarily in OTC derivatives, prime brokerage, and futures; he handles both trading agreements and regulatory compliance matters in each of those areas. His OTC derivatives experience includes having represented the D. E. Shaw group on ISDA's Equity Steering Committee and as a voting member of the ISDA Credit Derivatives Determinations Committee. He acted as co-chair of the ISDA working group responsible for the Equity Derivatives Determinations Committee and was one of the primary buy-side negotiators in the 2011 ISDA Equity Derivatives Definitions project. He was also a member of the MFA's OTC Derivatives Regulatory Subcommittee as well as the FIA working group that drafted the OTC clearing addendum.
Mr. Moss received his J.D. from the UC Berkeley School of Law in 1994, where he was a member of the Order of the Coif, and his B.A. in economics from the University of California, Berkeley in 1991, where he graduated magna cum laude.
Harold S. Novikoff focuses on creditors' rights, bankruptcy, debt restructurings and financial market transactions, and is Chair of the Restructuring and Finance Department at Wachtell, Lipton, Rosen & Katz. Mr. Novikoff has more than 37 years of professional experience in repre-senting the principal creditors in major Chapter 11 cases and out-of-court debt restructurings; purchasers of financially distressed companies; and dealers and other market participants in connection with derivatives, repurchase agreements and other financial market transactions.
Mr. Novikoff has chaired and taught numerous continuing legal education and professional pro-grams on a broad spectrum of financial, creditors' rights and bankruptcy-related topics. He is a co-author of Collier on Bankruptcy, and an author of numerous published articles and outlines on bankruptcy-related topics.
Mr. Novikoff is a former chair of the Committee on Bankruptcy and Corporate Reorganization of the Association of the Bar of the City of New York, co-chair of the Capital Markets Committee of the National Bankruptcy Conference, a Commissioner of the ABI Commission to Study Chapter 11 Reform, a Fellow of the American College of Bankruptcy, and a member of the Steering Committee of the Board of Visitors of Columbia Law School.
Recent representations include the United States Treasury in the rescues of Fannie Mae and Freddie Mac, JPMorgan (the largest secured creditor) in the Lehman Brothers and MF Global bankruptcies, and major creditors of Collins & Aikman, KKR Atlantic and Pacific, Axon Financial, Victoria Finance, Northwest Airlines, HealthSouth, 360networks, Thornburg Mortgage, American Home Mortgage, GMAC Mortgage, Independent Wireless One, Looking Glass Networks, National Century Financial Enterprises, American Business Financial Services and Navigator Gas.
Mr. Novikoff received his bachelor's degree with Distinction from Cornell University. He received his Juris Doctor from Columbia University School of Law, where he was a member of the Columbia Law Review.
Sarah J. Lee is a Managing Director and Associate General Counsel at Bank of America Merrill Lynch in New York and is Global Head of Fixed Income Derivatives and Regulatory Reform in the Legal Department. Ms. Lee has been with Bank of America Merrill Lynch since 1996, spending six years in the London office and moving to New York in January 2003. Ms. Lee has very broad derivatives and regulatory experience and has worked most recently in the US and Europe on regulatory reform initiatives working with policymakers and regulators in Washington DC and Brussels. Ms. Lee is also an active member of many ISDA working groups for derivative products including credit, interest rates, FX and property derivatives. As an experienced industry practitioner, Ms. Lee is currently serving as one of the members of the ISDA Advisory Board to the ISDA Documentation Committee.
Ms Lee has been recognised in the industry for her leadership in her field of expertise winning the Global Counsel Award Individual of the Year 2011 for Regulatory Financial Services and most recently International Financial Law Review In-House Award at the Americas Women in Business Law Awards 2012. Ms Lee was also one of the 3 solicitors shortlisted in England and Wales as In House Solicitor of the Year 2011.
Prior to joining Bank of America Merrill Lynch, Ms. Lee was a solicitor at Denton Wilde Sapte during which time she spent eight months in their Tokyo office.
Ms. Lee received an LL.B. degree with honors from Kingston University, London, England.
Geoffrey B. Goldman is a partner in the New York office of Shearman & Sterling LLP. Mr. Goldman’s practice focuses on derivatives, structured products and financial regulation. He has extensive experience with structuring and documenting over-the-counter derivatives transactions, particularly credit and equity derivatives. He has represented clearinghouses, trading facilities, repositories and other infrastructure providers for derivatives transactions and has advised industry groups in developing industry-standard documentation for derivative products. He regularly provides advice with respect to commodities, securities and other regulatory issues related to derivatives and other financial products.
Mr. Goldman also has broad experience representing issuers and underwriters of synthetic and cash-flow collateralized debt obligation transactions. He has advised clients on structuring public and private commodity pools. Clients include major U.S. and foreign financial institutions, clearing organizations and trading facilities, derivatives infrastructure providers, corporate users of derivatives, hedge funds and industry groups.
Columbia Law School, J.D., 1996
Stanford University, A.B., 1993
Christine Trent Parker
Christine Parker is an associate in the Financial Institutions Group and the Commodities, Futures & Derivatives Group. Her practice involves a broad range of securities and derivatives-related regulatory and transactional matters. She regularly advises commercial banks, hedge funds, investment banks, trading companies, trading advisers, corporations and other types of clients on a variety of trading and regulatory issues relating to the implementation of Title VII of Dodd-Frank. Before joining Sullivan & Cromwell, she was legislative counsel to U.S. Senator Charles E. Schumer, where she focused on defense, energy and foreign policy issues. Christine is a graduate of Yale College and Yale Law School.
David Aman is a Senior Advisor in Risk Oversight and Operational Regulation (ROOR) within Member Supervision at FINRA, where he advises ROOR examination and policy staff on legal issues and the development, interpretation and application of financial, operational and margin rules. Mr. Aman was formerly a counsel at Debevoise & Plimpton and a partner at Cleary Gottlieb Steen & Hamilton. Mr. Aman’s practice was focused on broker/dealer and margin regulation, financial institution insolvency and commercial law, securities finance transactions, and the structuring of financial products and transactions to address regulatory requirements and insolvency risk. He received a B.A. in math and philosophy from Rice University, a M.A. in philosophy from the University of Michigan and a J.D. from the University of Michigan Law School.
Don Thompson is generally recognized as a leading expert on derivatives documentation and regulatory issues. He has been active in the documentation projects of the International Swaps and Derivatives Association (ISDA) since its formation, and was heavily involved in industry advocacy efforts concerning Title VII of the Dodd-Frank financial reform law as well as its implementation at JPMorgan Chase & Co. Until his retirement in 2016, Don served as Managing Director and Associate General Counsel at JPMorgan. Since 1985, he has represented JPMorgan in its full range of derivatives activities, with a focus on regulatory, documentation and litigation matters. At various points in his 30 plus year career at JPMorgan, Mr. Thompson has:
Served as Co-Head of the Derivatives and Regulatory Reform Practice Groups in the Legal Department of JPMorgan's Investment Bank
Served as Co-Chair of the ISDA Documentation Committee and worked on many ISDA documentation standardization efforts, including the 1992 and 2002 versions of the ISDA Master Agreement and various iterations of the ISDA Credit Derivatives Definitions
Been a frequent speaker at industry conferences and events relating to derivatives issues, including those sponsored by ISDA, SIFMA and the Practicing Law Institute
Testified before U.S. Congressional Committees on Dodd-Frank and derivatives issues, including hearings before the House Agriculture Committee, the House Committee on Financial Services and the Senate Banking Committee
Served as Co-Chair of JPMorgan's North American Reputation Risk Committee, which reviews sensitive Investment Bank transactions
Been deposed as an expert witness in a number of litigations involving derivatives closeouts of major counterparties
Served on the Board of Directors and the Executive Committee of the Board of the National Futures Association (NFA) and on the Swap Dealer Advisory Committee to the NFA
Mr. Thompson graduated from The State University of New York at Stony Brook in 1978 with a BA (double major in Economics and Political Science) and in 1981 with a JD from Harvard Law School. He is admitted to practice law in the State of New York.
Douglas E. Harris is a Managing Director at Promontory Financial Group where he advises clients on regulatory matters involving risk management, compliance, investment products, derivatives, and capital markets. He also counsels financial services companies on general corporate governance, internal controls, and strategic advisory matters. He has considerable experience with the regulatory and compliance issues associated with trading, clearing, and capital markets activities, having served as senior deputy comptroller for capital markets at the Office of the Comptroller of the Currency, and as general counsel of a futures commission merchant and a designated-contract-market and derivatives clearing organization.
Immediately prior to joining Promontory, Doug was the general counsel and chief operating officer of BrokerTec Futures Exchange and BrokerTec Clearing Co. He has also served as senior deputy comptroller for capital markets at the Office of the Comptroller of the Currency, where he was responsible for the regulation and supervision of national bank capital markets activities, including trading, dealing, and investing in derivatives and emerging markets instruments, as well as the development of risk management policies and guidelines. Doug was the principal draftsperson of OCC Banking Circular 277, “Risk Management of Financial Derivatives,” the first bank regulatory guidance on managing the risks associated with derivatives, capital markets, and trading activities. He also served on the inter-agency task force on bank-related derivatives activities and as senior staff member of the president’s working group on financial markets. Prior to his time at the OCC, Doug served as assistant general counsel of JPMorgan and general counsel of JPMorgan Futures Inc.
Doug is also a public director of the National Futures Association, the self-regulatory organization of the U.S. derivatives industry, where he serves on the Executive Committee, the Audit Committee and the Compliance & Risk Committee.
Doug received his A.B. (with honors) from Harvard College and his J.D. from Harvard Law School.
Gary Barnett is the founder and CEO of Digital Capital Markets, LLC, an SEC registered broker-dealer and FINRA member, and Co-Founder of Fleming Park Global Partners, LLC, a business and regulatory consulting firm.
Mr. Barnett is a former Deputy Director in the Division of Trading and Markets at the U.S. Securities and Exchange Commission, where he was responsible for (i) broker-dealer oversight, including capital, margin and segregation rules, governance and risk management; (ii) derivatives policy; (iii) certain trading practices; and (iv) Volcker.
Prior to joining the SEC, Mr. Barnett was the Commodity Futures Trading Commission’s Director of the Division of Swap Dealer and Intermediary Oversight. There he established the swap dealer registration and compliance programs, led the responses to the FCM and RFED crises following MF Global, including the reorientation of the exam program and the creation and adoption of the FCM customer protection rules, and formed DSIO’s CPO/CTA team and led many of its key initiatives.
Before joining the CFTC in 2011, he was a partner and head of the U.S. Derivatives and Structured Finance Practice Group at Linklaters LLP. Prior to Linklaters, he was a partner and co-head of the Securitization and Derivatives Practice at Shearman & Sterling LLP.
Mr. Barnett was an adjunct professor of law and taught Derivatives Regulation at Cornell Law School from 2012 through 2015, chaired PLI’s annual conference on New Developments in Securitization from 1995 through 2010, is co-Chair of the PLI annual conferences on fundamental and advanced swaps and other derivatives, holds FINRA Series 7, 79, 24 and 63 licenses, and is a member of the New York, California and Oklahoma bars.
James R. Burns is a partner in the Asset Management Group at Willkie Farr & Gallagher LLP, focusing on counseling broker-dealers, exchanges, clearing agencies, hedge funds, private equity clients and other registered entities and their boards on regulatory, compliance and enforcement matters. Prior to joining Willkie, Mr. Burns served as Deputy Director of the SEC's Division of Trading and Markets.
Mr. Burns has significant experience in both the trading and markets and investment management areas. He provides insights into current issues in SEC rulemaking, examination and enforcement contexts, and provides strategic advice on the effects of SEC initiatives on the business operations and compliance programs of registrants overseen by the Division of Trading and Markets and the Division of Investment Management. He advises clients on crypto and fintech developments, cybersecurity and business continuity issues, and regulatory obligations for foreign entities – ranging from broker-dealer and investment adviser regulations to evolving expectations of the SEC, FINRA and other federal and state authorities.
Mr. Burns brings well-respected knowledge and understanding of the equity, fixed income, and derivatives markets, having played an integral role in the development of recent SEC positions and regulatory initiatives affecting those instruments, their markets, their intermediaries and sell-side and buy-side participants. This includes trading rules, registration requirements for domestic and international entities, clearance and settlement issues, developments in the fintech and crypto asset space, cybersecurity issues and the use of complex financial products. He played a central role in the development and execution of significant rules under the Dodd-Frank Act, including the Volcker Rule and the SEC's security-based swap regulatory regime.
Mr. Burns has wide-ranging SEC and private practice experience across broad areas of the asset management industry, covering investment managers and fiduciaries for hedge funds, private equity funds, registered investment companies, and other types of clients. He has extensive experience counseling advisers to registered and private funds, advising fund boards on various governance, risk, compliance and disclosure-related matters of concern to the asset management industry. He also has represented investment advisers, broker-dealers, hedge funds, private equity funds, and mutual funds in various examination and enforcement-related inquiries.
Josh Cohn provides derivatives dispute advisory and expert witness services.
Josh retired in 2016 as Partner and head of Mayer Brown’s US Derivatives & Structured Products practice and co-leader of the global Derivatives & Structured Products practice. He concentrated his practice on derivatives, having extensive experience as US counsel to the International Swaps and Derivatives Association (ISDA), and representing dealers and end-users in a wide range of transactions.
Josh’s positions in years prior included, Partner, Allen & Overy, Derivatives Counsel, Cravath, Swaine & Moore and Senior Vice President and General Counsel, DKB Financial Products, Inc.
Josh has been listed for derivatives law in The Best Lawyers in America, IFLR 1000 and The Legal 500. Josh has been ranked band 1 in Chambers USA since 2008, having been characterized in the years since as “a derivatives oracle,” “ luminary” and “doubtless one of the best derivatives lawyers in the world.”
Josh is on the P.R.I.M.E. Finance Panel of Recognized International Market Experts in Finance.
Kathryn M. Trkla is a partner at Foley & Lardner LLP. She works on a variety of matters for futures commission merchants and securities brokerage firms, institutional investors, professional trading firms, commercial hedgers, domestic and foreign exchanges, clearing houses, and other clients. Ms. Trkla has close to 35 years’ experience in the derivatives and securities industries, including 11 years with the Chicago Board of Trade (CBOT) where she was senior vice president and associate general counsel before joining Foley in 2000. She is a member of the firm’s Securities, Commodities & Exchange Regulation Practice within the Securities Enforcement & Litigation Practice, and the firm’s Blockchain Task Force and Business Law Department.
Ms. Trkla’s experience ranges from representing clients on matters before the Commodity Futures Trading Commission, Securities and Exchange Commission and self-regulatory organizations; analyzing regulatory proposals; counseling clients on the implications of legislative and rule changes; and providing general regulatory counsel. Her deep experience and background qualify her to provide a broad and unique perspective on the issues and regulations facing the financial markets and market participants.
Ms. Trkla is a Vice Chair of the ABA Derivatives & Futures Law Committee, Co-Chair of the ABA Part 190 Subcommittee (which developed and submitted to the CFTC comprehensive proposed amendments to the CFTC Part 190 Commodity Broker Bankruptcy Rules), and Chair of the ABA Innovative Digitized Products and Processes Subcommittee. She is a recent past member of the FIA Law & Compliance Division Executive Committee. She has written on diverse matters ranging from regulation of derivatives markets and derivatives clearing, to commodity broker bankruptcies. She is a frequent speaker on those topics on continuing legal education panels at PLI, ABA and FIA events.
Ms. Trkla received her J.D. from Northwestern University School of Law and her B.A. from the University of Chicago.
Kenneth Raisler is head of Sullivan & Cromwell’s Commodities, Futures and Derivatives Group. The Group is responsible for a full range of regulatory, transactional and litigation advice in the commodities, securities and banking areas to its brokerage, investment banking, banking and commercial clients.
Mr. Raisler was an assistant U.S. attorney for the District of Columbia from 1977 to 1982 in the Criminal and Civil Divisions. He then joined the Commodity Futures Trading Commission as deputy general counsel and was the general counsel of the Commission from 1983 to 1987. Mr. Raisler is the past chairman of the ABA Derivatives and Futures Law Committee from 2015-2017. Mr. Raisler was the chairman of the New York City Bar Committee on Futures Regulation from 1988 to 1991. He was a member of the Working Group of The Group of Thirty Derivatives Project. Since 1992, he has been a member of the board of directors of the Futures Industry Association. He also served as a member of the board of directors of the Managed Funds Association. Mr. Raisler is a member of the board of trustees of NYU School of Law and chair of the board’s Development Committee.
1976, New York University School of Law, J.D.
1973, Yale University, B.S.
Laura Schisgall is General Counsel at Societe Generale Americas in New York City. In this role, she is responsible for the legal and compliance teams. She has been with SG since 2008. Prior to being appointed as General Counsel, Laura managed the legal team that covered the derivatives, structured products and sales and trading businesses at SG. Laura is also in charge of the legal aspects of Dodd-Frank implementation at SG. Before joining SG, Laura was General Counsel of the New York legal department at ABN AMRO, where she spent seven years in a variety of roles. Prior to her time at ABN AMRO, Laura was in the Legal Department of Chase Bank, where she worked mainly on equity derivatives transactions. Laura commenced her legal practice at the law firm of Debevoise & Plimpton years, where she spent six years doing securities and M&A work. Laura is a graduate of Columbia University School of Law and a Phi Beta Kappa graduate of Vassar College.
Lauren Teigland-Hunt is Managing Partner at Teigland-Hunt LLP. Her practice focuses on both OTC and listed derivative transactions as well as physical commodity and securities trading. She has extensive experience representing hedge funds, asset managers, multinational corporations and financial institutions, exchanges and clearinghouses, swap data repositories and trade associations in a wide range of trading matters and products, including fixed income, credit, equity, foreign exchange and commodity instruments.
Having advised on the development of some of the first clearing platforms for swaps, she is one of the industry’s leading experts in swap clearing. She also actively advises and advocates for clients with respect to rules promulgated under the Dodd-Frank Act and other matters related to derivatives reform and U.S. commodities law and regulation. In recent years she has acted as counsel to several ISDA drafting committees and served as chair of the OTC Derivatives Subcommittee of the American Bar Association.
Prior to founding Teigland-Hunt LLP in 2002, Lauren was an attorney at Sullivan & Cromwell LLP in the firm’s Commodities, Futures and Derivatives Group (1996-2002) and worked as a futures trader and banker in New York and Paris (1986-1993). She graduated with honors from both Stanford Law School (J.D. 1996) and Georgetown University (A.B. 1986).
Locke McMurray's practice focuses on derivatives and other financial products and spans the full spectrum of transactional, regulatory, and dispute resolution matters. He is a founding member of Jones Day's IBOR/LIBOR (London Interbank Offered Rate) transition task force.
Locke regularly counsels clients, including foreign and domestic financial institutions and corporate clients, on ISDA and other documentation for swaps and other financial products, commercial law and regulation of derivatives under Dodd-Frank and the Commodity Exchange Act.
Locke additionally analyzes financial transactions from a litigation perspective, particularly in relation to derivatives termination and valuation questions, the Uniform Commercial Code, fraudulent conveyances, rights of set-off against deposit accounts and the rights and obligations of various deal participants in securitized product and structured credit transactions. He has vast experience in rendering legal opinions on a variety of bankruptcy, derivatives, and secured transaction matters and on the efficacy of these are other credit mitigation techniques for capital adequacy purposes.
Prior to Jones Day, Locke spent more than 15 years as in-house counsel at a variety of banks, where he held such roles as global head of legal fixed income and equity derivatives, regional head of legal for investment banking and sales and trading at a foreign bank and head of derivatives legal at the Lehman Brothers Chapter 11 estates.
Matthew Stevens, a principal in the Capital Market group within International Tax Services at Ernst & Young LLP, handles planning and controversy matters regarding the U.S. federal income tax consequences of transactions, specializing in the design, structuring and implementation of domestic and international financial transactions. He advises hedge funds, private equity funds, high net worth individuals (both U.S. and non-U.S.), insurance companies, and foreign and domestic multinational corporations.
Matthew serves as chair of the annual Practicing Law Institute program “Taxation of Financial Products and Transactions.” He has served as chair of the Financial Transactions Committee of the Tax Section of the District of Columbia Bar, and as the chair of the Financial Transactions Committee of the Tax Section of the American Bar Association. He has co-taught the Georgetown University Law Center class entitled “United States Taxation of International Income – II.” He has published a number of articles dealing with international aspects of U.S. income tax and with the taxation of financial products and transactions. Matthew is listed in Chambers USA: America’s Leading Lawyers for Business. From 2002 to 2004, Matthew served as special counsel to the Chief Counsel for the Internal Revenue Service. There, he advised the Chief Counsel regarding published guidance on a wide range of tax issues involving financial products and cross border transactions.
University of Kansas
Michael Bopp is a partner in the Washington, D.C. office of Gibson, Dunn & Crutcher. He is Co-Chair of the Public Policy Practice Group and chairs the firm’s Financial Markets Crisis Group. Mr. Bopp’s practice focuses on public policy and regulatory consulting, particularly in the financial institutions field, and congressional, internal corporate, and other government investigations.
Mr. Bopp engages in high-level, strategic policy and related regulatory work on a variety of issues. He has focused significantly over the past 5 years on the financial markets crisis and financial regulatory reform issues. He has helped numerous clients navigate through the crisis, working with Congress and the Administration on regulatory reform legislation and helping to shape new regulatory requirements promulgated as a result of the Dodd-Frank Act. Mr. Bopp also has counseled numerous companies in complying with Dodd-Frank Act requirements.
Mr. Bopp helped to create and run the Coalition for Derivatives End-Users, which has approximately 300 active company and trade association members. The Coalition works on both legislative and regulatory fronts to help protect interests of end-user companies in the debate over appropriate regulation of derivatives and has been an influential participant in these processes.
From 2006-2008, Mr. Bopp served as Associate Director of the Office of Management and Budget in the White House, and was responsible for overseeing budgets and coordinating regulatory, legislative, and other policy for approximately $150 billion worth of spending for various government agencies, including the Departments of Treasury, Homeland Security, Transportation, Justice, Housing and Urban Development, and Commerce, the General Services Administration, the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission.
From 2003 to 2006, he served as Staff Director and Chief Counsel of the Committee of Homeland Security and Governmental Affairs, one of the Senate’s largest committees and most expansive in terms of jurisdiction. He oversaw more than 100 hearings, led numerous investigations and was a primary drafter of key legislation, including the Intelligence Reform and Terrorism Prevention Act of 2004, the most significant reform of the intelligence community in more than 50 years, and 2006 legislation strengthening port security and overhauling the Federal Emergency Management Agency. He also directed a 50-person investigation of the failure of preparations and response to Hurricane Katrina. The investigation included 22 hearings, 325 witnesses, more than 800,000 pages of documents and an 800 page report.
Mr. Bopp served as Legislative Director and General Counsel to Senator Susan Collins of Maine from 1999 to 2003. He was Chief Counsel to the Subcommittee on Oversight and Investigations of the Committee on Education and the Workforce in the U.S. House of Representatives from 1998 to 1999, where he investigated alleged improper activities undertaken by Teamsters’ officials. Before that, he worked on the Congressional investigation of campaign finance abuses as senior investigative counsel to the House Committee on Government Reform and Oversight and as counsel for the Senate Committee on Governmental Affairs. He also previously served as counsel on the Senate Permanent Subcommittee on Investigations. Mr. Bopp served as outside general counsel to the campaign to re-elect Senator Susan Collins.
Mr. Bopp received his law degree cum laude in 1992 from Harvard Law School where he was Articles Editor on the Journal of Law and Public Policy. He graduated magna cum laude, with honors, in public policy from Brown University in 1987.
Rick Ostrander is a Managing Director in BlackRock’s Legal and Compliance Department. Rick is the global head of legal coverage for Trading and Investments. He has responsibility for legal coverage and documentation of OTC derivatives, cleared derivatives, futures, repo, prime brokerage and securities lending, as well as legal coverage of trading in equities, bonds, loans and structured products. Rick is actively involved in the Firm’s advocacy, assessment and implementation of regulatory changes affecting trading and derivatives. Rick joined BlackRock in the Fall of 2011.
Prior to joining BlackRock, Rick was the global legal coverage head for Morgan Stanley’s Institutional Fixed Income Division. Rick spent over 13 years at Morgan Stanley covering a variety of fixed income structured products, derivatives and cash trading desks. Prior to joining Morgan Stanley, Rick was an associate at Cleary Gottlieb in New York.
Rick received a B.A. from Hamilton College in 1988 and an MBA and JD from Stanford University in 1995.
William Thum is a principal in Vanguard’s Office of the General Counsel and global head of the Derivatives, Securities Financing, and SMA Group. He chairs the Investment Company Institute’s Derivatives Market Advisory Committee and is a former chair of the Steering Committee of SIFMA’s Asset Management Group. He speaks at ISDA, SIFMA, and ICI conferences, among others, and has written many articles on derivatives issues. Mr. Thum works with global regulators, trade associations, and service providers in developing the new global architecture and regulatory framework for derivatives.
Before joining Vanguard in 2010, he was a partner with Fried, Frank, Harris, Shriver & Jacobson LLP, where he concentrated on derivatives regulatory issues and trading agreements. From 1998 to 2007, he was head of institutional securities documentation at Morgan Stanley. Previously, he held similar positions at UBS and BNP Paribas in New York and at Kleinwort Benson in London and was involved in the drafting of the foundational derivatives master agreements and product definitions.
Mr. Thum earned a B.A. in international relations and economics from Bucknell University and a J.D. from American University Washington College of Law. He is admitted to the bar in New York and Pennsylvania.
As Deputy Director, Mr. Remmler supervises the CFTC branch responsible for addressing registration and compliance of intermediaries including in particular implementation of swap dealer regulations. Among other activities, his branch provides guidance to the Commission and market participants; drafts regulations, advisories and no action letters; and coordinates the CFTC’s Volcker Rule implementation. Mr. Remmler has also lead or participated in drafting numerous new regulations since the adoption of the Dodd-Frank Act.
Prior to joining the CFTC in 2010, Mr. Remmler practiced law in the capital markets for 18 years at major law firms with a focus on over-the-counter derivatives and structured finance. In that capacity, he structured and negotiated hundreds of swap agreements and developed new derivatives products.
Ms. Johannes is Principal of Johannes Advisory Services and has extensive experience in developing public policy strategy and managing legislative and regulatory issues for the financial services industry. Prior to forming Johannes Advisory Services, Ms. Johannes led ISDA’s industry-wide OTC margin rules initiative, developing and coordinating advocacy and implementation strategies within the industry. She joined ISDA in 2009 as Senior Director and Head of US Public Policy. Ms. Johannes served as Director of Federal Agencies Relations for Freddie Mac and as Legislative Manager for Financial Services for Ford Motor Credit Company. She started her career as a regulatory counsel with the American Bankers Association and was an enforcement attorney for the Board of Governors of the Federal Reserve System.
Ms. Johannes is a graduate of the Washington College of Law and of Hope College.
Mark H. Leeds is a tax partner with the law firm of Mayer Brown. Mark’s professional practice focuses on the tax consequences of a variety of capital markets products and strategies, including over-the-counter derivative transactions, swaps, tax-exempt derivatives, strategies for efficient utilization of tax attributes as well as advising on crossborder tax issues. Prior to joining Mayer Brown, Mark was a shareholder at another international law firm, and a Managing Director and Senior Tax Counsel with Deutsche Bank AG in New York. At Deutsche Bank, Mark led the Tax Counsel function within Group Tax of the Americas. Mark is also a recipient of the 2015 Burton Award forvDistinguished Legal Writing. Prior to joining Deutsche Bank, Mark served as the general counsel of a credit derivative company and, prior to that, Mark was a partner atvDeloitte & Touche where he led the Capital Markets Tax Practice. Mark began hisvprofessional career as a tax associate, first at Skadden Arps, and then at Weil Gotshal.
Mark is a graduate, magna cum laude, of the Boston University School of Law (1984),vand holds a Bachelor of Arts, cum laude, from Binghamton University, in Economicsv(1981). Mark also holds an LLM in taxation from New York University (1990).
Mark is a frequent writer and speaker on tax topics affecting the Capital Markets. Some of his recent articles include: Author, Stress Relief: IRS Notice 2016-76 Eases Implementation Rules for Cross-Border Dividend Equivalent Withholding (December 2016); Author, Bits & Pieces: IRS Notice 2016-42 Offers First Glimpse of Qualified Derivatives Dealer Rules (July 2016).
Michael Sackheim is senior counsel in the New York office of Sidley Austin LLP where he concentrates on derivatives regulatory, transactional and enforcement matters. Michael is a past Chair of the New York City Bar Derivatives Regulation Committee, and he is the managing editor of Futures & Derivatives Law Report (Thomson Reuters, publ.). Michael is also the co-editor of a new legal treatise, The Virtual Currency Regulation Review (November 2018, Law Business Research Ltd).
Christopher L. Ramsay is Deputy General Counsel and Head of Global Transaction Management at Citadel LLC, headquartered in Chicago, Illinois. Prior to joining Citadel, Mr. Ramsay was Senior Counsel and Head of Compliance at CDC Investment Management Corporation in New York, NY. Mr. Ramsay was previously an Associate General Counsel at Barclays Capital, the investment banking division of Barclays Bank PLC, in New York, NY.
Jamila Piracci joined NFA in 2011 from the Federal Reserve Bank of New York, where she was an attorney with a primary focus on orderly liquidation authority and resolution planning under the Dodd-Frank Act, as well as on market and other developments pertaining to OTC derivatives. Prior to joining the Reserve Bank, Jamila spent nearly a decade advising a range of OTC derivatives market participants, including dealer banks, investment managers and energy firms. The focus of her transactional and advisory work was in the interest rate, commodity and credit derivatives areas, and she acted as deal counsel for structured derivative programs, including cash and synthetic CDOs and CLOs. Jamila also was an Assistant General Counsel at ISDA, where she chaired working groups developing market documentation and best practices primarily in the credit derivatives area. Jamila received her bachelor's degree from Harvard-Radcliffe College at Harvard University. She received her MBA from the S.C. Johnson Graduate School of Management at Cornell University and her JD from Cornell Law School. Jamila has written a number of articles and has spoken frequently on issues pertaining to OTC derivatives.
Mr. Gottlieb is Counsel of DDR. He is also Vice President, Senior Counsel of DTCC. Mr. Gottlieb joined the Legal Department of DTCC in 2011. He brings over 30 years of experience in the financial services industry serving in various capacities with several leading firms with subject matter expertise in derivatives and capital markets. Among the positions he has held include: Managing Director and Chief Operating Officer of RBC Capital Markets Corporation, a full service broker-dealer and futures commission merchant; Executive Director of Cleary Gottlieb Steen & Hamilton; Deputy General Counsel of PaineWebber Incorporated; Partner and Chair of the Derivatives Products Practice Group of Seward & Kissel; Special Counsel-Commodities, Futures and Derivative Products of Skadden, Arps, Slate, Meagher & Flom; Commodity Counsel of Morgan Stanley & Co. Incorporated; and Vice President of Market Regulation of the Chicago Mercantile Exchange, where he was responsible for the Exchange's compliance and surveillance activities. Mr. Gottlieb was also a member of the Board of Trade of the City of Chicago where he traded financial futures for his personal account.
Mr. Gottlieb received his B.A. degree from Hobart College in 1976 and his J.D. and M.B.A. degrees from Washington University in St. Louis in 1980. Mr. Gottlieb is licensed in New York and Illinois, previously held his Series 7,9,10 and 24 security licenses and was formally a member of the NYSE, AMEX, CBOT and CME. Mr. Gottlieb has lectured extensively on derivatives and regulatory matters, has authored 17 publications and served as an Adjunct Professor in the Financial Engineering program at Polytechnic Institute of New York.
Pen Starke is the Assistant General Counsel for Receivership Section in the FDIC's Legal Division. He has worked on receivership operations issues at the FDIC during the past 20 years and specialized in the treatment of qualified financial contracts in FDIC receiverships since FIRREA. In 2010, he worked with congressional staff on the orderly liquidation authority leading up to the passage of the Dodd-Frank Act and is responsible for the ongoing implementing the FDIC's regulations on the OLA.
Kevin is currently Deputy Director of the Examinations Branch of the Division of Swap Dealer and Intermediary Oversight at the Commodity Futures Trading Commission. In this role, Kevin is responsible for examination oversight of all futures and swaps intermediaries and the self-regulatory organizations registered with the CFTC. In addition, Kevin is a member of the customer protection rule team and participates in a number of areas, helping to establish the rules and regulations that govern the financial institutions conducting business in these markets, overseeing the self-regulatory organizations that oversee the markets for these products and assisting in the implementation of certain aspects of the recently legislated Dodd-Frank Act on swap dealers and swap market participants.
Kevin joined Tradeweb in 2009 as its Chief Financial Officer. In his capacity as CFO, Kevin was responsible for Tradeweb’s financial strategy and day-to-day financial and accounting operations. Kevin oversaw the Company’s global finance, treasury, tax, management reporting and regulatory reporting functions. He reported to the CEO and served on the Company’s Executive Committee.
Kevin joined The Bank of New York Mellon Corporation in May 2001 as the Chief Auditor of the Company responsible for the global audit function. He was later promoted to Executive Vice President where he was responsible for managing the Corporate Consulting Group which assisted the businesses enhance revenue, assess strategy and reengineer process flows. The group consists of former senior level consultants and business people who understand the Company’s business and that of its’ competitors. Kevin was a member of the Company’s Operating Committee, Senior Risk Oversight Committee, Capital Allocation Committee, and sensitive Issues Oversight Committee.
Prior to the Bank, Kevin was the Managing Director and Chief Financial Officer of Cantor Fitzgerald, responsible for the Firm’s Global Accounting, Regulatory, Management Reporting and Treasury functions. Kevin was also the Senior Vice President and Chief Financial Officer of eSpeed, Inc. (a majority owned NASDAQ listed subsidiary of Cantor), where, along with the above responsibilities, he was also responsible for Investor Relations. Prior to joining both Cantor and eSpeed in the fall of 1999, Kevin was a Managing Director and Chief Financial Officer at Greenwich Capital Holdings, Inc., a subsidiary of National Westminster Bank. Kevin’s responsibilities included the global accounting, tax, and regulatory reporting areas of the Firm. Prior to joining Greenwich in April 1992, Kevin was an audit partner at Coopers & Lybrand and Co-Head of the Firm’s Derivative Products Practice. He received a BS degree in Accounting from Fairfield University in 1979. Kevin has written numerous books and periodicals on the financial service industry covering topics including risk, accounting issues, and AICPA Accounting and Audit Guides. Kevin is a NASD Series 24 FinOp, was a member of the AICPA Accounting Standards Executive Committee Financial Instruments Task Force, AICPA Stock Brokerage Committee, and the SIA Risk Assessment Committee. He is also on the Fairfield University Dolan School of Business Executive Committee and the Boy Scouts of America Northern NJ Council Executive Committee.
Noah has experience representing leading financial institutions, hedge funds, investment managers, insurers and other large corporates in connection with a wide variety of plain vanilla and exotic derivatives (e.g. IR, FX, commodity, equity, credit, fund-linked, etc.); repos and securities lending arrangements; prime brokerage arrangements and related documentation; CLNs and structured products; securitization (e.g. whole business and receivables), repackaging and related matters.
Noah has provided advice in respect of a variety of asset types, including, commodities (base metals, bullion, grain, oil, natural gas, carbon credits, etc.); fund-linked products; power and energy bonds; airplanes; municipal bonds; credit cards; trade receivables; CDOs (all varieties), CLOs, RMBS and CMBS, and repackaging of same; as well as various other structured finance and derivatives matters.
Noah has acted as deal counsel and review counsel on numerous cash, hybrid and synthetic CDOs (bespoke single tranche, multi-tranche and complex hypothetical capital structures) CDO2s and CLOs.
Noah has advised a wide array of sophisticated multinational clients in respect of risk mitigation, prime broker/counterparty insolvency risk, and various other matters relating to central counterparty clearing, netting and protected contracts and related security arrangements under the U.S. insolvency regime. Recently, Noah advised a consortium of leading OTC derivatives dealers in connection with the structuring of an intermediated client clearing platform for interest rate swaps through one of the world's largest clearinghouses.