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Fifteenth Annual Institute on Securities Regulation in Europe: Practical Implications of U.S. Law on EU Practice

Speaker(s): Andrew J. Bagley, Andrew Weissmann, Bob Hoyt, Bradley J. Gans, Cecil D. Quillen III, Charles Martin, Chris Walton, Daniel Bushner, David B. Fein, Edward A. Bibko, Edward F. Greene, Frances Murphy, Hans Hack, Hans-Michael Giesen, Heleen Kersten, Jake Keaveny, James C. Scoville, James P. Burnett, James V. Schnurr, Joanna Perkins, John Tribolati, John W. Banes, John W. White, Joost Schutte, Keith F. Higgins, Lorenzo Corte, Mandy DeFilippo, Mark Danzey, Mark Bicknell, Mark S. Bergman, Mark Steward, Mary B. Tokar, Michael J. Gallagher, Natalia Nicolaidis, Nicholas J. Shaw, Peter Hahn, Peter Castellon, Philip Yates, Richard C. Morrissey, Richard H. Walker, Robert Evans III, Robert H. Mundheim, Sajid F. Hussein, Sarah Murphy, Satnam Tumani, Simon Clarke, Simon Dodds, Stephanie Pagni, Thomas Vita, Yasmine Bassili
Recorded on: Jan. 21, 2016
PLI Program #: 149184

David Fein was appointed Group General Counsel in September 2013 and is a key advisor to the Board and the Court of the Bank on all material legal matters. 

Before joining the Bank, David was United States Attorney for the District of Connecticut, appointed by President Obama and confirmed by the United States Senate. He was appointed Vice Chair of the Attorney General’s  Advisory Committee’s White-Collar Crime Sub-committee in 2012 and he served as a member of the AGAC Terrorism/National Security, Civil Rights and Violent and Organised Crime Sub-committees and the Child Exploitation Working Group.

As United States Attorney, David created the Connecticut Securities, Commodities and Investor Fraud Task Force, which investigates matters related to insider trading, market manipulation, Ponzi schemes, investor fraud, financial statement fraud, FCPA and embezzlement. David conceived of and launched Project Longevity, a comprehensive initiative to reduce gun and gang violence in Connecticut's major cities. He convened public conferences on Civil Rights, Human Trafficking, Investor Fraud, Prescription Drug Abuse and Violent Crime and a public ceremony honouring Connecticut’s First Responders on the tenth anniversary of 9/11. He spoke frequently on financial fraud, including before the SEC, the President’s Financial Fraud Enforcement Task Force and US Attorney Conferences.

Prior to his appointment as United States Attorney, David was a partner at the law firm of Wiggin and Dana, where he co-chaired the firm’s White-Collar Defense, Investigations and Corporate Compliance Practice Group and served on the firm’s Executive Committee. He represented public and private financial institutions, leading public accounting firms, Fortune 100 companies and not-for-profit institutions, including a major university. In 2008, Mr Fein was lead trial counsel in the successful defense of federal criminal charges in United States v John Kramer. He served as special counsel for the Justice Department’s Antitrust Division in the Microsoft antitrust litigation.

From 1999 to 2010, David was appointed Visiting Lecturer in Law at Yale Law School, where he co-created and co-taught a class on federal criminal investigations and prosecution. At Yale Law School, he also developed public conferences on Corporate Criminal Liability and Sentencing.

David served as an Associate White House Counsel from 1995 to 1996. His portfolio at the White House included anti-crime initiatives, communications issues, the proposed victims’ rights constitutional amendment and the Administration’s regulation to combat underage use of tobacco.

From 1989 to 1995, David was an Assistant United States Attorney for the Southern District of New York, prosecuting complex cases involving official corruption, racketeering, money laundering, bank fraud, securities fraud, violent crimes, illegal wiretapping and narcotics offences. He served as Deputy Chief of the Criminal Division from 1993 to 1994 and Counsel to the United States Attorney from 1994 to 1995.

From 1986 to 1989, David was an associate at Debevoise and Plimpton. He served as a law clerk for the Honourable Frank M Coffin of the United States Courts of Appeals for the First Circuit from 1985 to 1986.

David graduated Cum Laude from Dartmouth College in 1982 and the New York University (NYU) School of Law in 1985 as Order of the Coif and was a member of the Senior Board of the N.Y.U. Law Review.

In July 2014 David was appointed as the Chair of Seeing is Believing, a global initiative tackling avoidable blindness run in collaboration with the International Agency for Prevention of Blindness (IAPB). Since its inception in 2003, the programme has reached 53 million people in 26 different countries and has raised USD75 million.

Married with two children, David serves on the boards of Guiding Eyes for the Blind and Derek Jeter’s Turn 2 Foundation.

Mandy is a Managing Director and Chief Operating Officer for GCM EMEA, and Chief Risk Officer for GCM International business, covering EMEA, Asia-Pacific and Japan.  Mandy joined Morgan Stanley in 2007, working in Equity Capital Markets in London.  Since 2011, she has run the Capital Markets Structuring Team for both debt and equity products in the EMEA region; in her current role, which she assumed in 2013, the team continues to report to her.  Mandy is a member of the Board of Directors of the International Capital Markets Association, and participates on behalf of the Firm in other industry organizations in the European market.  She is also a member of the Executive Board of Rays of Sunshine Children’s Charity in the UK.  Mandy holds a Bachelor of Arts degree from Columbia University and a Juris Doctor degree from Harvard Law School.  Before joining Morgan Stanley, she was a US corporate and securities lawyer at Allen & Overy LLP in London.

James Scoville is a corporate partner whose practice focuses on securities matters and capital markets transactions. He advises both issuers and underwriters in U.S.-registered and global offerings, with particular experience working on listings on the London Stock Exchange and U.S. exchanges by Russian, Chinese and other emerging market companies, as well as representing insurance companies and underwriters in insurance company securities offerings.

Mr. Scoville is ranked by Chambers Global(2015) as a leading individual for equity capital markets in the UK and as a regional expert for debt and equity capital markets in Russia/CIS. IFLR1000 (2016) names Mr. Scoville as a Leading Lawyer for Capital Markets: Debt and M&A. InChambers Global(2013) and Chambers Europe (2013), Mr. Scovilleis recognised as “a renowned securities and capital markets lawyer” and in Chambers Global (2014) he is noted as being “well known for his work on capital market transactions with Russian clients.” Mr. Scoville is recognised as a leading individual for Capital Markets: Russia byChambers Europe (2013-2015). Hiswork on China Life has earned him the plaudit of “Dealmaker of the Year” from TheAmerican Lawyer.Mr. Scoville is recommended for Projects, Energy, Natural Resources: Mining and Minerals as well as for Emerging Markets in TheLegal 500 UK (2014 and 2015).TheLegal 500 UK (2012) notes his work on listings on the London Stock Exchange and U.S. exchanges for Russian, Chinese and other emerging market companies.

He is the author of a number of articles on capital markets and mergers & acquisitions issues. Recent publications include “Development of International Regulatory Capital Standards Continues,” Insurance Day (September, 2015); “Up To 49 Percent Foreign Ownership Of Indian Insurers Is Now Law,” FC&S Legal (May, 2015), “The EU Solvency II Regime For Insurers: An Update On Implementation,” FC&S Legal (May, 2015), “IAIS Issues Consultation On Global Insurance Capital Standard,” Canadian Insurance Regulation Reporter (February, 2015); “Takeaways From The 21st Annual IAIS Conference,” Law360 (November, 2014); “A Window Of Opportunity,” International Financial Law Review (October, 2014); “Russian Eurobond Issuers’ Buyback Opportunity,” International Financial Law Review (September, 2014); “What’s Driving ADRs’ Renaissance,” International Financial Law Review (September, 2014); “Deal of the Month: Norilsk Nickel’s $1bn seven-year Eurobond offering,” The Lawyer (November, 2013); and “Capital Resources,” Mining Journal (September, 2013). Recent speaking engagements include “Raising Capital on Public Equity Markets: Current Trends,” Debevoise & Plimpton LLP (February, 2013); “NYSE Euronext: Opportunities for Russian Issuers in the US and Europe,” Debevoise & Plimpton LLP (February, 2013); “Listings on London Stock Exchange,” Bank of America Conference(December, 2012); “GDR or Premium Share Listing,” The London Stock Exchange (July, 2012); “Developments in Capital Markets,” PLI's Eleventh Annual Institute on Securities Regulation in Europe (March, 2012); and “Current Developments in Russian and International Capital Markets,” Debevoise & Plimpton LLP (February, 2012).

Mr. Scoville served as Managing Partner for Debevoise’s London office from 2005 to 2013. He received his A.B. cum laude from Dartmouth in 1983 and his J.D. from the University of Chicago Law School in 1987 where he was elected to the Order of the Coif.

Edward F. Greene is senior counsel based in the New York office. Mr. Greene’s practice focuses on securities, corporate governance, regulatory and financial services reform and other corporate law matters.

Mr. Greene served as General Counsel of the Securities and Exchange Commission from 1981 to 1982 and Director of the Division of Corporation Finance from 1979 to 1981. From 2004 to 2008, Mr. Greene served as General Counsel of Citigroup’s Institutional Clients Group.

Mr. Greene is the author of a number of leading books and law review articles, including U.S. Regulation of the International Securities and Derivatives Markets and The Sarbanes-Oxley Act: Analysis and Practice, both of which were co-authored with several partners at Cleary Gottlieb and are widely used as essential sources of practical advice. Mr. Greene has been recognized as one of the best capital markets lawyers by Chambers Global.

Mr. Greene originally joined the firm in 1982 and returned in 2009. During his more than 20 year tenure at Cleary Gottlieb, Mr. Greene was also resident in the firm’s Washington, Tokyo and London offices, and was the first licensed foreign lawyer to be admitted to practice law in Japan in 1987.

Mr. Greene received an LL.B. degree from Harvard Law School in 1966 and an undergraduate degree from Amherst College in 1963. Mr. Greene is currently a Senior Research Scholar & Lecturer-in-Law at Columbia Law School and has been a Lecturer at the Harvard Law School, and an Adjunct Professor of Law at the University of Pennsylvania and Georgetown University Law Center. He was appointed to the Nomura Chair of International Securities Regulation (a part-time position) by the law faculty of the University of Tokyo for the 1989-1990 academic year, was Chairman of the Legal Advisory Board of the New York Stock Exchange from 1995 until 2001, and was a member of the SEC’s Advisory Committee on Capital Formation and Regulatory Processes. Mr. Greene is on the Board of Advisors of the Capital Markets Law Journal, published by Oxford University Press, and a Trustee and member of the Executive Committee of the Practicing Law Institute (PLI).

Mr. Greene is a member of the Bar in New York.

Andrew Bagley is EMEA General Counsel of Goldman Sachs and head of the EMEA Legal Department. He serves as counsel to the European Management Committee and the Board of Directors of Goldman Sachs International, co-chair of the firm’s Structured Products Committee and is a member of the regional Conduct Risk, and Inclusion and Diversity committees.

Prior to joining the firm, Andrew qualified as a solicitor at Herbert Smith in London.
Andrew earned a BA in Literae Humaniores from Magdalen College, Oxford, in 1992.

Edward Bibko is the General Counsel, EMEA and Asia, for Jefferies. Previously he was a law firm partner specializing in cross-border listings onto the London Stock Exchange. Edward is US- and UK-qualified and has advised on capital markets transactions for more than 25 years. In addition to acting as co-chair of the US Lawyers in London Forum, he is on the Court of the Worshipful Company of Solicitors and is currently shortlisted for the Association of Corporate Counsel’s General Counsel of the Year award. Edward lives with his wife and an elderly cat, and enjoys mixing cocktails.

Hans-Michael Giesen is a partner in GIESEN HEIDBRINK, a Berlin law firm which was formed by two experienced partners performing a senior advisers’ role. Their joint firm focuses on corporate and transactional work, complex contracts as well as litigation and arbitration, often with an international dimension.

Michael specializes in corporate and transactional work. A significant part of his practice is devoted to acting as a notary public in corporate transactions.

Michael is a member of the legislative assembly of the German bar (Satzungsversammlung der Bundesrechtsanwaltskammer) where he also chairs the committee on professional rules and advertising. Nominated by the German Federal Bar, he is a member of the Council of the International Bar Association and of the Policy Committee of the IBA’s Bar Issues Commission. He is also an active member of a number of other international legal organizations, including the American Bar Association.

After having completed his legal education in Germany Michael graduated from the University of Michigan Law School with a Master of Laws degree. Since 1985 he has practiced twice in New York, in Frankfurt/Main and in Berlin, first as a partner with the German Bruckhaus firm, then with Freshfields Bruckhaus Deringer and a German national firm. In March 2012, together with Alfried Heidbrink, who has a similar background but focuses on dispute resolution, he founded his current firm.

Jim Schnurr was recently named Chief Accountant of the Securities and Exchange Commission. Prior to taking on the role of Chief Accountant of the SEC, Jim Schnurr was one of Deloitte LLP’s most senior client service partners, serving some of the firm’s largest and most complex clients.  As vice chairman  and senior national professional practice director from 2009 to his retirement in 2014, he was a specialist in mergers and acquisitions and financial and SEC reporting. A partner since 1985, Jim has been one of the most respected accounting professionals inside and outside Deloitte for the last twenty years.

Jim served as the advisory partner on Fannie Mae, Rockwood Holdings, TE Connectivity and  Schering Plough. Jim also provided financial reporting advice and consultation to the firm’s largest financial services clients including, Blackstone Group, KKR, BlackRock, Morgan Stanley, Apollo Group Management and Lazard.

Earlier in his career, Jim’s deep expertise in accounting and SEC reporting matters lead to his appointment to lead Deloitte’s accounting consultation group and ultimately assume leadership of Deloitte’s national office.  In this role, Jim was responsible for the system of quality control and risk management of the firm’s audit and advisory businesses and had primary responsibility for interacting with the SEC and PCAOB as it relates to their oversight and regulation of Deloitte’s audit practice.

Jim has broad industry experience from his eight years working in the firms Mergers & Acquisitions group and as a lead client service partner for 5 years. Jim has provided due diligence and structuring advice on more than 100 transactions serving both strategic and financial buyers and sellers.  Clients served include Penn Central Corporation, Cendant and many of the largest private equity firms.

Jim has extensive experience with companies that have been spun off from the parent company including the spinoffs from Tyco and Cendant.

Jim’s calm and forthright communication style and valuable insights on accounting and SEC reporting and risk management issues has earned him the respect of his colleagues in Deloitte, as well as, with standard setters, regulators and clients. His ability to quickly analyze complex transactions and explain them to others in lay man’s terms has allowed him to effectively communicate with and reconcile differing views among the board, management, auditors and regulators. He is frequently requested to assist clients in addressing their most complex and challenging financial reporting issues.

Jim is a certified public accountant licensed in Connecticut and a member of the American Institute of Certified Public Accountants ( AICPA ) and the Connecticut Society of Certified Public Accountants. He has served on various working and advisory groups of the Financial Accounting Standards Board, the Public Company Accounting Oversight Board and the AICPA.

Jim received his BA from The College of the Holy Cross and an MBA from Rutgers University.

John Tribolati is Managing Director and EMEA General Counsel for JP Morgan.

John worked in the Legal Department at JPM from 1993-2001 in New York, Singapore and Tokyo, and at Goldman Sachs in Tokyo and London until 2015, most recently as EMEA co-General Counsel.  He was also an associate at Cleary Gottlieb Steen & Hamilton in New York

He holds a B.S. from Cornell University and a J.D. from Cornell Law School, and is a member of the New York State Bar.  He lives in London with his wife and daughter.

Keith Higgins is a member of Ropes & Gray’s corporate department and chair of the securities & governance practice.

Keith rejoined the firm in 2017, after having served as Director of Corporation Finance at the U. S. Securities & Exchange Commission since 2013. While in that role, Keith led the Division’s implementation of significant rulemaking under the Dodd-Frank Wall Street Reform and Consumer Protection Act, Jumpstart Our Business Startups Act (JOBS Act), and Fixing America’s Surface Transportation Act (FAST Act). He also led the Division’s Disclosure Effectiveness project and oversaw the issuance of significant interpretive guidance to companies and investors under the federal securities laws.

Prior to serving at the SEC, Keith had practiced at Ropes & Gray for more than 30 years, counseling public companies in securities offerings, mergers and acquisitions, compliance and corporate governance. Keith advises companies, their boards, and investors on matters with the SEC, including disclosure and financial statements, no-action letters, as well as SEC enforcement actions and related internal investigations.

While in private practice, Keith was recognized by Chambers, Best Lawyers, and other publications as a leading corporate and M&A lawyer in Massachusetts and nationwide.

Lorenzo Corte has acted on a number of complex and/or contested takeover assignments and trans-Atlantic transactions, including:

  • Intel Corporation’s US$15.3 billion acquisition of Mobileye N.V.;
  • Konecranes’ proposed all-stock merger with Terex Corporation (NYSE) and its subsequent acquisition of a division of Terex;
  • VimpelCom’s (now VEON) US$30 billion exchange offer for OJSC VimpelCom and simultaneous business combination with CJSC Kiyvstar G.S.M.; and
  • Arcelor in the US$22.8 billion unsolicited bid by Mittal Steel Company NV and their subsequent US$33.8 billion merger.

Mr. Corte represents strategic investors in connection with cross-border acquisitions, sales of privately owned companies and assets, and joint ventures in Europe, the Middle East, Africa, the United States and the CIS region. He has completed transactions for, among others, Anheuser-Busch, Cinépolis, Danaher Corporation, Engen/Petronas, ExxonMobil Corporation, Kellogg Company, Moody’s Corporation, Mylan, NTT DoCoMo, Nomura, ST Microelectronics N.V., Valeant Pharmaceuticals International and Validus Holdings.

He regularly acts for financial sponsors on their investments and divestments in Europe, including Investindustrial, Silver Lake Partners, DH Private Equity, Ares Life Sciences (Mr. Bertarelli), Teseo Capital (Mr. Ferrero) and LetterOne, for which he has completed a number of transactions in the technology, energy and retail sectors.

Mr. Corte also heads Skadden’s Italian desk. His experience in M&A transactions representing Italian parties includes acting for Assicurazioni Generali S.p.A., Brembo S.p.A., Fabbrica Italiana Lapis ed Affini S.p.A., Gentium S.p.A., Luxottica Group S.p.A. and the Ministry of Treasury of the Republic of Italy.

Mr. Corte lectures and participates in seminars related to his practice and is an adjunct professor in M&A at Ohio State University School of Law. He is recommended as a leading individual in Chambers Global, Chambers Europe and Chambers UK, which cites sources describing Mr. Corte as “instrumental in devising some incredibly innovative structuring” and stating “I would bet the bank on him.”

Mark Bicknell is a Managing Director and Associate General Counsel at Bank of America Merrill Lynch in London, providing legal and general counsel to the banking, corporate finance, corporate broking and capital markets teams, primarily in relation to equity, equity-linked and certain debt transactions within Europe, the Middle East and Africa, and managing the EMEA ECM counsel team.

Before moving  to Merrill Lynch in 2004, Mark was a managing associate at the law firm Linklaters, in their London and Singapore offices, qualifying as a Solicitor of the Supreme Court of England and Wales in 1995.

Mark obtained an MA in Modern and Medieval Languages from Pembroke College, Cambridge; and then honours in the Law Society’s Common Professional Law Exams and Finals at the College of Law, York.

Mary Tokar was appointed to the International Accounting Standards Board (Board) in January 2013 and was reappointed for a second term in July 2017. Prior to joining the Board, Ms Tokar served as the global leader for KPMG’s International Financial Reporting Group, responsible for KPMG’s dialogue with global accounting regulators and standard-setters. 

At KPMG, Ms Tokar worked with engagement teams and clients in developed and emerging economies on their transition to and application of IFRS Standards. She served as a member of the IFRS Interpretations Committee from 2001 to 2007 and was a KPMG global leader for employee benefit and share-based payment accounting.

Previously, Ms Tokar worked at the US Securities and Exchange Commission (SEC) as the international senior associate chief accountant. Ms Tokar was the lead SEC representative for international accounting issues; she also chaired an international committee of securities regulators working on disclosure and accounting issues for the International Organization of Securities Commissions (IOSCO).

Ms Tokar holds an MBA from New York University’s Stern School of Business, US.

Mr. Mundheim is Of Counsel to Shearman & Sterling and Professor of Corporate Law & Finance at the James E. Rogers College of Law at the University of Arizona. He was formerly the Executive Vice President and General Counsel of Salomon, Inc. (1992-1997). Mr. Mundheim was the University Professor of Law and Finance at the University of Pennsylvania (1980-1992) and the Dean of the University of Pennsylvania Law School (1982-1989). In addition, Mr. Mundheim has served as General Counsel of the U.S. Treasury Department (1977-1980) and as Special Counsel of the Securities & Exchange Commission (1962-1963).

Mr. Mundheim was a member of the American Bar Association’s Standing Committee on Ethics and Professional Responsibility (2006-2012) and served as its Chair (2008-2011). He was a member of the Council of the American Law Institute (1985-2012) and served as a Consultant and Advisor to the Council on the Institute’s Principles of Corporate Governance (1980-1992). He also served as an Advisor to the American Law Institute’s Restatement of the Law – the Law Governing Lawyers, as a member of the American Bar Association President’s Task Force on Corporate Responsibility, and as a member of the Association of the Bar of the City of New York’s Presidential Task Force on Lawyers’ Role in Corporate Governance.

Peter D Hahn is FME Senior Fellow and Senior Lecturer at Cass Business School in London. He joined Cass to study for a PhD in 2004 after a +20year career in banking, lastly as a Managing Director at Citigroup in London where he was also Senior Corporate Finance Officer for the United Kingdom.  Following his PhD, Dr Hahn was awarded a Fellowship by the Foundation for Management Education and the UK Government’s Economic & Social Research Council and joined Cass’ Faculty of Finance on a full-time basis in 2009 when he also became Senior Advisor to Bank Regulation at the Bank of England (originally the UK Financial Services Authority) to 2014.  Pete’s regulatory advisory work focused on bank business models, capital & liquidity, recovery & resolution, and governance & remuneration.  Pete’s banking experience included in capital markets, advisory, and corporate and consumer banking opportunities.

Pete teaches Corporate Finance and Banking Subjects to over 500 undergraduate and graduate students annually; he has been asked to appear before the Treasury Select Committee of Parliament during the past two governments and was questioned by the Parliamentary Commission on Banking Standards.  He is frequently interviewed by the BBC, the Financial Times, and international news organisations on banking matters and is a member of the asset allocation committee of well-known UK investment manager.  Before moving to London, Pete was a commercial and investment banker in New York and began his career at a consumer branch of a French bank in Paris.

Dr Hahn is also a graduate of New York University (MBA), Drew University (BA), holds a (UK) Post Graduate Teaching Certification and a Fellowship of the (UK) Higher Education Academy….and long ago completed the Financial Industry Regulatory Authority (NASD) Series 7 securities qualification.

Richard C. Morrissey is the Managing Partner of Sullivan & Cromwell’s London office. He has extensive experience representing corporates on cross-border mergers and acquisitions across a wide range of industries, and was formerly the head of S&C’s M&A group in Europe. He has also worked with numerous private equity firms on the buy side of transactions; on the sell side he has worked with corporate clients selling businesses to, or negotiating investments by, various private equity firms. He is also a former co-head of the Firm’s Private Equity practice.

Mr Morrissey has also participated in many international equity and debt offerings for non-U.S. private issuers. He is the regular senior U.S. securities counsel to Diageo and Eni. He is frequently consulted on capital markets matters by various investment banks.

Mr Morrissey is consistently recognised as a leading practitioner by market commentators and is a frequent speaker at conferences on M&A and securities issues. He was previously co-chair of the Practising Law Institute’s Annual Conference on Securities Regulation in Europe for five years. He was educated at Harvard University, the University of Cambridge and the University of Michigan Law School.

Richard H. Walker is a member of King & Spalding, specializing in crisis management, cross-border government investigations and complex financial litigation, litigation assessment, corporate governance and compliance issues.

Mr. Walker retired from Deutsche Bank in 2016 after over 14 years, during which time he served in the roles of Vice Chairman, General Counsel and a member of the Group Executive Committee at different times.

Prior to joining Deutsche Bank, Mr. Walker served as the Director of the Division of Enforcement of the United States Securities and Exchange Commission from April 1998 to September 2001. For over two years prior to his appointment to that position, Mr. Walker served as the Commission’s General Counsel. He is the only person in the agency’s history to have served in both of these senior roles. Prior to his appointment as General Counsel, Mr. Walker was the Regional Director of the Commission’s Northeast Regional Office from 1991 through 1995.

Mr. Walker was awarded the Presidential Rank Distinguished Service Award in 1997 -- the highest federal award for government service. He also received the Commission’s Distinguished Service Award in 2000 and the Chairman’s Award for Excellence under both Chairman Levitt in 2000 and Chairman Breeden in 1992. In 1997, he was awarded the Commission’s Law and Policy Award in recognition of his participation in the government’s victory in U.S. v. O’Hagan, in which the United States Supreme Court upheld the misappropriation theory of insider trading.

Prior to joining the Commission, Mr. Walker spent 15 years in the New York office of Cadwalader, Wickersham & Taft, where he was a litigation partner specializing in corporate, securities, and commercial litigation. From 1975 to 1976, Mr. Walker served as law clerk to the Honorable Collins J. Seitz, former Chief Judge of the United States Court of Appeals for the Third Circuit. Mr. Walker is a 1972 Phi Beta Kappa graduate of Trinity College. In 1975, he was awarded his J.D. degree, cum laude, by Temple Law School, where he served as Editor-in-Chief of the Temple Law Quarterly.

Mr. Walker is a Trustee Emeritus of The American Folk Art Museum, former Co-Chair of The American Friends of Bucerius and a member of the Board of Directors of Pro Bono Partnership. He previously was a member of the Board of Directors of MBIA, Inc. (2006-2008) and served on the NYSE Legal Advisory Committee (2001-2005). He is also a member of Temple University Beasley School of Law Board of Visitors and served as a member of Trinity College Board of Fellows.

Mr. Walker is a frequent lecturer on banking, securities and corporate governance topics and has been an adjunct professor at the University of Pennsylvania Law School where he co-taught a course in crisis management in the 2017 and 2018 Fall semesters.

Sajid Hussein is head of Bank of America Merrill Lynch’s Legal department in Europe, Middle East and Africa. He is based in London and heads a group of lawyers that provides legal support to Global Banking and Markets in the region. Hussein’s team covers the breadth of businesses including capital markets trading and origination, M&A, investment grade and leveraged finance, equities, rates, currencies and commodities. The team also deals with regulatory, employment, litigation and insolvency issues in the region. In addition, Hussein is responsible for the Europe Card Services (MBNA) Legal team based in Chester.

Hussein joined Bank of America in 2005 as Associate General Counsel. He was previously a director in Deutsche Bank’s London-based Legal department. Prior to that he worked as a banking lawyer at international law firm Allen & Overy in both London and Paris.

He graduated in 1992 with a bachelor’s degree in Law from the London School of Economics and Political Science. He also holds a master’s degree in Commercial Law and European Law from the University of Cambridge and is admitted as a Solicitor of the Senior Courts of England and Wales.

Hussein is a member of the human rights group Liberty and sits on the advisory board of SEO London, a charity that mentors minority students.

Thomas Vita is a partner and the head of the US securities team in Norton Rose Fulbright LLP’s London office. He focuses on SEC-registered and Rule 144A international securities transactions, including IPOs and other equity offerings, investment grade and high yield debt issues, privatizations, liability management exercises, tender offers, exchange offers and rights offerings. He also advises on corporate governance and compliance matters.  Tom has represented investment banks, issuers and selling shareholders on offerings involving issuers in the United States, Europe, Asia, Australia, Latin America, the Middle East and Africa.  Tom frequently speaks and publishes in relation to developments in the US securities laws.

Tom holds degrees from Yale University (BA, 1984) and University of Chicago (JD, 1988).  Following law school, he clerked for the Hon. Albert J. Engel, Chief Judge of the US Court of Appeals for the Sixth Circuit.  Prior to joining Norton Rose Fulbright, Tom was at Davis Polk (New York, Washington and London).  Tom is admitted to practice in New York and the District of Columbia.

•       Hans Hack is a Managing Director at FTI Consulting Brussels. Mr. Hack heads the Financial Services practice in Brussels and is part of the office management team.

•       With more than 13 years of expertise in financial services regulation and policy, Mr. Hack has wide-ranging expertise which covers all sub-sectors of financial services: banking, capital markets, asset management, retail financial services, financial infrastructure, insurance and audit.

•       Understanding and influencing EU decision-making requires deep knowledge of all the processes, stakeholders and national sensitivities. Mr. Hack deploys his expertise and extensive network to expertly guide clients through these challenges and the ever-changing legislative environment.

•       The Brussels Financial services team supports a wide range of clients, including MasterCard, Prudential, Deutsche Börse, Bank of New York Mellon, City of London and the Managed Funds Association. In addition to working with the European Union institutions and stakeholders, Mr. Hack and his team increasingly support clients in dealings with the European Supervisory Authorities (ESMA, EBA and EIOPA).

•       Before Joining FTI Consulting Mr. Hack was the Dutch financial attaché to the EU and before that a coordinating policy officer at the Dutch Ministry of Finance.

[Certification List]

[List in Alpha Order]

Master at Law, University Utrecht
Master in Economics,   University Utrecht

Charles joined the firm in 1983, became a partner in 1990 and Senior Partner in 2008. Charles works principally in M&A and private equity, acting for sponsors and corporates. Much of his work is cross-border in nature.

He is rated in the top tiers of the most highly recommended M&A and private equity lawyers in the UK by the leading directories including Chambers.

Clients look to him particularly for strategic counsel and tactical input on a wide variety of legal matters including M&A negotiations and litigation.

Recent highlights include advising:

  • Verizon Communications Inc. on its acquisition of Vodafone’s interest in Verizon Wireless for $130bn;
  • Brit Insurance N.V. on a recommended $1.3bn cash offer by Apollo and CVC; and
  • the independent directors of TNK-bp in relation to a proposed transaction with Rosneft.

He was named Law Firm Leader of the Year at Legal Week’s British Legal Awards 2013 and Partner of the Year 2014 by Financial News.

Frances specialises in acting for corporate clients and investment banks, on corporate finance and M&A transactions, both in England and overseas. She also advises corporate clients generally on day-to-day corporate governance and corporate matters.

Current transactions including acting for General Electric on the €12.5 billion takeover of the power generation business of the French engineering company Alstom

Frances is listed:

  • as a leading individual in the M&A section of the Legal 500, 2015, in the Corporate/M&A: High-end Capability in Chambers UK, 2015and Chambers Europe, 2015and in Corporate/M&A in Chambers Global, 2015
  • in the Square Mileinaugural "100 Most Powerful People in the City"
  • in Who’s Who LegalMergers and Acquisitions 2014 as one of the top ten most highly regarded individuals globally
  • in the top quartile of Chambers 100 UK(100 best business lawyers) for 2013
  • in the top 4 most innovative individual lawyers in the FT’sinaugural FT Innovative Lawyers Awards in 2006

Frances is a Vice-Chair of the International M&A and Joint Venture Committee of the ABA Section of International Law, a founder member of the Law School Advisory Board of the University of Sheffield and a trustee of Great Ormond Street Hospital Children's Charity. She was Chair of Network for Knowledge, a women lawyers and compliance professionals forum, from 2011 to 2013.

Joost specialises in capital markets, primarily equity, and in financial markets regulation. He advises domestic and international corporates on ECM transactions, ranging from IPOs and follow-on offerings to secondary listings and share buybacks. Where necessary, e.g. , for disclosure documents the specialist knowledge of other tier 1 De Brauw departments such as IP will be involved. 

He also assists listed corporates in their compliance with transparency requirements, market abuse and stock exchange rules and regularly advises on employee incentive plans, together with De Brauw’s Tax, Employment and Data Protection groups. In FMR he advises on licence requirements and ongoing requirements of regulated entities, including banks and insurance companies, as well as remuneration policies.

Chambers comments: "pragmatic, knowledgeable and not hesitant to take a stand."

Joost's recent work includes advising:

  • GrandVision on their IPO on Euronext Amsterdam
  • Affimed on their IPO on NASDAQ
  • Klépierre on the recommended exchange offer for Corio
  • D.E Master Blenders 1753 on their spin-off and listing on NYSE Euronext Amsterdam
  • Aviva as selling shareholder in the EUR 1 billion IPO of Delta Lloyd on Euronext Amsterdam

Mark is Executive Director of Enforcement and Market Oversight at the Financial Conduct Authority.  He has been involved in corporate, financial services and securities regulation since 1987 in Australia, Hong Kong and in the UK, specialising in investigatory work and resulting litigation.

Mark joined the FCA from the Hong Kong Securities and Futures Commission, where he was a member of the board for 9 years and Executive Director of Enforcement. Before joining the SFC, Mark was Deputy Executive Director, Enforcement with the Australian Securities and Investments Commission.

Mark S. Bergman is a London-based partner of Paul, Weiss, Rifkind, Wharton & Garrison LLP.

Mark has extensive experience in corporate finance transactions in which U.S. and non-U.S. issuers access the equity (ECM) and debt (DCM) capital markets. He has handled issuer and underwriter representations since the early 1980s, was instrumental in establishing the Securities and Capital Markets Group at Paul, Weiss in the early 1990s and began focusing on cross-border capital markets transactions in the mid-1990s. He headed the Global Securities and Capital Markets Group until August 2020. 

Mark has handled the full range of ECM mandates, including initial public offerings, rights issues/open offers and other forms of follow-on offerings, exchange offers, privatizations, spin-offs/demergers, accelerated book-builds and the establishment of ADR programs, and the full range of DCM mandates, including EMTN programs, Yankee bond offerings and high yield debt offerings.  Mark has extensive experience representing financial institutions in connection with offerings of perpetual and dated hybrid securities for regulatory capital purposes.  He has significant experience with SEC-registered offerings, and he has handled Rule 144A offerings since the exemption was promulgated in April 1990, having been among the first to convert a public template to a Rule 144A template within weeks of the effectiveness of the exemption. 

Mark advises  on cross-border tender offers, exchange offers and going private transactions involving listed companies in the United States as well as other companies with significant levels of U.S. shareholders.  Mark also advises listed companies and significant shareholders on reporting and other obligations under the securities laws, the establishment of corporate compliance programs, and compliance with corporate governance standards under the securities laws and stock exchange rules.  He has advised companies in connection with SEC and other U.S. regulatory investigations, and stock exchange proceedings.  He also consults frequently on regulatory matters relating to broker-dealer registration, and investment company and investment adviser issues.

Mark is a frequent contributor to professional journals and other publications, and one of the principal authors of the firm’s alerts on securities law topics.  Mark regularly serves as a panelist at conferences and in-house seminars on a range of capital markets, financial reporting, corporate governance, corporate compliance and other securities law topics.  He is one of the firm's two principal points of contact on Brexit and EU/UK regulatory matters, and one of the founding members of the firm’s ESG practice group.

Peter represents issuers, underwriters and selling shareholders in connection with offerings of securities, including IPOs, follow-on and secondary offerings, block trades, rights offerings and offerings of convertible and exchangeable bonds.

Peter is active in bar association activities and has served as an officer of several committees, including the IBA Capital Markets Forum, the International Securities Matters Subcommittee of the ABA Committee on the Federal Regulation of Securities and the ABA International Securities & Capital Markets Committee.

Peter has written several articles on securities law topics, including the following:

  • US Private Placements: When Rule 144A is unavailable, PLC, July, 2015.
  • SAS 72 letters: Seeking comfort, PLC, May, 2013.
  • Another way in, IFLR, March, 2012.

Before joining Proskauer, Peter was Deputy General Counsel for Citi and advised the Equity Capital Markets Division and Investment Banking Division. While at Citi, Peter worked on most of Citi’s ECM transactions in Europe, the Middle East and Africa.


  • Chairman, American Bar Association Federal Regulation of Securities: International Securities Matters Subcommittee
  • Co-Chairman, American Bar Association International Securities & Capital Markets Committee
  • Chairman, International Bar Association Capital Markets Forum

Other Distinctions

  • Chambers UK: Capital Markets Equity "Recognized Practitioner" 2016-2019
  • The Legal 500 United Kingdom: Corporate & Commercial – Equity Capital Markets 2014-2017


Georgetown University Law Center, J.D.

Yasmine is a Managing Director, and head of the Transaction Executions and Risk Management team in EMEA, within the Investment Banking Division of Goldman Sachs.  Prior to joining Goldman Sachs in 2007, Yasmine spent 10 years as a banking and Finance lawyer in New Zealand and London.

Nick Shaw is a Partner in the Firm's Corporate Department. He represents private equity sponsors and banks in capital markets and acquisition finance transactions. His private equity financing experience includes numerous representations for sponsors such as KKR, Apax and Blackstone and their portfolio companies.

He received his B.A.(Jur.) from the University of Adelaide in 1991, his LL.B.(Hons.) from the University of Adelaide Law School in 1994, an LL.M.(Comm.) from the University of Adelaide Law School in 1997 and an LL.M. from Columbia University School of Law in 1997. He was a James Kent Scholar at Columbia in 1997.

Brad Gans was the Chief Legal Officer for Europe, Middle East and Africa until November 2017, covering all businesses within the region.  He is currently the Citibank, N.A. London Branch Manager.  Previously Brad was Senior Deputy General Counsel for Citi’s Markets and Banking in EMEA.  Prior to moving to London in 2000, Brad was the General Counsel for SSB’s New York investment banking and capital markets divisions.  Brad has been with Citigroup since April 1993.

Prior to joining Citigroup, Brad was an Associate in the General Practice Group at Sullivan & Cromwell in New York from September 1985 to April 1993.

Brad received his B.A. from William Jewel College, summa cum laude in 1981.  He received his Masters at Cambridge University in 1982 and his J.D. from Washington University in May 1985.  He was admitted to the Roll of Solicitors for England and Wales in 2011.

John W. White is a partner in Cravath, Swaine & Moore LLP's Corporate Department and serves as Chair of its Corporate Governance and Board Advisory practice. From 2006 through 2008, he served as Director of the Division of Corporation Finance at the U.S. Securities and Exchange Commission, which oversees disclosure and reporting by public companies in the United States. During his over 25 years as a partner at Cravath, John has focused his practice on representing public companies on a wide variety of matters including, more recently, public reporting and disclosure obligations, corporate governance matters and restatements, revisions and other financial crises.

John is a member of the Financial Accounting Standards Advisory Council (FASAC), which advises the Financial Accounting Standards Board (FASB). From 2010 to 2018, he served as a member of the Standing Advisory Group (SAG), which advises the Public Company Accounting Oversight Board (PCAOB). John is a member of the Board of Directors of Financial Executives International (FEI) and a member of the Board of Trustees and Chair of the Audit Committee of the Practising Law Institute (PLI). He served three years on the New York Stock Exchange’s Legal Advisory Committee, four years as Chairman of the Securities Regulation Institute, five years as Co-chair of PLI’s Annual Institute on Securities Regulation and six years on the Board of Trustees and Audit Committee of the SEC Historical Society. John was twice selected by the National Association of Corporate Directors (NACD) as one of the 100 “most influential people in the boardroom and corporate governance community.”


Cecil Quillen is a London-based U.S. partner of Linklaters LLP, and is the leader of the Firm’s global U.S. securities practice.  He works on a broad spectrum of securities and finance matters, with a special emphasis on cross-border offerings of debt and equity securities, particularly emerging-markets, investment-grade and high-yield/covenant-intensive debt securities, and is also actively involved in U.S.-related aspects of the Firm’s structured finance practice.  Cecil regularly speaks at a variety of professional conferences, is an officer of the Securities Law Committee of the International Bar Association and chairs its Regulatory Affairs Subcommittee, sits on the Advisory Committee for Securities Regulation in Europe of the Practising Law Institute and served from 2005 until 2016 as a member of the board of directors of the High Yield Division of the Association for Financial Markets in Europe (formerly the European High Yield Association).

Cecil is also a member of the board of directors of Bank of Georgia Group PLC, the London-premium-listed/FTSE-250-constituent holding company for the largest commercial bank in Georgia. He is a trustee of the University of Virginia Law School Foundation and UK Friends of Harvard University.

Cecil became a partner of Linklaters in 1996 and was resident in the Firm’s New York office before transferring to the London office in 2000.  He was educated at Harvard (A.B., 1985) and the University of Virginia (J.D., 1988), clerked for Hon. John D. Butzner, Senior Circuit Judge, U.S. Court of Appeals, Fourth Circuit, and practiced for a number of years at a large New York-based law firm, before joining Linklaters.  He is admitted to practice in New York and the District of Columbia.

Jake Keaveny is a high yield and leveraged finance partner in our London office. He has extensive experience representing leading investment banks, private equity firms and corporations, with a focus on transactions involving high yield debt securities, syndicated leveraged loans, equity offerings and out-of-court debt restructurings, including debt exchange and debt tender offers. Jake works on both the high yield bond and loan sides of leveraged acquisition financings.

Recent matters that Jake has been involved with include a high yield bond offering to finance the acquisition of Center Parcs by Brookfield Property Partners; a high yield bond offering by the Sarens Group; a high yield bond offering and Term Loan B to finance the acquisition of Questcor Pharmaceuticals by Mallinckrodt Pharmaceuticals; a Term Loan B related to Goldman Sachs PIA’s and Vestar Capital Partners’ acquisition of Hearthside Food Solutions; high yield bond offerings by Garda World Security Corp., including committed financing for the acquisition of Garda by Apax Partners; HY bond offerings for Envision Healthcare Services, including related to its acquisition by Clayton, Dubilier & Rice, and the company’s IPO; a Term Loan B to finance the acquisition of EUSA Pharma and Gentium SpA by Jazz Pharmaceuticals Inc.; first lien and second lien loans to finance the acquisitions of Coinmach Service Corp. and Mac-Cray Corp. by Pamplona Capital Management; first lien and second lien loans to finance the acquisition of certain Arch Coal assets by Bowie Resources and Trafigura AG; first lien and second lien loans related to the acquisitions of NEP Broadcasting and Global Television by Crestview Partners; and a Term Loan B related to the acquisition of TCW Group by the Carlyle Group.

James Burnett is a partner in the London office of Latham & Watkins and is a member of the firm’s Corporate Department. His practice includes representing investment banking firms, private equity firms and companies in public and private debt offerings, bridge loans, acquisition financing and liability management transactions, with a particular emphasis on issuances of high yield debt securities and leveraged transactions.

Joanna Perkins serves part-time as Chief Executive of the Financial Markets Law Committee (“FMLC”) and is also self-employed as a barrister in independent legal practice at South Square.

Before joining the FMLC in 2004, Joanna worked for the Law Commission and managed a project on unfair contract terms.  She has held lectureships at Durham University, Paris II (Panthéon-Assas), Université de Paris and Birkbeck College, University of London.  She is also an occasional guest lecturer at the London School of Economics and Political Science and has published articles on, inter alia, financial law and the conflict of laws.  After completing a Doctorate in Law at Oxford University, where she worked as a college lecturer, Joanna was called to the Bar in July 2001.  She recently served as a Non-Executive Director of ICE Benchmark Administration Ltd and Chair Person for the Oversight Committee of ICE LIBOR.

Mark Danzey (London) is a Member of KKR and joined KKR Capital Markets in 2009. Prior to joining KKR he worked for J.P. Morgan’s European leveraged finance and capital markets team. Mr. Danzey has led a broad spectrum of debt and equity financings for KKR portfolio companies and third party clients. He holds a first class degree in Business Administration from the University of Bath.

Natalia Nicolaidis is a Managing Director of Credit Suisse in the Legal function, based in London. She is the General Counsel for Investment Banking and Capital Markets. Previously, she was the Global Head of Risks and Controls for the Investment Banking and Capital Markets Department and prior to that she co-headed the Investment Banking Legal Department in EMEA.

Before joining Credit Suisse First Boston in 1996, Ms. Nicolaidis worked as a lawyer in private practice in New York, where she is admitted as an attorney, concentrating in corporate finance. Ms. Nicolaidis holds a B.A. degree in Economics from Yale University, a Juris Doctor and Masters in the School of Foreign Service from Georgetown University and a degree (Diplôme) in Legal studies from Ecole d'Europe, Bruges, Belgium.

Rob Evans joined the SEC last July and is the Chief of the Office of International Corporate Finance. Before joining the SEC,

Mr. Evans worked at Shearman & Sterling LLP as a partner in the firm’s capital markets practice. Mr. Evans has extensive advising capacity having spent his professional career as a corporate and securities lawyer. “For over 20 years, Rob has been a leading voice on a wide range of issues relating to how investors and companies interact in the public and private markets, and we are excited to have him join the team here at the SEC,” said SEC Chairman Jay Clayton.

In addition, Mr. Evans has been a frequent speaker and writer on securities law, compliance and legal ethics. Mr. Evans was a member of the TriBar Opinion Committee, the Working Group on Legal Opinions, the American Law Institute, and Co-Chair of Shearman & Sterling’s Opinion Committee.

Mr. Evans attended Harvard University for his undergraduate degree and earned his law degree from Boston University School of Law.

Sarah Murphy is the head of Freshfields Bruckhaus Deringer’s US capital markets practice in Europe and Asia and co-head of its international capital markets group. She is a London-based US partner of the firm and has more than 30 years’ experience of advising a wide range of clients from around the world. She acts for companies looking to access the US and international capital markets, and also for investment banks. Clients come from various sectors including energy and natural resources, financial institutions, infrastructure, pharmaceuticals, real estate, retail and telecoms and from various jurisdictions including, Germany, Luxembourg, Russia, South Africa, Spain, Sweden, Finland, the UK and Ukraine. Her track record includes the full range of equity, debt and hybrid offerings, including IPOs, rights issues and other secondary offerings, GDR offerings, accelerated book builds, all types of bond issuance and liability management transactions.

Sarah is recognised as a leading lawyer for equity and debt capital markets by Chambers and Legal 500 and is a regular speaker at external conferences and is on the Advisory Committee for the Practicing Law Institute’s Annual Securities Institute on EU and US Securities Law in London.

Sarah joined Freshfields in 1998. Previously she was at Cravath, Swaine and Moore (New York and London) and clerked for Judge John F. Keenan on the US Federal Court for the Southern District of New York. She was educated at Williams College (BA 1977) and Fordham (JD 1983).

Satnam Tumani is a partner in the London office of Kirkland & Ellis International LLP. His practice focuses on a range of white collar, corporate crime and contentious regulatory matters. He has represented numerous clients with regard to internal and external investigations both in the UK and US. Satnam is a member of the Law Society’s Money Laundering Taskforce and the City of London Law Society’s Corporate Crime & Corruption committee. He sits on the corporate crime editorial boards for both Lexis Nexis & Thomson Reuters and has been a contributor to Fraud - Criminal Law & Procedure published by Oxford University Press. Prior to joining Kirkland, Satnam had more than 17 years of experience at the UK Serious Fraud Office (SFO), where he served as the head of the Bribery & Corruption & International Assistance divisions. In that capacity he supervised approximately half of the SFO’s operational caseload including foreign bribery and breach of sanctions cases.

Simon Clarke is a partner of Herbert Smith Freehills, based in its London office, specialising in banking litigation. 

Simon advises clients on complex civil claims and regulatory issues including contractual disputes, derivatives, structured products, banking confidentiality, investment management and advice, product mis-selling, investigations, and internal systems and controls. 

Simon has worked on a number of high-profile cases resulting from large-scale corporate collapses such as Barings Bank, Enron and Parmalat. Simon was one of the Herbert Smith Freehills partners leading a large team representing the Royal Bank of Scotland in defending actions brought by shareholder and investor groups in connection with RBS’s 2008 rights issue – one of the highest profile pieces of litigation recently before the English courts.

Simon Dodds is Co-General Counsel at Deutsche Bank AG. Mr. Dodds joined Deutsche Bank in 1999 when Deutsche Bank took over Bankers Trust Company. At that time, he was appointed General Counsel UK, based in London, and from 2001, became General Counsel UK and Western Europe. From 2010 to 2013, Mr. Dodds was Global Head of Compliance at Deutsche Bank; in January 2013, he became Co-Deputy General Counsel; and assumed the role of Co-General Counsel in January 2016. From 1991, Mr. Dodds had been Managing Director in the Legal Department of Bankers Trust Company in London. Before joining Bankers Trust, Mr. Dodds was an Associate at Cleary Gottlieb Steen & Hamilton in New York and London. Mr. Dodds attended Northwestern University School of Law, JD, 1984 and was an undergraduate at Cambridge University.

Andrew Weissmann was selected in January 2015 as the Chief of the Criminal Division’s Fraud Section of the U.S. Department of Justice. Prior to his selection, Weissmann taught criminal and national security law at New York University School of Law. Weissmann previously served as the General Counsel for the Federal Bureau of Investigation from 2011 to 2013 and before that, as special counsel to FBI Director Mueller in 2005. He was a partner at Jenner & Block in New York City from 2006-2011 where he was co-head of the White Collar Criminal Law group and on the firm’s Management Committee. From 2002 to 2005, Weissmann served as the Deputy and then the Director of the Enron Task Force in Washington, DC, where he supervised the prosecution of more than 30 individuals in connection with the company’s collapse. Weissmann was a federal prosecutor for 15 years in the Eastern District of New York, where he served as the Chief of the Criminal Division. He prosecuted numerous members of the Colombo, Gambino, and Genovese families, including the bosses of the Colombo and Genovese families. In addition, Weissmann won the largest Financial Industry Regulatory Authority arbitration award in history. He holds a Juris Doctor degree from Columbia Law School and was on the managing board of the Columbia Law Review. He has a Bachelor of Arts degree from Princeton University and attended the University of Geneva on a Fulbright Fellowship.

As Vice Chairman, Stakeholders & Client Service, Mike is responsible for overseeing PwC’s Government, Regulatory Affairs & Public Policy Office. In this role, Mike engages with a broad range of regulators, government agencies, legislative bodies, and non-government organizations important to PwC and its clients.

Mike has more than 30 years of professional experience with PwC.

Prior to his appointment as a Vice Chairman, he was the firm's Managing Partner, Assurance Quality where he led PwC's U.S. Assurance National Office (National Office). National Office functions include: Accounting Services; SEC Services; Risk Management; Strategic Thought Leadership; and Auditing Services Methods and Tools. In this role he was also responsible for PwC's Assurance Learning & Development, Regulatory Relations, and Inspections groups.

Prior to his appointment as a Managing Partner, Mike held other National Office leadership positions including: U.S. National Office Leader; U.S. Chief Accountant; U.S. Risk Management Leader; and National Office Accounting Consulting Partner. Prior to joining the National Office, he served as a Global Engagement Partner on a number of multinational SEC registrants focused primarily in the chemical/industrial products sector. 

Mike served on PwC's U.S. Board of Partners and Principals, including the Finance, Governance, and Clients and Strategy committees.

From 2010-2016 Mike served as member of the Public Company Accounting Oversight Board's (PCAOB) Standing Advisory Group (SAG). He also served on The Center for Audit Quality's (CAQ) Professional Practice Executive Committee (PPEC) which he chaired from 2011-2016. Mike is a frequent speaker at profession related events and is a member of the AICPA and PICPA.

Bob joined Barclays as Group General Counsel designate in October 2013 and became Group General Counsel in November 2013, responsible for all legal issues across Barclays. 

Previously, Bob was at PNC Financial Services Group, where he was General Counsel and Chief Regulatory Affairs Officer, having previously served as Deputy General Counsel since 2009. 

Between 2006 and 2009, Bob served as General Counsel of the US Department of the Treasury, where he was the Chief Legal Officer of the department and a senior policy advisor to Secretary Henry M. Paulson, Jr. Among other responsibilities, he directed the US administration’s legal strategy for managing significant events in the financial markets, including the failures of Bear Stearns, Lehman Brothers, AIG, and the US auto industry; the conservatorship of Fannie Mae and Freddie Mac; and the creation and implementation of the Troubled Asset Relief Program. Prior to that Bob served at the White House where he was Special Assistant and Associate Counsel to President George W. Bush. In that position, Bob was responsible for a variety of legal issues, including investigations and litigation, as well as legal and policy matters involving several executive branch departments and components of the Executive Office of the President. 

Earlier in his career, Bob was a partner in the Securities, Litigation and Corporate departments of the law firm of Wilmer Cutler Pickering Hale and Dorr (WilmerHale). At WilmerHale, Bob advised public and private companies and their executives on a variety of contested, investigative, transactional and regulatory matters. Bob also served multiple terms on WilmerHale’s Management Committee and Executive Committee, and was a Vice Chair of the firm’s Securities Department. Before joining WilmerHale, Bob clerked for Justice Herbert P. Wilkins of the Massachusetts Supreme Judicial Court. 

Bob graduated from Cornell University with honours in 1986, and received his master’s degree and Juris Doctor degree, cum laude, from the University of Pennsylvania in 1989.

Mr. Banes, a partner based in Davis Polk’s London office since 1994, represents clients in all types of corporate finance transactions involving financial institutions and other European companies. He is also a member of the firm’s white collar and criminal defense practice and the internal investigation practice, and advises non-U.S. and U.S. companies on investigations and compliance matters and related corporate governance, financial reporting and disclosure issues.

Recent Representations
Capital Markets

  • SEC-registered and Rule 144A/Regulation S offerings (including equity, convertible debt, preferred securities, investment-grade and other debt) by European financial institutions, including ABN AMRO, Deutsche Bank, Lloyds Banking Group, UBS, Julius Bär and DnBNor
  • IPOs by European issuers, including ABN AMRO, Telecolumbus, Scout24 and Schaeffler AG.
Corporate Governance, International investigations and Compliance
  • U.S. and non-U.S. companies on the U.S. Foreign Corrupt Practices Act (FCPA) and related anti-corruption matters, including internal investigations and transactional and governance advice
  • Siemens AG on the resolution of the SEC and Department of Justice investigation into violations of the FCPA
  • The audit committee of Royal Dutch Shell in connection with their investigation of Shell’s recategorization of oil and gas reserves
  • Edwards Group on its sale to Atlas Copco
  • A major European transportation company on various global operational joint ventures
  • Financial advisers to Mittal Steel on its unsolicited offer for Arcelor
Of Note

Mellon Fellow in History, Columbia University, 1986-1987
Teacher (English), Tunghai University, Taichung, Taiwan, 1984-1986

A.B., Princeton University, 1984, summa cum laude
J.D., Yale Law School, 1991, Coker Fellow

Stephanie was appointed as General Counsel Barclays UK 3 March 2017. In this role Stephanie is accountable for leading Barclays UK Legal function to support Barclays ring fenced bank in its strategic objectives. Prior to this she was Barclays Global Head of Litigation, Investigations & Enforcement. Stephanie is a member of Barclays Legal Executive Committee which she joined in May 2014.

Stephanie joined Barclays in November 2005 from law firm Allen & Overy having also worked previously at Credit Suisse and Sumitomo Bank Capital Markets. During her time at Barclays she has held a variety of roles across different business areas including Corporate & Investment Banking and Global Retail & Commercial Banking. Stephanie holds an LLB and a Master’s degree in International Business Law.

In addition to her work responsibilities, she supports various diversity initiatives and is an active supporter of the BLD Legal Launchpad which works to provide access to the Legal profession primarily targeted at ethnic minority Law students and non-Law students at university in the UK.