Allen & Overy has hired financial services regulation specialist, Knox McIlwain, as a partner in London. The New York qualified lawyer joins from Cleary Gottlieb Steen & Hamilton where he worked closely with regulation expert and partner Bob Penn, who returned to A&O last summer.
While located in the London regulatory team, Knox will also form an integral part of the U.S. regulatory team in order to support the firm’s growth in that region. His focus will be on financial institution resilience and insolvency, including recovery and resolution planning, as well as providing support to A&O’s renowned global derivatives practice. Among other things, Knox has advised global banks and industry associations in the US, EU and elsewhere on the treatment of swaps and other financial contracts during resolution, including advising the International Swaps and Derivatives Association on all aspects of the ISDA Resolution Stay Protocols. He has also advised on TLAC and MREL requirements in the US and Europe, including banks on issuances and structuring and buyside participants on implications for investors.
Head of the London financial services regulatory practice, Damian Carolan comments: “A huge challenge our clients face is managing the regulatory change agenda across the U.S., EU and Asia Pacific. There has been a deluge of reform covering all aspects of financial services, which remains at varying stages of implementation or revision. Knox’s arrival will bolster our transatlantic regulatory capability and improve our coverage of financial institutions’ global regulatory needs.”
Senior partner, Wim Dejonghe adds: “Our clients require a team which has both breadth and a high level of specialisation across the various areas of regulation. Knox is an undoubted leader in his field: his arrival demonstrates our commitment to growing our top-tier global regulatory practice and building on our U.S. capabilities. We are pleased to welcome Knox at a time of great momentum and growth.”
Source: www.allenovery.com
