Princeton Junction, New Jersey, United States
Corporate and securities lawyer with extensive experience in the structured finance area. Represented issuers, underwriters and other market participants in public and private transactions, including many securitization transactions involving a variety of asset classes. Also, rating agency analyst focusing on consumer and credit card ABS transactions.
Successfully led legal coverage for Citi credit card securitization activities. Created, worked on and oversaw new programs and transactions and advised on compliance and reporting matters relating to the programs (at peak, programs collectively had ~$100B of securities outstanding). --Instrumental in development/implementation of innovative new products and structures, including de-linked issuance trust structure, now used by other major credit card ABS issuers --Created efficiencies in documentation, issuance and closing processes to enable Citi to execute quickly to meet funding needs and investor demand for securities --Operated essentially as an in-house law firm, resulting in significant cost savings Responsible for securitization piece of credit card business’s M&A activities and restructurings, and assisted the business in a wide range of activities Devoted significant attention to legal/regulatory developments impacting securitizations, including FDIC securitization rule, Rule 17g-5, Regulation AB, Dodd-Frank and CARD Act. Provided guidance on application of laws/regulations, and partnered with key internal participants to ensure compliance. Worked on securitization transactions involving U.S. consumer assets of Citi-affiliated entities (e.g., mortgage loans; auto loans; personal loans) Advised on matters related to a Citi-affiliated entity’s student loan securitization program Assisted Citi foreign branches in securitization transactions (e.g., Indian auto loans; Indonesian credit cards; Australian mortgage loans) Handled derivative agreements (e.g., swaps, caps) in transactions Represented Citi corporate trust department as trustee/paying agent in corporate debt and securitization transactions Worked on corporate debt issuances, tender offers, optional redemptions, listing securities on overseas exchanges, guarantees of subsidiaries’ obligations, proxy statements, corporate governance, SEC reporting and mortgage whole loan transactions
Represented a major financial guaranty insurer as well as issuers in securitization transactions involving commercial mortgage loans (e.g., shopping centers and hotels), timeshare loans, Australian commercial and residential mortgage loans, and auto loans Participated in workouts of securitization transactions
Represented issuers and underwriters in numerous mortgage-backed securities transactions (e.g., collateralized mortgage obligations; mortgage pass-through certificates; mortgage-backed bonds; Fannie Mae REMIC Trusts; sales of multifamily mortgage loans by thrifts to Fannie Mae) Represented an underwriter in an initial public offering of a real estate investment trust
Worked on general corporate and tax matters