Philip Annett to join from Allen & Overy and Caitlin McErlane from Sidley Austin
Leading global law firm Baker McKenzie has hired Philip Annett and Caitlin McErlane as Partners in its London Financial Services team as the Firm expands its contentious and non-contentious regulatory and investigation practices. Philip joined the Firm last week from Allen & Overy where he was of Counsel while Caitlin joins today from Sidley Austin where she was a Senior Associate.
Commenting, Global Chair of the Firm's Financial Institutions Group, Jonathan Peddie said: "The demand for strong regulatory advice, cost-efficient investigation and skilled regulatory and criminal enforcement risk management has never been stronger. There is no let-up in governments' drive to create regulation, criminalise corporate conduct and draw institutions within authorities' reach. Regulators, governments investors and consumers look for consistent application of sound governance and corporate conduct. Philip's experience, which includes stints at the SFO and FCA, and Caitlin's experience advising fund managers will be of huge value to clients in our sector."
Nick Tostivin, London Head of Banking & Finance, added: "I am delighted to welcome Caitlin and Philip. Caitlin has developed a stellar reputation advising funds and market infrastructures on complex regulatory matters, and her arrival will add significantly to our non-contentious practice. Philip's wealth of experience advising on high profile investigations and regulatory enforcement will further enhance our contentious regulatory offering and will complement our non-contentious practice."
Philip has extensive experience in the contentious regulatory arena advising banks, funds, other regulated firms and individuals on regulatory and criminal enforcement, investigation and financial crime including bribery and corruption and money laundering. He was recently on secondment to the Bribery and Corruption Division at the UK's Serious Fraud Office. Prior to joining Allen & Overy, he spent 5 years working as a Senior Lawyer for the Financial Conduct Authority in London.
Caitlin's practice focuses on advising a range of financial institutions on complex and high value regulatory matters and she has particular expertise advising alternative fund managers, especially hedge funds, on the regulations affecting their trading strategies. She also has expertise in the areas of banking and wholesale financial markets regulation, in particular in the FX and fixed income space, alongside experience advising market infrastructure providers, including major international exchanges, trading platforms, clearing systems and payment services providers, on a variety of compliance issues.
Philip and Caitlin's appointment follows a series of strategic hires in Baker McKenzie's London Banking & Finance practice as the Firm continues to expand its transactional practices in key money centres.
Since January 2018, the Firm has appointed leading Structured Capital Markets Partners Matthew Dening and Michael Doran from Sidley Austin and White & Case respectively, and Matthew Cox, Haden Henderson, Nick O'Grady and Bevis Metcalfe who joined from Ropes & Gray.