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Shearman & Sterling LLP

599 LEXINGTON AVENUE, NEW YORK, NY 10022-6069, USA
Tel:
Work +1 212 848 4000
Fax:
Fax +1 212 848 7179
Web:
www.shearman.com

Russell Sacks

Tel:
Work +1 212 848 7585
Email:
Shearman & Sterling LLP

Work Department

Financial Institutions Advisory & Financial Regulatory

Position

Partner 

Career

Russell provides advice to market participants on a worldwide basis with respect to regulatory, transactional, trading and markets issues, with particular emphasis on U.S. regulation of securities broker-dealers, alternative trading systems, clearing agencies, and exchanges.

Languages

English

Member

Member, American Bar Association: (a) Committee on Federal Regulation of Securities, Subcommittee on NASD Corporate Finance Rules; and (b) Committee on State Regulation of Securities

Member, Securities Industry Association, Legal and Compliance Division

Education

University of Toronto, Faculty of Law, LL.B., with Honors 
Columbia College, B.A., 1994, magna cum laude


United States: Finance

Financial services regulation

Within: Financial services regulation

Led out of New York on the banking regulation front by the ‘excellent’ Reena Sahni and for broker-dealer matters by Russell Sacks (‘the gold-standard for broker-dealer legal support’), Shearman & Sterling LLP’s standalone financial services regulatory offering is ‘increasingly visible in the market’ on behalf of domestic and international institutions. Sahni has ‘substantial knowledge’ of the core regulatory issues impacting both domestic and foreign banks including advice on Volcker Rule compliance, resolution planning and enhanced prudential standards. She also provides the regulatory overlay on banking M&A including her recent work for Safra National Bank of New York on the acquisition of the private banking assets and deposit liabilities of the New York and Miami branch offices of Israel’s Bank Hapoalim. As part of his expansive broker-dealer expertise, Sacks has particular specialism advising investment banking boutiques including his ongoing work for PJT Partners. Jennifer Morton and Timothy Byrne are also recommended for broker-dealer and bank regulatory work, respectively. Clients include Banco do Brasil, Blackstone, Citibank and Quintus Partners.

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