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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 on the bank regulatory front by Reena Sahni, and in broker-dealer matters by Russell Sacks, Shearman & Sterling LLP’s standalone two-partner practice often advises major domestic and international financial institutions on the most pressing issues affecting their businesses, including matters relating to the Volcker Rule, enhanced prudential standards and risk-based capital. Benefiting from vast knowledge of the regulatory framework underpinning brokerages, trading systems and clearing houses, Sacks’ expertise in the field is underscored by his continued representation of SIFMA across a range of matters, including the coordination of its response to recent new rules relating to block trading and prohibitions on front running. He has also been active in transactional matters and, as well as representing clients in the establishment of investment bank boutiques, has been advising on strategic divestments - including acting for Credit Suisse in the sale of its US and Latin American private wealth businesses to Wells Fargo and Morgan Stanley respectively. Sahni is recognized in the market for her thought leadership across the spectrum of bank regulatory matters and continues to act for numerous domestic and foreign banks on developing and monitoring compliance programs to adhere to Volcker Rule restrictions and enhanced prudential standards.

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