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Sullivan & Cromwell LLP

125 BROAD STREET, NEW YORK 10004-2498, USA
Tel:
Work +1 212 558 4000
Fax:
Fax +1 212 558 3588
Email:
Web:
www.sullcrom.com

Mitchell S. Eitel

Tel:
Work 212 558 4960
Email:
Sullivan & Cromwell LLP

Work Department

General Practice

Position

Partner

Career

Partner since 1996. Managing Partner, Financial Services Group; Co-Managing Partner, Global General Practice Group. Focuses on M&A, securities, bank regulatory and enforcement matters. In the regulatory area, advises clients on matters relating to Dodd-Frank, including consumer financial regulation and enforcement, the Volcker Rule and “living wills.” Also advises clients with respect to regulatory enforcement matters such as anti-money laundering, consumer compliance, cybersecurity and other areas of regulatory scrutiny.

Member

NYCBA; ABA; Fellow, ABF; Member, American Law Institute; Co-chair of Standard and Poor’s annual Bank M&A Symposium; Legal Counsel, Archaeological Institute of America.

Education

Columbia (JD, 1987; AB, 1984).


United States: Finance

Capital markets: equity offerings

Within: Capital markets: equity offerings

Sullivan & Cromwell LLP’s New York-headquartered group acted on a steady flow of equity matters through 2016, and significantly its issuer-side practice set the pace for the department - historically it has been stronger on the manager side. Among the group’s recent highlights, deputy capital markets head Catherine Clarkin and Mitchell Eitel advised First Hawaiian Bank on its $557.7m IPO and spinoff from BNP Paribas, and John Evangelakos assisted Intercontinental exchange with its $1.3bn follow-on offering. In the Palo Alto office, John Savva and Sarah Payne advised SoftBank on the $10bn monetization of a portion of its Alibaba stake, including a $3.4bn private placement. On the underwriter side, Robert Downes acted for Bank of America Merrill Lynch and Wells Fargo Securities in Regency Centers’ $406.4m follow-on offering. The highly regarded Robert Buckholz coordinates the firm’s corporate and finance department.

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Financial services regulation

Within: Leading lawyers

Mitchell Eitel - Sullivan & Cromwell LLP

Within: Financial services regulation

Well attuned to the ‘key issues on the minds of the domestic regulators’, the ‘outstanding’ New York-based team at Sullivan & Cromwell LLP benefits from ‘unparalleled industry knowledge’ and ‘leaves no stone unturned in handling significant US bank regulatory issues’. At the vanguard of critical issues affecting the financial services industry, the firm continues to provide standalone advice across central issues such as resolution planning, regulatory capital requirements and the Volcker Rule. The firm is perhaps best known, however, for its prowess in financial services M&A, where it is able to execute deals in a strategic manner that is cognizant of the ‘issues from the client’s perspective’. The ‘legendaryRodgin Cohen represented Swiss insurer ACE on its $29.5bn acquisition of US insurance holding company Chubb, with the combined entity creating the largest publicly traded property and casualty insurer; the deal required filings and regulatory approval processes in more than 30 US states and more than 40 other countries around the world. The ‘extremely knowledgeableMitchell Eitel is praised by clients for his ‘willingness to discuss the risks and benefits of all potential issues’ and recently advised JPMorgan Chase on its spin-off / management sale of Highbridge Principal Strategies, an alternative investment management business, to the management team. Rebecca Simmons is the primary contact for resolution planning work and as well as acting for a raft of leading banks on their living will requirements, also represents major trade association, The Clearing House, on its discussions with the FDIC on the resolution planning process and the implementation of Title II of Dodd-Frank. Other recommended partners include Mark Welshimer, for capital issues; Whitney Chatterjee, who continues to be active advising those in the alternative investment space on Volcker Rule issues; expert in anti-money laundering (AML) and Office of Foreign Assets Control (OFAC) sanctions compliance and enforcement Elizabeth Davy; the up-and-coming Jared Fishman, who excels at financial services M&A and on AML/OFAC compliance; and the ‘outstanding’ Donald Toumey, for financial services M&A as well as economic sanctions matters. The arrival in October 2016 from the Federal Reserve Bank of New York of both Thomas Baxter and Charles Gray affords the team even greater credibility before the regulators.

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