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Simmons & Simmons

CITYPOINT, ONE ROPEMAKER STREET, LONDON, EC2Y 9SS, ENGLAND
Tel:
Work +44 20 7628 2020
Fax:
Fax +44 20 7628 2070
DX:
12 LONDON CHANCERY
Email:
Web:
www.simmons-simmons.com
Simmons & Simmons, David Toole, London, ENGLAND

David Toole

Tel:
Work +44 20 7825 3338
Email:
Simmons & Simmons

Work Department

Structured Finance and Derivatives

Position

David is a structured finance and derivatives partner specialising in a range of securitised and OTC derivatives and repackaging transactions. He has a particular focus on risk sharing transactions structured as credit derivatives, financial guarantees and insurance contracts and acts for a wide range of arrangers and investors in these products, including public sector and multilateral institutions. He also has extensive experience of credit, equity and fund-linked products.

Career

David trained at another international law firm before joining Simmons & Simmons in 2013. He has spent time in London and Tokyo and on secondment at a leading investment bank.

Career highlights include advising the investor on an EUR 8.4bn synthetic risk transfer transaction of corporate and SME loans. Advising Deutsche Bank, Morgan Stanley, Nomura and Societe Generale on the market’s first standardised multi-dealer repackaging platform. Advising the British Business Bank on the establishment of its ENABLE Guarantee Scheme and on the relaunch of its Enterprise Finance Guarantee Scheme, and advising a European Union institution on a number of Europe-wide mandates providing financial guarantees to support lending to SMEs.

Languages

English

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Legal Developments by:
Simmons & Simmons

  • Failure to counter financial crime: Norwich Union Life

    In December 2007, the Financial Services Authority (FSA) imposed a fine of £1.26m on Norwich Union Life (part of the Aviva Group), one of the largest life insurance businesses in the UK with around seven million customers. The fine related to failures to take reasonable care to establish and maintain effective systems and controls for countering the risks of financial crime. The fine is the latest confirmation of the emphasis being placed on protecting clients and customers from the threat of financial crime.
    - Simmons & Simmons

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