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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

Craig Bisson

Tel:
Work 020 7825 4691
Email:
Simmons & Simmons

Work Department

Financial services.

Position

Craig specialises in derivatives, funds and investment products – and regularly advises asset managers, funds (UCITS and hedge), insurers, pension schemes and other major financial institutions on the terms of their derivatives and trading agreements. His practice focuses on the ‘buy side’ of the market, and consequently requires a deep understanding of both the structural arrangements and the regulatory landscape within which clients operate. His experience includes advising on repos, stock loans, credit, equity and property derivatives. He also regularly advises on distribution, investment management, custody of assets, prime brokerage and fund link agreements. Craig is an expert on EMIR and is currently advising some of the world’s largest financial institutions on implementation. In this regard, he has successfully negotiated a number of client clearing agreements, including for pension schemes, hedge funds, UCITS and QIFs. He regularly advises clients on AIFMD, particularly in respect of the contractual requirements underpinning depositary and asset management delegation arrangements.

Career

Craig joined Simmons & Simmons as a managing associate in the financial services group in May 2011 from a large City law firm and was promoted to partner in May 2014. He has secondment experience, having worked for six months as derivatives counsel at one of the leading fund management groups in the UK. He qualified as a solicitor in 2005 and is based in our London office. He is a member of a number of the ISDA Committees.

Member

Law Society.

Education

Victoria College, Jersey; Exeter University (2:1 LLB (Hons)).

Leisure

Surfing, wine collecting, equine art.


London: Finance

Derivatives and structured products

Within: Derivatives and structured products

Simmons & Simmons' practice is 'flexible, hungry, willing and able to work to tight deadline, and they are a pleasure to do business with'. Another client notes that 'the lawyers are consistently responsive, engaging and proactive, the firm provides good value for money and the team has good strength in depth'. The firm advises buy-side and sell-side counterparties on derivatives matters, acting for leading investment banks, hedge funds and institutional asset managers. In an illustration of its market-leading position for complex repackaging work the team assisted Deutsche Bank, Morgan Stanley, Nomura, Société Générale and BBVA with an initiative to standardise repackaging documentation. Head of the firm's retail structured products group Sean Bulmer handled that matter and he frequently advises on securitised and OTC derivatives, as well as SPV structured finance transactions. Rising star David Toole, who handles OTC and securitised derivatives and structured capital markets products for financial institutions and public-sector organisations, also played a significant role.  He is 'very approachable and personable and has a deep understanding not only of our business but also of the market more generally'. Alan Davies acted for the joint lead managers on the issuance of $750m perpetual fixed spread callable notes by Demeter Investments, which were secured by a facility agreement with Swiss Re. 'Experienced, responsive, flexible and solid' practice head Paul Browne 'has led the firm to the top of the market'. Craig Bisson acts for some of the world’s top institutional asset managers in derivatives, securities financing and regulatory matters. Rising star associate Oliver West 'has established himself in the market and has a solid knowledge base, a great work ethic and is very much one to look out for'. David Roylance retired from the firm.

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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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