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Schulte Roth & Zabel LLP

919 THIRD AVENUE, NEW YORK, NY 10022, USA
Tel:
Work +1 212 756 2000
Fax:
Fax +1 212 593 5955
Email:
Web:
www.srz.com
London, New York, Washington DC

Joseph Vitale

Tel:
Work +1 212.756.2485; +1 202.729.7481
Email:
Schulte Roth & Zabel LLP

Work Department

Bank Regulatory, Cybersecurity, Financial Institutions, Regulatory & Compliance, Vendor Finance

Position

Joseph P. Vitale is co-head of the Bank Regulatory Group. He represents banks and other regulated financial institutions with respect to: chartering/licensing; regulatory compliance; mergers, acquisitions and reorganizations; financial transactions; formal and informal regulatory actions; litigations and claims; and legislative and regulatory developments. Joseph also advises parties, including private investment funds, seeking to invest in or acquire banks or other licensed financial service providers. Highlights of Joseph’s practice include representing the majority owners of GMAC in connection with the institution’s conversion into Ally Financial, a complex transaction that included a related $2-billion private recapitalization and the acquisition of $5 billion in public funds; and his representation of both the seller, Cerberus Capital Management, and buyer, TD Bank, in the $6.2-billion sale of Chrysler Financial, including obtaining more than 100 government approvals necessary to close the transaction. Joseph is admitted to federal and state courts for the District of Columbia and the State of New York as well as the U.S. Court of Federal Claims, where, among other matters, he co-litigated a breach-of-contract claim on behalf of a subsidiary of HSBC that resulted in a $96-million judgment against the U.S. government. 

Joseph is recognized by his clients and peers as one of the nation’s leading lawyers for both financial regulatory compliance and financial institutions M&A work, as evidenced by his consistent inclusion in leading directories and client-survey publications, such as Chambers GlobalChambers USA, IFLR1000, The Legal 500 US and New York Super LawyersChambers USA reported that clients give him “strong reviews for his broad regulatory practice,” in particular his “knowledge of the regulatory environment” and “substantive technical knowledge and good advocacy skills.” Others claim that he “definitely gives perspective and context,” “is extremely responsive and is excellent at distilling complex banking rules and regulations in understandable and practical terms,” and that “his advice is really valuable” and “stands the test of time.” The Legal 500 US indicated that clients describe him as “impressive” and praise him for his “pragmatic and creative approach,” and “ability to explain complex matters in plain English” and declare that he “combines an outstanding depth of knowledge with a keen ability to deliver business-ready solutions,” in particular a “top-class understanding of the intersection between the private equity and banking industries.” The Legal 500 also noted that his clients are among “the most sophisticated private equity investors in banks” and that he has “been particularly active ensuring Volcker rule compliance for private equity sponsors that invest in banks and vice-versa.”

 

Member

American Bar Association, Banking Law Committee; American Bankers Association; Institute of International Banks; Financial Markets Association; Network Branded Prepaid Card Association.

Education

Georgetown University Law Center, JD; College of the Holy Cross, AB.


United States: Finance

Financial services regulation

Within: Financial services regulation

Schulte Roth & Zabel LLP provides an 'outstanding level of service' to a myriad of participants seeking regulatory advice in the context of banking, payments and trading matters, in particular. Spearheaded by the 'excellent' Joseph Vitale, the team excels at matters at the intersection of the bank regulatory and asset management spheres, and is noted for its 'excellent work for private equity and hedge funds on their banking investments'. Vitale continues to handle a significant amount of bank investment work for Cerberus Capital Management, including recently advising it (as the lead in a private equity consortium) on the acquisition of German bank, HSH Nordbank. He is also extremely well versed on Volcker Rule issues and recently assisted Credit Suisse with the restructuring of its Systemic Market-Making Group in order to fit within certain exemptions of the rule. Praised for his 'understanding, not only of the law but also the regulators', Donald Mosher leads the firm's efforts on the payments regulatory front, from both a standalone advisory perspective and in relation to M&A in the sector. Mosher has advised Ant Financial on several transactions, including its proposed acquisition of MoneyGram. Julian Rainero and Craig Warkol co-chair the firm's broker-dealer regulatory practice and are key members of the financial services regulatory team, which also includes AML and OFAC expert Betty Santangelo. All named attorneys are based in New York.

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