Crowell & Moring Grows International Securities Regulation & Enforcement Practice With Former Citibank General Counsel
London – 20 April 2005: Crowell & Moring has announced the appointment of Martin Harty as counsel in London to expand the firm's market-leading international Securities Regulation & Enforcement Group. Harty was previously general counsel and head of Compliance at Credit Lyonnais Capital Markets, Fidelity Brokerage and director of compliance at Citibank Corporate in Europe, and subsequently general counsel for Citibank Global Investments responsible for regulatory issues worldwide.
Harty will advise Crowell & Moring's corporate, financial services and banking clients on the European aspects of their global compliance strategies and risk assessment programmes primarily under United Kingdom and European Union legislation, with a particular focus on Financial Services Authority (FSA) and international aspects of Securities and Exchange Commission (SEC) regulations. His focus will include the implications of the Financial Services Action Plan and the EU Market Abuse Directive coming into force in July 2005, as well as the Market & Financial Instruments Directive (MAFID) due in 2008.
A barrister by training, Harty was a founding member and the first chairman of the Securities Houses Compliance Office rs Forum. He has acted as an arbitrator for the UK Securities Regulator.
Peter Teare , managing partner of the London office, says, “We are delighted to welcome Martin to the firm. His worldwide expertise with leading financial services businesses, UK, European, US and international regulatory regimes and his international arbitration background ideally complements the work of our U.S.-based Securities Regulation and Enforcement Group. We continue to build our European platform in the London and Brussels offices to provide our international clients with integrated, firm-wide practice groups in each of our key practice areas, and Martin is a prime example of the talented international lawyers that match our client's requirements for a global response.”
Harty will join the Securities Regulation & Enforcement Group, which boasts more than two dozen professionals and is led by several former supervisory regulators, including Richard J. Morvillo, who was recently named one of the ten best securities and corporate governance lawyers in Washington, Joseph I. Goldstein, former associate director of the SEC's Division of Enforcement, Pat S. Conti, former branch chief of the SEC's Division of Enforcement, and Kathryn Bradley McGrath, former director of the SEC's Division of Investment Management, among others.
The group represents leading brokerage firms, investment banks, major corporations and high profile individuals in complex SEC, NASD, FSA and other international regulatory investigations and related litigation proceedings.
Harty observes that “Crowell & Moring has one of the best securities and enforcement practices in the United States. The quality of the firm's lawyers allows us to advise clients on global regulatory requirements and grow a European securities and regulatory practice in London at a time of increasing regulatory complexity and international enforcement.”
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