Sidley announced that David Monteiro and Kristin Lee have joined the firm’s Banking and Financial Services practice within the M&A and Private Equity group as partners in Sidley’s offices in Dallas and New York respectively. And both join from Morgan Lewis & Bockius and will be joined by senior managing associate Michael Cumming.
Along with their separate practices, Monteiro and Lee work together to provide clients with integrated advice on issues that implicate both consumer and prudential regulatory concerns. And together they have handled consumer protection examinations by the prudential bank regulatory agencies and joint agency enforcement actions, conducted internal investigations of complex bank whistleblower matters, and advised on the balanced management of consumer and prudential considerations in fraud risk management and wealth management banking.
David Monteiro: Monteiro advises companies across the financial services industry, including banks, broker-dealers, fintechs and their investors, underwriters, and lenders, on their most complex consumer protection issues. He represents financial services companies in significant investigations, enforcement actions, and high-risk supervisory matters before federal and state financial regulators and consumer protection authorities.
Monteiro helps clients evaluate and develop practical solutions to mitigate risks under an array of consumer protection laws, including UDAAP laws and the enumerated consumer financial laws. And he conducts internal investigations of potential compliance systems gaps and consumer protection risks identified by whistleblowers, regulators, and internal monitoring to assist clients in building compliance enhancements, assessing customer remediation, and navigating self-reporting. Before entering private practice, Monteiro served as an enforcement attorney with the Federal Trade Commission’s Bureau of Consumer Protection, Division of Financial Practices.
Kristin Lee: Lee counsels U.S. and non-U.S. banks, bank holding companies and their affiliates on bank regulatory, supervisory, and enforcement matters before all major federal and state financial regulatory agencies, including the Board of Governors of the Federal Reserve System, Office of the Comptroller of the Currency, Federal Deposit Insurance Corporation, and state banking regulators. And she advises clients on U.S. banking laws and regulations, supervisory guidance and interpretations, and bank regulatory developments.
Lee also regularly advises banks on compliance matters, regulatory applications, notices, and other supervisory communications in connection with investments and other transactions, initial entry into the United States by non-U.S. banks and international operations of U.S. banks, chartering and licensing initiatives, control and non-control determinations, and enforcement matters.
KEY QUOTES:
“David and Kristin have handled matters before the wide scope of U.S. federal banking agencies related to numerous laws, rules, and regulations at the federal and state level. They will collaborate with Sidley partners in the Banking and Financial Services, Securities Enforcement and Regulatory, and M&A and Private Equity practices to deepen our client relationships as we continue to expand our capabilities.”
Yvette Ostolaza, Chair of Sidley’s Management Committee
“Bringing David and Kristin to Sidley will enhance our top-tier financial institutions practice. Their experience in successfully handling complex, thorny consumer finance and banking law issues in an efficient manner will be invaluable to our clients.”
Perry Shwachman, a member of Sidley’s Management and Executive Committees and co-chair of the M&A and PE Global practice group
