Simmons & Simmons LLP

Capital Markets: Structured Finance, Securitisation & Derivatives Department

London (Firms)
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What the team is known for Growing practice with strong capability across complex securitisations and structured products. Well regarded for its work on public securitisations for a range of clients including banks and peer-to-peer lenders. Also known for its work on structured products, with a notable CLO practice. The team is also well placed to advise on derivative transactions, regularly assisting institutional asset managers and hedge funds on both the buy and sell sides. As well as frequently assisting with transactional matters, the group is well placed to assist with regulatory issues.

Strengths Sources say: "The team is not afraid to tackle difficult issues and find solutions to them."

Others note: "They manage fast timetables, focus on what matters and highlight areas we should be most concerned about."

Clients comment: "They are very commercial and are not overly legalistic and formulaic."

Work highlights Acted as counsel to Citibank in its role as arranger and lead manager on the approximately £2.1 billion financing of a portfolio of residential mortgage loans sold by UK Asset Resolution.

Notable practitioners

Allan Yip
's clients include hedge funds and institutional asset managers. He is widely recognised for his contribution to the buy-side market, providing both transactional and regulatory advice.
"He is a go-to in the market on the buy side."

Amer Siddiqui
has a flourishing bank and company-side practice. His wide-ranging practice sees him advise on RMBS and CMBS matters, warehousing arrangements and covered bonds, as well as secured corporate bonds and whole business securitisations.
"He is someone who you can work effectively with on complicated issues." "He has a deep knowledge of the regulations." "Amer is very commercial, always stays on top of workstreams, proactively raises issues and comes up with solutions." 

Kathryn James
advises financial institutions on securitisation matters. She displays an aptitude for ABS and real estate-backed securitisation, as well as portfolio sales.
"Kathryn James is very commercial, pragmatic and has good problem-solving skills." "She is very able technically and able to really take charge of deals."

Leader of the firm's asset-backed and securitisation team
Michael Lorraine
has a practice which spans a spectrum of asset classes, with noted deal experience in trade receivables. He is also recognised for his ability to assist with portfolio acquisitions.
"He is very knowledgeable and is able to offer solutions." "He is very commercially-minded."