Jones Day hired two lawyers for its banking and finance practice in its New York office.
Alice Yurke will join as partner and was previously at Ashurst's New York office, where she was a partner in the finance practice.
Yurke focuses her practice on structured products, including equity-, credit-, hedge fund- and commodity-linked structures in both U.S. and offshore markets. She has considerable experience advising financial institutions in structuring products for hedging, arbitrage, balance sheet management, and liquidity purposes across the different sectors, and regularly advises clients on products involving principal protection.
She also has extensive background in bank lending and advises clients on regulatory concerns such as risk-based capital, as well as bankruptcy and workout issues in terms of both derivatives and loan transactions.
She is a member of the New York State Bar Association's derivatives and structured products law committee.
Meanwhile, Jonathan Ching will also join as of counsel and formerly was at D.E. Shaw & Co. where he was a vice president and counsel, according to Ching's LinkedIn profile. He also held positions at Bear Stearns and JPMorgan.
Ching focuses his practice on structured products and their applications in trading and capital markets. He has managed many deals involving product structuring, valuation, and margin arrangements; insolvency issues; and trade unwinds, and has considerable background in negotiating documentation for transactions.
Aside from his transactional work, Ching has significant experience working with U.S., U.K., and European Union regulators, as well as industry groups in connection with OTC derivative regulation.
"We are pleased to welcome Alice and Jonathan to the Firm," said Mark Sisitsky, co-leader of the firm's banking and finance practice. "Their substantial experience in financial products and related regulatory issues will enhance our structured finance and derivatives practice and will be of great value to our clients as they face both challenging new regulations and changing financial markets."
"Alice and Jonathan are great additions to the Firm and our banking and finance team," said Willis Goldsmith, partner-in-charge of Jones Day's New York Office. "Their significant experience in complex structured finance transactions adds even more capacity to serve our clients not only here in New York, but also around the world."