Pillsbury has hired Anthony Schouten and Jeffrey Stern for its finance group as partners in New York.
Formerly at Stroock & Stroock & Lavan, the partners’ experience covers securitization, derivatives, commodities and cross-border structured financings. The hires are part of the law firm’s expansion of its New York office. They also strengthen Pillsbury's capabilities for advising commercial and investment banks, asset managers, private equity funds and global businesses in structured finance.
Stern has extensive experience in structured finance and derivatives. These are areas where he has had a key role in developing and refining new forms of domestic and cross-border asset-based financings, credit derivative structures and other risk transfer deals. His clients include investment and commercial banks, insurance firms as well as private equity funds, among others. Stern has considerable expetise with many forms of asset-based lending and the restructuring and financing of distressed assets. He also has a history of work in Latin America, specifically cross-border financings and derivatives offerings in Brazil and Mexico.
Meanwhile, Schouten has a diverse corporate practice that covers structured finance, corporate restructuring as well as commodities and derivatives. He advises clients in developing product and service offerings that require unique solutions to complex challenges. Schouten crafts and negotiates derivative and structured credit products for major investment banks and has also advised leading asset managers and other end users of such instruments. Before Stroock, Schouten was a clerk at the European Court of Justice in Luxembourg and in the New York State Court.
“These talented and innovative lawyers are outstanding additions to Pillsbury’s already deep bench of Finance practitioners. They will help us respond to the growing demand from our financial services clients for legal counsel on complex matters and allow us to broaden our service offerings in securitization and derivatives, including in the slowly rebounding CLO market,” said New York partner Mats Carlston, leader of Pillsbury’s finance group.
He added that the new hires join Pillsbury only two weeks after Pillsbury added a trio of insolvency and restructuring partners to its New York office.
“Pillsbury’s broad Finance profile coupled with the firm’s international platform and industry focus make it an exciting home for our practices,” Stern stated. “We look forward to offering our clients expanded capabilities by leveraging Pillsbury’s industry experience and strengths in regulation and litigation.”