Venable has hired a capital markets attorney with a background in derivatives transactions and regulations.
Daniel Danello was named by Venable Of Counsel. He was formerly at the DC office of Ropes & Gray. He spent a decade in the general counsel’s office at Fannie Mae, advising on governance, compliance and transactions across a number of financial markets. He also counseled Fannie Mae’s Multifamily division on its hedging programs and directed an International Swaps and Derivatives Association documentation team.
Prior to Fannie Mae, Danello was senior assistant general counsel at student loan lender Sallie Mae. He managed the group responsible for deals and regulatory/compliance. He also assisted in starting the firm's student loan ABS program and advised on major offerings such as the largest securitization of a student loan portfolio that was previously owned by the British government.
At Venable, Danello joins a number of former financial industry officials that have backgrounds at the Federal Deposit Insurance Corp., Office of the Comptroller of the Currency, U.S. Treasury Department, Department of Justice and other agencies. He is expected to help clients comply with Dodd-Frank reforms in such areas as foreign exchange, OTC derivatives, futures and money markets.
“Our group is tremendously enhanced with Dan’s arrival,” said Larry Gesner, a partner in Venable’s finance and investment management practices. “He’s helped leading issuers and investors negotiate and draft multibillion-dollar derivatives and foreign exchange contracts and handled large public and private offerings of debt, equity and various structured securities of all types. He has also advised senior executives on compliance, governance and disclosure related to those transactions. He has an in-depth understanding of many Wall Street trades as well as the finer points of federal legislation and regulatory oversight governing the financial markets.”