Global law firm Sutherland Asbill & Brennan LLP has announced the addition of a capital markets partner, Brian G. Barrett who has experience of insurance-linked securities and the alternative reinsurance market, as it continues to build out its insurance and financial services practice in New York.
Barrett was most recently at Goldman Sachs where he focused on financing transactions and served as a Vice President in the Global Liquidity Products group. He brings to Sutherland broad securities and derivatives market experience with property casualty and life insurers, banks, broker-dealers, private funds and U.S. registered investment companies.
Barrett has advised clients on many types of transactions, a number of which are relevant to the ILS and alternative reinsurance market. These include both asset and liability-side transactions; a wide variety of securitizations, financings, derivatives and collateral management transactions; as well as regulatory issues under the Dodd-Frank Act, Basel 3 and U.S. securities laws.
Previously, Barrett gained significant ILS market experience in his time as a Managing Director at HSBC Bank, where he assisted with the development of the insurance linked securities (ILS) business and also led a number of strategic AXXX/XXX life securitization transactions.
“Brian brings more than 20 years of experience in financial transactions as a lawyer, inside counsel and banker,” commented Sutherland Managing Partner Mark D. Wasserman. “His diverse experience, including years as an investment banker serving the financial services industry, complements our nationally recognized Insurance Team and furthers our strategic growth in this important practice and in New York.”
“With both investment banking and legal experience, Brian understands the commercial and business opportunities and challenges that our clients face on a daily basis,” added Jeffrey H. Mace, a Sutherland partner whose practice focuses on Lloyd’s and the London and Bermuda insurance markets. “Brian’s background, particularly in the growing ILS and alternative reinsurance markets in Bermuda, Europe and the U.S., enhances the comprehensive legal and strategic advice we provide to insurance industry clients.”
“I am thrilled to join Sutherland’s market-leading practice and become part of a group with such unique capabilities and a strong commitment to excellence and client service,” said Barrett.