Tom is an associate in the Derivatives & Structured Products Group.
He works with private equity, private credit and infrastructure fund managers on the construction and implementation of hedging strategies to mitigate interest rate, foreign exchange and commodities exposures including advising on fund structuring to ensure optimal regulatory treatment, ISDA negotiations, collateral arrangements (including mandatory regulatory collateral as well as commercial collateral arrangements) and EMIR / UK EMIR compliance.
Tom also assists managers with interest rate and foreign exchange hedging required in connection with GP facilities, sub-lines, NAV facilities and on asset-level hedging arrangements, such as facility linked interest rate caps / swaps and deal contingent forwards.
He also has experience of advising fund managers on the legal aspects of securities financing transactions and the SFTR, including advising on the underlying GMRAs and GMSLAs required to implement repo and stock lending transactions and other alternate sources of leverage, such as total return swaps.
Tom also works with pension scheme trustees on investment matters (including bilateral and agency trading documentation, investment management agreements for fiduciary and/or segregated mandates and triennial valuations), and with digital asset exchanges and infrastructure providers on their operations, including in relation to custody and lending arrangements.