Cleary regulatory partner Bob Penn set to rejoin Allen & Overy
Bob Penn to return to A&O less than two years after he quit for Cleary
June 20, 2018 at 05:09 AM
2 minute read
Cleary Gottlieb Steen & Hamilton London financial regulatory partner Bob Penn (pictured) is leaving the firm after less than two years, to rejoin Allen & Overy (A&O).
Penn quit A&O for Cleary in September 2016 after nine years as a partner. His return to the magic circle firm bolsters its regulatory team to six partners in London.
Penn joined A&O's regulatory practice in 1999 and made partner in 2007. Before leaving for Cleary, he was head of the UK firm's non-contentious financial services regulation practice, advising banks, asset managers, market infrastructure providers and other financial institutions on a wide range of non-contentious regulatory issues.
While at A&O, Penn led the magic circle firm's work on the European financial services reform agenda, including advising on revisions to capital requirements, the introduction of recovery and resolution plans and retail ring-fencing for banks.
He is known for advising HSBC on its UK bank ring-fencing project, which was completed in May this year. As part of the project, Penn gave evidence to parliamentary commission on banking standards in relation to proposals for the ring-fencing of retail banking activities in the UK.
Damian Carolan, who heads A&O's financial services regulatory practice in London, said: "We are very excited to have Bob back at A&O. His depth of experience is an invaluable addition to our team at a time when the volume, complexity and breadth of financial regulation has increased exponentially. This is driving continued investment in the team to continue to support our financial services clients in facing sophisticated and evolving challenges."
News of Penn's return to A&O comes after the firm hired banking partner Ben Regnard-Weinrabe from Paul Hastings earlier this year.
A&O is currently in discussions about a potential tie-up with US firm O'Melveny & Myers in a bid to crack the US market.
A Cleary spokesperson said: "We wish Bob all the best for the future. Our financial services regulatory practice is an important global and cross-border practice. We will continue to support our financial institution clients across the world, with expertise from our offices in the Americas, Asia, London and the rest of Europe."
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
You Might Like
View All
HSF Hires Trio for Luxembourg Launch, Builds Private Capital Practice
To Thrive in Central and Eastern Europe, Law Firms Need to 'Know the Rules of the Game'
7 minute read
What About the Old Partners Who Have No Interest in AI?
Netflix Offices Raided by Authorities in Paris and Amsterdam
Trending Stories
- 1Cars Reach Record Fuel Economy but Largely Fail to Meet Biden's EPA Standard, Agency Says
- 2How Cybercriminals Exploit Law Firms’ Holiday Vulnerabilities
- 3DOJ Asks 5th Circuit to Publish Opinion Upholding Gun Ban for Felon
- 4GEO Group Sued Over 2 Wrongful Deaths
- 5Revenue Up at Homegrown Texas Firms Through Q3, Though Demand Slipped Slightly
Who Got The Work
Michael G. Bongiorno, Andrew Scott Dulberg and Elizabeth E. Driscoll from Wilmer Cutler Pickering Hale and Dorr have stepped in to represent Symbotic Inc., an A.I.-enabled technology platform that focuses on increasing supply chain efficiency, and other defendants in a pending shareholder derivative lawsuit. The case, filed Oct. 2 in Massachusetts District Court by the Brown Law Firm on behalf of Stephen Austen, accuses certain officers and directors of misleading investors in regard to Symbotic's potential for margin growth by failing to disclose that the company was not equipped to timely deploy its systems or manage expenses through project delays. The case, assigned to U.S. District Judge Nathaniel M. Gorton, is 1:24-cv-12522, Austen v. Cohen et al.
Who Got The Work
Edmund Polubinski and Marie Killmond of Davis Polk & Wardwell have entered appearances for data platform software development company MongoDB and other defendants in a pending shareholder derivative lawsuit. The action, filed Oct. 7 in New York Southern District Court by the Brown Law Firm, accuses the company's directors and/or officers of falsely expressing confidence in the company’s restructuring of its sales incentive plan and downplaying the severity of decreases in its upfront commitments. The case is 1:24-cv-07594, Roy v. Ittycheria et al.
Who Got The Work
Amy O. Bruchs and Kurt F. Ellison of Michael Best & Friedrich have entered appearances for Epic Systems Corp. in a pending employment discrimination lawsuit. The suit was filed Sept. 7 in Wisconsin Western District Court by Levine Eisberner LLC and Siri & Glimstad on behalf of a project manager who claims that he was wrongfully terminated after applying for a religious exemption to the defendant's COVID-19 vaccine mandate. The case, assigned to U.S. Magistrate Judge Anita Marie Boor, is 3:24-cv-00630, Secker, Nathan v. Epic Systems Corporation.
Who Got The Work
David X. Sullivan, Thomas J. Finn and Gregory A. Hall from McCarter & English have entered appearances for Sunrun Installation Services in a pending civil rights lawsuit. The complaint was filed Sept. 4 in Connecticut District Court by attorney Robert M. Berke on behalf of former employee George Edward Steins, who was arrested and charged with employing an unregistered home improvement salesperson. The complaint alleges that had Sunrun informed the Connecticut Department of Consumer Protection that the plaintiff's employment had ended in 2017 and that he no longer held Sunrun's home improvement contractor license, he would not have been hit with charges, which were dismissed in May 2024. The case, assigned to U.S. District Judge Jeffrey A. Meyer, is 3:24-cv-01423, Steins v. Sunrun, Inc. et al.
Who Got The Work
Greenberg Traurig shareholder Joshua L. Raskin has entered an appearance for boohoo.com UK Ltd. in a pending patent infringement lawsuit. The suit, filed Sept. 3 in Texas Eastern District Court by Rozier Hardt McDonough on behalf of Alto Dynamics, asserts five patents related to an online shopping platform. The case, assigned to U.S. District Judge Rodney Gilstrap, is 2:24-cv-00719, Alto Dynamics, LLC v. boohoo.com UK Limited.
Featured Firms
Law Offices of Gary Martin Hays & Associates, P.C.
(470) 294-1674
Law Offices of Mark E. Salomone
(857) 444-6468
Smith & Hassler
(713) 739-1250
