Shearman & Sterling has added Cadwalader Wickersham & Taft financial services partner Mark Chorazak in New York as the firm looks to expand its fintech and financial institutions practice.
Chorazak, who joined Cadwalader in 2018 from Simpson Thacher & Bartlett, is joining Shearman as partner in its global financial institutions advisory and financial regulatory practice.
Chorazak works with financial institutions on a wide array of bank regulatory, transactional and compliance matters and regularly counsels banks, investors and other financial services firms on issues arising under the Bank Holding Company Act, the Dodd-Frank Act and other U.S. banking laws.
“Mark’s unique skillset across various compliance and regulatory matters makes him a strategic and complementary asset to the firm’s other practices including our FinTech, broker-dealer and derivatives groups,” Barney Reynolds, the global head of Shearman’s financial services industry group and member of the firm’s executive committee, said in a statement.
Chorazak spent over a decade at Simpson Thacher & Bartlett where he was lead regulatory counsel on some of the largest bank mergers since the 2008 financial crisis. Those include Toronto-Dominion Bank’s acquisition of the South Financial Group in 2010 and its $4 billion acquisition of Scottrade in 2016 as well as KeyBank’s acquisition of First Niagara Financial Group Inc.
“We are continuously called upon by our clients for advice on their evolving regulatory and compliance needs,” Shearman senior partner David Beveridge said in a statement.
Chorazak’s addition to the practice, as well as the recent addition of co-general counsel at Deutsche Bank Simon Dodds as of counsel in London, underscores the firm’s commitment to be best positioned to deliver legal services across the transatlantic financial centers, Beveridge added.
“We wish Mark all the best,” a Cadwalader spokesman said in a statement.