Cleary Gottlieb Adds Bank Regulatory Counsel Hugh C. Conroy, Jr. in New York

Cleary Gottlieb Steen & Hamilton LLP announced today that bank regulatory expert Hugh C. Conroy, Jr. has joined the firm as counsel based in the New York office. Mr. Conroy, 41, comes to Cleary Gottlieb from Citigroup, where he was a Managing Director and Associate General Counsel in the Bank Regulatory Office. Mr. Conroy will be part of the firm’s global banking and financial institutions practice and will advise a wide range of U.S. and international banking clients on the many important challenges arising from U.S. and global regulatory reforms.

“Hugh is an established leader of the banking bar and his expertise across all of the core areas of our bank regulatory practice makes him a perfect complement to our financial institutions team, which has long been recognized in the United States and internationally as one of the best in the world,” said Cleary Gottlieb Managing Partner Mark Leddy. “We are especially pleased that Hugh will be joining us at a time of high demand for our expertise as we guide clients in structuring their businesses to comply with new regulatory requirements of Dodd-Frank.”

Cleary Gottlieb’s banking and financial institutions practice spans 12 of the firm’s offices in the United States, Europe, Asia, and Latin America. The practice includes 14 partners and counsel in New York and Washington, D.C. who are experts in financial institutions regulation and compliance. Offering clients around the world advice that is integrated across practices and regions, the group draws on the strength of the firm’s expertise in derivatives, structured products, bank insolvency, executive compensation, and securities regulation, and provides financial institutions with advice that takes into account both U.S. and EU legislation as well as developments in Asia and elsewhere. Members of the practice have advised clients on both sides of the Atlantic on virtually every major rescue operation, recapitalization, or regulatory transformation arising from the financial crisis, including the Dodd-Frank Volcker Rule, the new swap dealer and other requirements applicable to derivative markets, Dodd-Frank’s systemic resolution and capital provisions, and the Basel III capital and liquidity rules.

“I am very pleased to be joining Cleary Gottlieb and look forward to working with the extremely talented lawyers at the firm, as well as with the firm’s vast array of financial institution clients,” Mr. Conroy commented. “I am excited to be moving back into law firm practice during this time of unprecedented change in the regulatory landscape, and I look forward to contributing my expertise in the bank regulatory area to Cleary Gottlieb.”

Mr. Conroy joined Citigroup in 2004. Prior to that, he was an associate in the New York office of Sullivan & Cromwell. He received a J.D. degree from Columbia University School of Law in 1996 and a B.A., summa cum laude, from the College of William and Mary in 1992.

About Cleary Gottlieb

Founded in 1946 by lawyers committed to legal excellence, internationalism, and diversity, Cleary Gottlieb is a leading international law firm with more than 1,100 lawyers around the world.