Bob Penn, partner and head of non-contentious financial services regulation at Allen & Overy, will join Cleary Gottlieb’s financial services regulatory practice in London as a partner.
Bob joined Allen & Overy’s regulatory practice in September 1999 and he became a partner in 2007. Bob’s practice covers the full range of non-contentious financial services regulation. He advises banks, asset managers, market infrastructure providers and other financial institutions on a wide range of national and international regulation. In recent years, Bob has led Allen & Overy’s work on the UK and European financial services reform agenda, including advising on revisions to capital requirements, the introduction of recovery and resolution plans, bank resolution and crisis management and retail ring-fencing for banks.
“We are delighted to welcome Bob to the firm,” says London partner Simon Jay. “He brings a fantastic wealth of knowledge and significant experience in UK and EU financial services regulation. Bob’s appointment will enhance our ability to offer bank and other clients in the financial services industry a single source of the highest quality advice across the EU and the U.S.”
Cleary Managing Partner Mark Leddy says: “We are excited to have a lawyer with Bob’s depth of expertise join our firm to enhance our global financial services regulatory offering and provide our clients with invaluable experience and insight. Following the financial crisis, regulatory developments in the U.S., UK and EU have had a profound impact on our clients. We have been privileged to help guide them through these major new requirements, many of which are continuing to evolve. Bob’s joining us in London will cement our position as the only leading firm with a truly transatlantic financial services regulatory practice.”
Bob Penn comments: “I am thrilled to join a firm of Cleary Gottlieb’s reputation, and I am looking forward to developing a first class team in London to complement the firm’s capabilities around the world.”