Jones Day hires from Goldman Sachs

A Goldman Sachs senior counsel is joining Jones Day in its New York office.

Jones Day announced it had hired Peter Petraro as of counsel on 9 March.

He joins after seven and a half years at Goldman Sachs, where he was vice president and senior counsel.

His time at the global investment bank saw him negotiate and advise on a wide range of equity derivatives transactions, and on securities law considerations related to equity derivatives and other equity transactions.

He also advised on broker-dealer and banking regulation, as well as the reforms to derivatives regulations to emerge from the 2008 financial crisis.

Before joining the bank he was an associate at Cleary Gottlieb Steen & Hamilton, where he advised on regulatory issues related to financial institutions, and on transactional matters concerning derivatives and secured transactions. He also advised on creditors’ rights issues including the effect of counterparty insolvency, and advised startup nonprofits pro bono on matters related to organisation and tax-exempt status.

At Jones Day Petraro will advise on security-based swap regulation and the treatment of equity derivatives under securities laws.

He will also be advising financial institutions, investment funds and corporations on transactional matters including accelerated share repurchases, convertible bond and call spread transactions, issuer forward sales, margin loans, prepaid variable share forwards and other structured equity derivatives.

“Peter’s experience with equity derivatives will allow him to immediately contribute as our practice continues to guide clients through what’s becoming an increasingly complicated regulatory and legal landscape,” said the co-head of Jones’ Day’s financial markets practice Jayant Tambe. “He is a great addition to what is already an impressive team in New York and in Jones Day offices around the world.”

Speaking about the move on his LinkedIn page, Petraro said he was “very excited to join the team at Jones Day, where I will continue to focus on equity derivatives transactional and regulatory matters”.

Petraro is the second significant hire Jones Day has made in the financial regulatory space in recent months, after hiring Joshua Sterling, former head of the US Commodities and Futures Trading Commission’s market participants division, as a partner in its Washington, DC office on 17 February.

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