Caroline is a specialist financial markets litigator and contentious regulatory lawyer with a particular focus on wealth management firms and complex products sold to high net worth investors. She also regularly advises on the contentious regulatory aspects of the FCA’s product and distributor governance in the retail structured products and asset management sectors.
Caroline has been recognised in the major UK directories for a number of years and she is noted as being "absolutely first rate", and "sensible, pragmatic, thorough, focused on the detail, and commercial". She is also noted for "really know[ing] her high-end products and [being] aware of changing market conditions".
In 2009 Caroline was seconded to the wealth management division of a major bank where she headed up their litigation function. This gave her an in-depth insight into the challenges faced by in house counsel and how external lawyers can best support them.
Caroline is a former member of the firm's Board and is a current member of the firm’s International Executive Committee. She also led the firm’s eDiscovery function from 2012 – 2017, driving its use of artificial intelligence and the firm’s adoption of a more sophisticated approach to document analysis in litigation and investigations.
- Recent Work
- advising a private bank regarding alleged widespread mis-selling claims arising from an AIG Life Bond, including various issues arising from complaints made to the Financial Ombudsman Service
- defending a number of financial advisors and their insurers against claims made by the Financial Services Compensation Scheme in respect of alleged mass miss-selling of Keydata income bonds and the Arch Cru Investment Funds.
- assisting a financial institution respond to s165 Information Requirements from the FCA
- advising a bank on its financial promotions and its interactions with the FCA on the same
- advising a bank in relation to two Enforcement Investigations by the FCA
- advising an investment bank on its regulatory obligations relating to a potential market abuse issue.
- defending a financial institution in respect of an anticipated group action for breach of duty to safeguard pension monies which were moved to a SIPP and invested in risky ventures which lost money
- defending directors against a claim brought by their former employer for unlawful means conspiracy, negligence, and breach of directors’ duty regarding their management of the company’s occupational pension schemes. This case has been listed as one of The Lawyer's Top 20 Cases of 2018.
Breach of fiduciary duty
- defending a financial institution against claims by a trust (settled by a high net worth individual) that trust monies were invested without an appropriate investment strategy
- successfully defending (at first instance and Court of Appeal) off-shore directors against claims relating to breaches of BVI directors duties.
Caroline was educated at the University of Oxford where she read Jurisprudence. Caroline joined Simmons & Simmons in 1997 and became a partner in May 2008.