Craig specialises in derivatives, funds and investment products - and regularly advises asset managers, funds (UCITS and hedge), insurers, pension schemes and other major financial institutions on the terms of their derivatives and trading agreements.
His practice focuses on the "buy side" of the market, and consequently requires a deep understanding of both the structural arrangements and the regulatory landscape within which clients operate.
His experience includes advising on repos, stock loans, credit, equity and property derivatives. He also regularly advises on distribution, investment management, custody of assets, prime brokerage and fund link agreements.
Craig is an expert on EMIR and is currently advising some of the world's largest financial institutions on implementation. In this regard, he has successfully negotiated a number of client clearing agreements, including for pension schemes, hedge funds, UCITS and QIFs.
He regularly advises clients on AIFMD, particularly in respect of the contractual requirements underpinning depositary and asset management delegation arrangements.
- Recent Work
- advising several major institutional clients in negotiations for client clearing based on the ISDA/FOA Addendum and the FIA-Europe Clearing Module
- negotiating a number of AIFMD compliant delegation agreements, both in respect of depositary and portfolio management delegation
- advising a major banking client on the possible implications of Russian sanctions and has been co-ordinating a pan-European project for a UK manager wishing to provide discretionary management services to client throughout Europe
- leading a number of governance and risk management exercises for clients, including major documentation exercises (both data capture and negotiation).
Craig joined Simmons & Simmons as a Managing Associate in the Financial Services group in May 2011 from a large City law firm. He has secondment experience, having worked for six months as derivatives counsel at one of the leading fund management groups in the UK.
He qualified as a solicitor in 2005 and is based in our London office. He is a member of a number of the ISDA Committees.
Craig is identified as a "standout young talent" in the current edition of The Legal 500.